Why Is Chewy Inc. (NYSE: CHWY) Falling? – Stocks Register
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Why Is Chewy Inc. (NYSE: CHWY) Falling?

Chewy Inc. (NYSE:CHWY) traded at $74.40 at close of the session on Friday, 11/05/21, made a downward move of -6.56% on its previous day’s price.

Looking at the stock we see that its previous close was $79.62 and the beta (5Y monthly) reads 0.08 with the day’s price range being $73.92 – $79.16. The company has a trailing 12-month PE ratio of 3542.86. In terms of its 52-week price range, CHWY has a high of $120.00 and a low of $55.81. The company’s stock has gained about 14.83% over that past 30 days.


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Chewy Inc. has a market cap of $33.26 billion and is expected to release its quarterly earnings report on Dec 06, 2021 – Dec 10, 2021. Estimates by analysts give the company expected earnings per share (EPS) of -$0.04, with the EPS growth for the year raised at $0.07 for 2022 and $0.32 for next year. These figures represent 130.40% and 357.10% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2.21 billion, with a low of $2.2 billion and a high of $2.24 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $9.06 billion, or 26.70% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CHWY stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 23 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 9 have rated the Chewy Inc. (CHWY) stock as a Hold, while 12 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the CHWY stock currently stands at 1771.43, and the current price level is 9.62% off its SMA20 and 3.36% from its 50-day simple moving average. The RSI (14) is pointing at 57.08 while the volatility over the past week is 5.36% and jumps to 4.54% over the past one month. The average price target for the stock over the next 12 months is $95.78, with the estimates having a low of $71.00 and a high of $133.00. These price ends are 4.57% and -78.76% off the current price level respectively, although investors could be excited at the prospect of a -24.33% if the CHWY share price touches on the median price of $92.50.

Coming back to Chewy Inc. (NYSE:CHWY), we note that the average 3-month trading volume was 3.15 million, while that of the preceding 10-day period stands at 3.93 million. Current shares outstanding are 416.67 million.

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The insiders hold 4.60% of the company’s shares while institutions hold 81.20%. The data shows that short shares as of Jun 14, 2021, stood at 14.48 million at a short ratio of 3.67. This represents a 3.49% short interest in shares outstanding on Jun 14, 2021. Shares short fall in June from the previous month at 15.91 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -17.23% down in year-to-date price movement.

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