why Chewy Inc [CHWY] is a Good Choice for Investors After New Price Target of $30.68

Chewy Inc [NYSE: CHWY] traded at a low on Friday, posting a -0.52 loss after which it closed the day’ session at $28.55.

The results of the trading session contributed to over 6514112 shares changing hands. Over the past one week, the price volatility of Chewy Inc stands at 7.44% while the volatility over the past one month is 5.79%.

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The market cap for CHWY stock reached $11.95 billion, with 132.91 million shares outstanding and 130.73 million shares in the current float. Compared to the average trading volume of 10.45M shares, CHWY reached a trading volume of 6514112 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 $30.68 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 2.19. 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.

Piper Sandler have made an estimate for Chewy Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on August 23, 2024. The new note on the price target was released on August 21, 2024, representing the official price target for Chewy Inc stock.

The Average True Range (ATR) for Chewy Inc is set at 1.54, with the Price to Sales ratio for CHWY stock in the period of the last 12 months amounting to 1.06. The Price to Book ratio for the last quarter was 24.49, with the Price to Cash per share for the same quarter was set at 1.66. Price to Free Cash Flow for CHWY in the course of the last twelve months was 46.10 with Quick ratio for the last quarter at 0.46.

How has CHWY stock performed recently?

Chewy Inc [CHWY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.93. With this latest performance, CHWY shares gained by 22.80% in over the last four-week period, additionally plugging by 58.35% over the last 6 months – not to mention a rise of 4.46% 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 64.84, with the RSI for the last a single of trading hit 68.83, and the three-weeks RSI is set at 62.20 for Chewy Inc [CHWY]. The present Moving Average for the last 50 days of trading for this stock 25.71, while it was recorded at 27.53 for the last single week of trading, and 20.40 for the last 200 days.

Chewy Inc [CHWY]: Deeper insight into the fundamentals

Chewy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.46 and a Current Ratio set at 0.85.

Earnings analysis for Chewy Inc [CHWY]

With the latest financial reports released by the company, Chewy Inc posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.03. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CHWY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Chewy Inc go to 63.15%.

Insider trade positions for Chewy Inc [CHWY]

There are presently around $79.35%, or 89.33%% 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 275.98 million shares, which is approximately 63.4633%. BAILLIE GIFFORD & CO, holding 19.33 million shares of the stock with an approximate value of $$526.63 million in CHWY stocks shares; and BAILLIE GIFFORD & CO, currently with $$279.8 million in CHWY stock with ownership which is approximately 2.362%.

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