Chewy Inc [NYSE: CHWY] price surged by 3.03 percent to reach at $0.67.
The one-year CHWY stock forecast points to a potential upside of 8.8. The average equity rating for CHWY stock is currently 2.06, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $25.01 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 2.06. 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.
Mizuho have made an estimate for Chewy Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 19, 2024. While these analysts kept the previous recommendation, Barclays raised their target price from $19 to $30. The new note on the price target was released on January 11, 2024, representing the official price target for Chewy Inc stock. Previously, the target price had yet another drop from $40 to $36, while Goldman kept a Buy rating on CHWY stock.
The Average True Range (ATR) for Chewy Inc is set at 1.15, with the Price to Sales ratio for CHWY stock in the period of the last 12 months amounting to 0.88. The Price to Book ratio for the last quarter was 15.45, with the Price to Cash per share for the same quarter was set at 2.61. Price to Free Cash Flow for CHWY in the course of the last twelve months was 37.00 with Quick ratio for the last quarter at 0.69.
CHWY Stock Performance Analysis:
Chewy Inc [CHWY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.57. With this latest performance, CHWY shares gained by 34.41% in over the last four-week period, additionally plugging by 12.98% over the last 6 months – not to mention a drop of -43.71% 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 64.52, with the RSI for the last a single of trading hit 63.02, and the three-weeks RSI is set at 63.84 for Chewy Inc [CHWY]. The present Moving Average for the last 50 days of trading for this stock 17.99, while it was recorded at 22.69 for the last single week of trading, and 18.77 for the last 200 days.
Insight into Chewy Inc Fundamentals:
Chewy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.69 and a Current Ratio set at 1.07.
Chewy Inc [CHWY] Institutonal Ownership Details
The top three institutional holders of CHWY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CHWY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CHWY stock with ownership which is approximately 5.8386%.
