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Chewy Inc (NYSE: CHWY)’s Stock Performance and Outlook

In the latest trading session, 1.81 million Chewy Inc (NYSE:CHWY) shares changed hands as the company’s beta touched 0.92. With the company’s most recent per share price at $16.78 changed hands at -$0.75 or -4.28% at last look, the market valuation stands at $7.24B. CHWY’s current price is a discount, trading about -195.23% off its 52-week high of $49.54. The share price had its 52-week low at $16.53, which suggests the last value was 1.49% up since then. When we look at Chewy Inc’s average trading volume, we note the 10-day average is 7.74 million shares, with the 3-month average coming to 1.15.

Chewy Inc (NYSE:CHWY) trade information

Instantly CHWY was in red as seen in intraday trades today. With action -2.04%, the performance over the past five days has been red. The drop to weekly highs of 17.88 subtracted -4.28% to the stock’s daily price. The company’s shares are showing year-to-date downside of -28.99%, with the 5-day performance at -2.04% in the red. However, in the 30-day time frame, Chewy Inc (NYSE:CHWY) is -12.33% down. Looking at the short shares, we see there were 20.54 million shares sold at short interest cover period of 2.31 days.

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Chewy Inc (CHWY) estimates and forecasts

Data shows that the Chewy Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -44.47% over the past 6 months, a 11.32% in annual growth rate that is considerably higher than the industry average of 4.20%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Chewy Inc will fall -500.00%, while the growth in revenue is estimated to hit 20.00% for the next quarter. Year-over-year growth is forecast to reach 9.90% up from the last financial year.

Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of $2.77 billion. 18 analysts are of the opinion that Chewy Inc’s revenue for the quarter ending Apr 2024 will be $2.88 billion. The company’s revenue for the corresponding quarters a year ago was $2.71 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.20%.

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