Things To Consider Before Buying Chuy’s Holdings Inc (NASDAQ: CHUY)

Chuy’s Holdings Inc (NASDAQ:CHUY) shares, rose in value on Friday, July 19, with the stock price down by -0.54% to the previous day’s close as strong demand from buyers drove the stock to $37.14.

Actively observing the price movement in the recent trading, the stock is buoying the session at $37.34. The PE ratio was 21.90 over 12-month period. Referring to stock’s 52-week performance, its high was $42.89, and the low was $22.52. On the whole, CHUY has fluctuated by 46.68% over the past month.

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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CHUY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 1.46, with the price of CHUY currently trading nearly 45.63% and 40.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 84.75, while the 7-day volatility ratio is showing 2.52% which for the 30-day chart, stands at 2.61%. Furthermore, Chuy’s Holdings Inc (CHUY)’s beta value is 1.77, and its average true range (ATR) is 1.47.

A comparison of Chuy’s Holdings Inc (CHUY) with its peers suggests the former has fared considerably weaker in the market. CHUY showed an intraday change of -0.54% in today’s session so far, and over the past year, it shrunk by -10.44%%.

Data on historical trading for Chuy’s Holdings Inc (NASDAQ:CHUY) indicates that the trading volumes over the past 3 months, they’ve averaged 214.60K. According to company’s latest data on outstanding shares, there are 17.34 million shares outstanding.

Nearly 1.75% of Chuy’s Holdings Inc’s shares belong to company insiders and institutional investors own 104.50% of the company’s shares. The stock has fallen by -2.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CHUY stock heading into the next quarter.

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