Chewy Inc. [CHWY] fell -26.56% so far this year. What now?

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Chewy Inc. [NYSE: CHWY] gained 0.77% on the last trading session, reaching $43.31 price per share at the time. The company report on June 1, 2022 that Chewy Announces First Quarter 2022 Financial Results.


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Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, has released its financial results for the first quarter of fiscal year 2022 ended May 1, 2022, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com.

Chewy Inc. represents 420.41 million in outstanding shares, while the company has a total market value of $17.87 billion with the latest information. CHWY stock price has been found in the range of $42.43 to $44.225.

If compared to the average trading volume of 6.38M shares, CHWY reached a trading volume of 3993479 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Chewy Inc. [CHWY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHWY shares is $44.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHWY stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for Chewy Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 27, 2022. While these analysts kept the previous recommendation, Wedbush raised their target price from $30 to $35. The new note on the price target was released on June 21, 2022, representing the official price target for Chewy Inc. stock. Previously, the target price had yet another raise to $55, while Deutsche Bank analysts kept a Buy rating on CHWY stock.

The Average True Range (ATR) for Chewy Inc. is set at 2.67, with the Price to Sales ratio for CHWY stock in the period of the last 12 months amounting to 1.95. The Price to Book ratio for the last quarter was 309.36, with the Price to Cash per share for the same quarter was set at 1.47.

Trading performance analysis for CHWY stock

Chewy Inc. [CHWY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.50. With this latest performance, CHWY shares gained by 52.34% in over the last four-week period, additionally sinking by -3.46% over the last 6 months – not to mention a drop of -47.34% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CHWY stock in for the last two-week period is set at 67.50, with the RSI for the last a single of trading hit 69.73, and the three-weeks RSI is set at 63.85 for Chewy Inc. [CHWY]. The present Moving Average for the last 50 days of trading for this stock 31.76, while it was recorded at 42.73 for the last single week of trading, and 47.48 for the last 200 days.

Chewy Inc. [CHWY]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Chewy Inc. [CHWY] shares currently have an operating margin of -0.81 and a Gross Margin at +26.08. Chewy Inc.’s Net Margin is presently recorded at -0.83.

Return on Equity for this stock declined to -1,159.55, with Return on Assets sitting at -3.70.

Chewy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.80.

An analysis of insider ownership at Chewy Inc. [CHWY]

There are presently around $18,002 million, in the hands of institutional investors. The top three institutional holders of CHWY stocks are: BC PARTNERS ADVISORS L.P. with ownership of 311,215,435, which is approximately -0.924% of the company’s market cap and around 3.20% of the total institutional ownership; MORGAN STANLEY, holding 20,928,631 shares of the stock with an approximate value of $906.42 million in CHWY stocks shares; and BAILLIE GIFFORD & CO, currently with $548.67 million in CHWY stock with ownership of nearly -4.768% of the company’s market capitalization.

Positions in Chewy Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 196 institutional holders increased their position in Chewy Inc. [NYSE:CHWY] by around 20,266,048 shares. Additionally, 242 investors decreased positions by around 18,483,526 shares, while 69 investors held positions by with 376,896,932 shares. The mentioned changes placed institutional holdings at 415,646,506 shares, according to the latest SEC report filing. CHWY stock had 55 new institutional investments in for a total of 1,110,210 shares, while 124 institutional investors sold positions of 4,901,814 shares during the same period.

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