Shares Of Chewy Inc (NYSE: CHWY): Are They Overvalued Compared To Others?

Chewy Inc (NYSE:CHWY) shares, rose in value on Thursday, November 21, with the stock price up by 3.61% to the previous day’s close as strong demand from buyers drove the stock to $35.87.

Actively observing the price movement in the last trading, the stock closed the session at $34.62, falling within a range of $34.64 and $35.87. The value of beta (5-year monthly) was 1.064 whereas the PE ratio was 43.10 over 12-month period. Referring to stock’s 52-week performance, its high was $39.10, and the low was $14.69. On the whole, CHWY has fluctuated by 30.63% over the past month.

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With the market capitalization of Chewy Inc currently standing at about $14.63 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.76B, with a low estimate of 2.83B and a high estimate of 2.89B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.86B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CHWY’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 1.07, with the price of CHWY currently trading nearly 17.83% and 20.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.57, while the 7-day volatility ratio is showing 3.51% which for the 30-day chart, stands at 3.74%. Furthermore, Chewy Inc (CHWY)’s beta value is 1.11, and its average true range (ATR) is 1.32.

A comparison of Chewy Inc (CHWY) with its peers suggests the former has fared considerably weaker in the market. CHWY showed an intraday change of 3.61% in last session, and over the past year, it grew by 73.29%%.

Data on historical trading for Chewy Inc (NYSE:CHWY) indicates that the trading volumes over the past 10 days have averaged 4.56 and over the past 3 months, they’ve averaged 6.39 million. According to company’s latest data on outstanding shares, there are 132.91 million shares outstanding.

Nearly 68.18% of Chewy Inc’s shares belong to company insiders and institutional investors own 32.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.09 million shares as on 2024-10-31, resulting in a short ratio of 2.3. According to the data, the short interest in Chewy Inc (CHWY) stood at 722.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 13.5 million. The stock has risen by 51.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CHWY stock heading into the next quarter.

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