Chewy Inc. [CHWY] is -4.15% lower this YTD. Is it still time to buy?

Chewy Inc. [NYSE: CHWY] traded at a high on 03/28/23, posting a 3.37 gain after which it closed the day’ session at $35.54. The company report on March 22, 2023 that Chewy Announces Fiscal Fourth Quarter and Full Year 2022 Financial Results.

Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted destination for pet parents and partners everywhere, has released its financial results for the fiscal fourth quarter and full year 2022 ended January 29, 2023, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com.

The results of the trading session contributed to over 4410560 shares changing hands. Over the past one week, the price volatility of Chewy Inc. stands at 5.98% while the volatility over the past one month is 5.05%.

The market cap for CHWY stock reached $15.65 billion, with 424.33 million shares outstanding and 86.41 million shares in the current float. Compared to the average trading volume of 4.35M shares, CHWY reached a trading volume of 4410560 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $45.74 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 2.30. 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.

Deutsche Bank have made an estimate for Chewy Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 23, 2023. While these analysts kept the previous recommendation, ROTH MKM raised their target price to Buy. The new note on the price target was released on March 10, 2023, representing the official price target for Chewy Inc. stock. Previously, the target price had yet another raise to $46, while Gordon Haskett analysts kept a Hold rating on CHWY stock.

The Average True Range (ATR) for Chewy Inc. is set at 2.18, with the Price to Sales ratio for CHWY stock in the period of the last 12 months amounting to 1.55. The Price to Book ratio for the last quarter was 71.08, with the Price to Cash per share for the same quarter was set at 1.54. Price to Free Cash Flow for CHWY in the course of the last twelve months was 131.15 with Quick ratio for the last quarter at 0.50.

How has CHWY stock performed recently?

Chewy Inc. [CHWY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.88. With this latest performance, CHWY shares dropped by -12.98% in over the last four-week period, additionally plugging by 10.89% over the last 6 months – not to mention a drop of -22.33% 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 38.07, with the RSI for the last a single of trading hit 37.82, and the three-weeks RSI is set at 39.89 for Chewy Inc. [CHWY]. The present Moving Average for the last 50 days of trading for this stock 41.96, while it was recorded at 35.24 for the last single week of trading, and 39.50 for the last 200 days.

Chewy Inc. [CHWY]: Deeper insight into the fundamentals

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 Total Capital for CHWY is now -18.17, given the latest momentum, and Return on Invested Capital for the company is -19.65. Return on Equity for this stock declined to -1,159.55, with Return on Assets sitting at -3.70. When it comes to the capital structure of this company, Chewy Inc. [CHWY] has a Total Debt to Total Equity ratio set at 2,947.84. Additionally, CHWY Total Debt to Total Capital is recorded at 96.72, with Total Debt to Total Assets ending up at 19.33. Long-Term Debt to Equity for the company is recorded at 2,783.44, with the Long-Term Debt to Total Capital now at 91.33.

Reflecting on the efficiency of the workforce at the company, Chewy Inc. [CHWY] managed to generate an average of -$3,466 per employee. Receivables Turnover for the company is 71.53 with a Total Asset Turnover recorded at a value of 4.46.Chewy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.90.

Insider trade positions for Chewy Inc. [CHWY]

There are presently around $14,357 million, or 99.60% of CHWY stock, in the hands of institutional investors. The top three institutional holders of CHWY stocks are: BC PARTNERS ADVISORS L.P. with ownership of 311,852,395, which is approximately 0% of the company’s market cap and around 2.30% of the total institutional ownership; MORGAN STANLEY, holding 20,287,240 shares of the stock with an approximate value of $697.48 million in CHWY stocks shares; and BAILLIE GIFFORD & CO, currently with $587.25 million in CHWY stock with ownership of nearly 2.758% of the company’s market capitalization.

191 institutional holders increased their position in Chewy Inc. [NYSE:CHWY] by around 8,629,741 shares. Additionally, 179 investors decreased positions by around 9,900,746 shares, while 65 investors held positions by with 399,069,796 shares. The mentioned changes placed institutional holdings at 417,600,283 shares, according to the latest SEC report filing. CHWY stock had 77 new institutional investments in for a total of 2,074,113 shares, while 46 institutional investors sold positions of 2,066,950 shares during the same period.