Does Chewy Inc (NYSE:CHWY) warrant a purchase right now? What to Consider Before Making a Decision

Chewy Inc (NYSE:CHWY) shares traded 0.23% higher at $26.53 on Wall Street last session.

CHWY stock price is now 25.58% away from the 50-day moving average and 38.58% away from the 200-day moving average. The market capitalization of the company currently stands at $11.56B.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"

Sponsored

On March 19, 2024, Mizuho recently initiated its ‘Neutral’ rating on the stock quoting a target price of $18, while ‘Barclays’ rates the stock as ‘Overweight’

In other news, Argos Holdings GP LLC, 10% Owner sold 1,338,262 shares of the company’s stock on Jul 01 ’24. The stock was sold for $40,572,911 at an average price of $30.32. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 27 ’24, 10% Owner Argos Holdings GP LLC sold 5,328,543 shares of the business’s stock. A total of $160,398,062 was realized by selling the stock at an average price of $30.10. A total of 71.39% of the company’s stock is owned by insiders.

During the past 12 months, Chewy Inc has had a low of $14.69 and a high of $39.46. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 1.07, and a quick ratio of 0.69. The fifty day moving average price for CHWY is $21.3562 and a two-hundred day moving average price translates $19.18475 for the stock.

The latest earnings results from Chewy Inc (NYSE: CHWY) was released for 2024-04-28. The net profit margin was 0.75% and return on equity was 18.22% for CHWY. The company reported revenue of $2.88 billion for the quarter, compared to $2.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.12 percent.

Related Posts