In the last trading session, 4.36 million Chewy Inc (NYSE:CHWY) shares changed hands as the company’s beta touched 1.04. With the company’s per share price at $26.67 changed hands at -$0.6 or -2.20% during last session, the market valuation stood at $11.63B. CHWY’s last price was a discount, traded about -46.61% off its 52-week high of $39.10. The share price had its 52-week low at $14.69, which suggests the last value was 44.92% up since then. When we look at Chewy Inc’s average trading volume, we note the 10-day average is 4.02 million shares, with the 3-month average coming to 11.23 million.
Analysts gave the Chewy Inc (CHWY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.19. If we narrow down to specifics, the data shows that 0 out of 18 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended CHWY as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight. Chewy Inc’s EPS for the current quarter is expected to be 0.01.
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Chewy Inc (NYSE:CHWY) trade information
Instantly CHWY was in red as seen at the end of in last trading. With action 8.02%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 12.87%, with the 5-day performance at 8.02% in the green. However, in the 30-day time frame, Chewy Inc (NYSE:CHWY) is 6.38% up. Looking at the short shares, we see there were 14.8 million shares sold at short interest cover period of 1.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is 30, meaning bulls need an upside of 11.1% from its current market value. According to analyst projections, CHWY’s forecast low is 19 with 121 as the target high. To hit the forecast high, the stock’s price needs a -353.69% plunge from its current level, while the stock would need to tank 28.76% for it to hit the projected low.
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 61.64% over the past 6 months, a 39.13% in annual growth rate that is considerably higher than the industry average of 12.00%. Year-over-year growth is forecast to reach 5.70% 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 2.86B. 22 analysts are of the opinion that Chewy Inc’s revenue for the current quarter will be 2.86B.
The 2024 estimates are for Chewy Inc earnings to increase by 133.98%.
CHWY Dividends
Chewy Inc is expected to release its next quarterly earnings report in September.
Chewy Inc (NYSE:CHWY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.73% of Chewy Inc shares while 83.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.48%. There are 83.40% institutions holding the Chewy Inc stock share, with BAILLIE GIFFORD & CO the top institutional holder. As of 2024-03-31, the company held 4.592% of the shares, roughly 19.82 million CHWY shares worth $315.32 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 2.4282% or 10.48 million shares worth $166.74 million as of 2024-03-31.
