Chewy Inc (NYSE:CHWY) shares, rose in value, with the stock price down by -3.27% to the previous day’s close as strong demand from buyers drove the stock to $15.09.
Actively observing the price movement in the last trading, the stock closed the session at $15.60. The PE ratio was 165.28 over 12-month period. Referring to stock’s 52-week performance, its high was $40.78, and the low was $15.08. On the whole, CHWY has fluctuated by -2.14% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.74B, with a low estimate of 2.74B and a high estimate of 2.96B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.85B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CHWY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CHWY currently trading nearly -8.29% and -10.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.29, while the 7-day volatility ratio is showing 4.32% which for the 30-day chart, stands at 4.58%. Furthermore, Chewy Inc (CHWY)’s beta value is 0.90, and its average true range (ATR) is 0.82.
A comparison of Chewy Inc (CHWY) with its peers suggests the former has fared considerably weaker in the market. CHWY showed an intraday change of -3.27% in last session, and over the past year, it shrunk by -54.93%%.
Data on historical trading for Chewy Inc (NYSE:CHWY) indicates that the trading volumes over the past 3 months, they’ve averaged 8.94 million. According to company’s latest data on outstanding shares, there are 132.91 million shares outstanding.
Nearly 69.91% of Chewy Inc’s shares belong to company insiders and institutional investors own 23.71% of the company’s shares. The stock has fallen by -36.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CHWY stock heading into the next quarter.
