Chewy Inc (NYSE: CHWY): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Chewy to Open Its First Veterinary Practices with Launch of Chewy Vet Care.

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Stocks Info

CHWY belongs to the Consumer Cyclical sector of the NYSE while operating in the Internet Retail industry. At the end of the last regular session, the stock closed at $19.64 and fluctuated between $20.42 as its day high and $19.41 as its day low. The current market capitalization of Chewy Inc is $8.47B. A total of 6.47 million shares were traded on the day, compared to an average of 9.73M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CHWY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 34 SELLs from insiders. Insiders purchased 478,565 shares during that period but sold 29,665,786.

In the most recent transaction, Argos Holdings GP LLC sold 12,325,000 shares of CHWY for 20.29 per share on Jan 09. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Dec 14, STAR JAMES A bought 12,242 shares at 20.38 per share. CHWY shares that Director owns now total 141,790.

Among the insiders who bought shares, STAR JAMES A acquired of 15,353 shares on Dec 12 at a per-share price of $19.60. This resulted in the Director holding 129,548 shares of CHWY after the transaction. In another insider transaction, Bowman Stacy sold 11,423 shares at $18.24 per share on Oct 18. Company shares held by the Interim CFO & CAO now total 215,116.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CHWY has a high of $52.88 and a low of $16.53.

As of this writing, CHWY has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.04 per share and a lower estimate of -$0.1. The company reported an EPS of $0.04 in the last quarter, which was 180.00% higher than expectations of -$0.05.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CHWY’s latest balance sheet shows that the firm has $603.08M in Cash & Short Term Investments as of fiscal 2022. There were $410.17M in debt and $1.64B in liabilities at the time. Its Book Value Per Share was $0.91, while its Total Shareholder’s Equity was $14.74M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CHWY is Buy with a score of 4.13.

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