In yesterday’s Wall Street session, Chewy Inc (NYSE:CHWY) shares traded at $26.67, down -2.20% from the previous session.
CHWY stock price is now 6.56% away from the 50-day moving average and 32.79% away from the 200-day moving average. The market capitalization of the company currently stands at $11.63B.
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
, while ‘Mizuho’ rates the stock as ‘Neutral’
In other news, Bowman Stacy, sold 647 shares of the company’s stock on Aug 02 ’24. The stock was sold for $14,389 at an average price of $22.24. Upon completion of the transaction, the now directly owns 245,561 shares in the company, valued at $6.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02 ’24, Chief Technology Officer Mehta Satish sold 2,894 shares of the business’s stock. A total of $64,360 was realized by selling the stock at an average price of $22.24. This leaves the insider owning 573,463 shares of the company worth $15.29 million. A total of 71.43% 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 $39.10. 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 $25.1054 and a two-hundred day moving average price translates $20.1226 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.
