Chewy Inc (NYSE:CHWY) Shares Rebounded 43.74% From Their Lows – But Can They Continue?

In recent trading session, Chewy Inc (NYSE:CHWY) saw 1.56 million shares changing hands at last check today with its beta currently measuring 1.02. Company’s recent per share price level of $26.11 trading at $0.55 or 2.13% at last check today assigns it a market valuation of $11.38B. That most recent trading price of CHWY’s stock is at a discount of -49.75% from its 52-week high price of $39.10 and is indicating a premium of 43.74% from its 52-week low price of $14.69. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.14 million shares which gives us an average trading volume of 11.40 million if we extend that period to 3-months.

For Chewy Inc (CHWY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.19. Splitting up the data highlights that, out of 18 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 14 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.03 in the current quarter.

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Chewy Inc (NYSE:CHWY) trade information

Upright in the green today for gaining 2.13%, in the last five days CHWY remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $26.11 price level, adding 1.43% to its value on the day. Chewy Inc’s shares saw a change of 10.48% in year-to-date performance and have moved 10.15% in past 5-day. Chewy Inc (NYSE:CHWY) showed a performance of -2.66% in past 30-days. Number of shares sold short was 14.8 million shares which calculate 1.54 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 31 to the stock, which implies a rise of 15.77% to its recent value today. Analysts have been projecting 19 as a low price target for the stock while placing it at a high target of 133. It follows that stock’s current price would jump 27.23% in reaching the projected high whereas dropping to the targeted low would mean a gain of 27.23% for stock’s current value.

Chewy Inc (CHWY) estimates and forecasts

Statistics highlight that Chewy Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 49.69% of value to its shares in past 6 months, showing an annual growth rate of 39.13% while that of industry is 13.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 5.50% from the last financial year’s standing.

22 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.86B for the same. And 22 analysts are in estimates of company making revenue of 2.86B in the next quarter.

Chewy Inc (NYSE:CHWY)’s Major holders

Insiders are in possession of 11.73% of company’s total shares while institution are holding 81.57 percent of that, with stock having share float percentage of 92.40%. Investors also watch the number of corporate investors in a company very closely, which is 81.57% institutions for Chewy Inc that are currently holding shares of the company. BAILLIE GIFFORD & CO is the top institutional holder at CHWY for having 19.82 million shares of worth $315.32 million. And as of 2024-03-31, it was holding 4.592 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 10.48 million shares on 2024-03-31. The number of shares represents firm’s hold over 2.4282 of outstanding shares, having a total worth of $166.74 million.

On the other hand, Vanguard U.S. Growth Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of May 31, 2024, the former fund manager was holding 3.74 shares of worth $97.74 million or 2.73% of the total outstanding shares. The later fund manager was in possession of 3.66 shares on Mar 31, 2024, making its stake of worth around $95.71 million in the company or a holder of 2.67% of company’s stock.