Chewy Inc (NYSE: CHWY) Could See A Rise In Prices Shortly.

In today’s recent session, 0.57 million shares of the Chewy Inc (NYSE:CHWY) have been traded, and its beta is 1.04. Most recently the company’s share price was $22.64, and it changed around $0.28 or 1.25% from the last close, which brings the market valuation of the company to $9.87B. CHWY at last check was trading at a discount to its 52-week high of $39.10, offering almost -72.7% off that amount. The share price’s 52-week low was $14.69, which indicates that the recent value has risen by an impressive 35.11% since then. We note from Chewy Inc’s average daily trading volume that its 10-day average is 4.69 million shares, with the 3-month average coming to 11.86 million.

Chewy Inc (NYSE:CHWY) trade information

Instantly CHWY has been showing a green trend so far today with a performance of 1.25% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 25.20 on recent trading dayincreased the stock’s daily price by 10.16%. The company’s shares are currently down -4.19% year-to-date, but still down -8.75% over the last five days. On the other hand, Chewy Inc (NYSE:CHWY) is -8.71% down in the 30-day period. We can see from the shorts that 17.1 million shares have been sold at a short interest cover period of 0.88 day(s).

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The consensus price target as assigned by Wall Street analysts is $31, which translates to bulls needing to increase their stock price by 26.97% from its current value. Analyst projections state that CHWY is forecast to be at a low of $19 and a high of $133.

Chewy Inc (CHWY) estimates and forecasts

Chewy Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 33.73 percent over the past six months and at a 39.13% annual growth rate that is well above the industry average of 18.50%. The year-over-year growth rate is expected to be 5.50%, up from the previous year.

Consensus estimates provided by 22 financial analysts predict the company will bring in an average of 2.86B in revenue for the current quarter. 22 analysts expect Chewy Inc to make 2.86B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were nan and nan respectively. Forecasts for the next quarter put sales growth at nan.

CHWY Dividends

Chewy Inc’s next quarterly earnings report is expected to be released on 2024-Aug-28.

Chewy Inc (NYSE:CHWY)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 11.74% of Chewy Inc shares, and 78.49% of them are in the hands of institutional investors. The stock currently has a share float of 88.93%. Chewy Inc stock is held by 484.0 institutions, with BAILLIE GIFFORD & CO being the largest institutional investor. By 2024-03-31, it held 4.592% of the shares, which is about 19.82 million shares worth $315.32 million.

VANGUARD GROUP INC, with 2.4282% or 10.48 million shares worth $166.74 million as of 2024-03-31, holds the second largest percentage of outstanding shares.