What Are The Chances Of Chewy Inc (NYSE: CHWY) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Chewy Announces Fiscal Fourth Quarter and Full Year 2023 Financial Results Conference Call.

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Stocks Info

As a NYSE listed company, CHWY falls under the Consumer Cyclical sector while operating within the Internet Retail industry segment. At the end of the last regular session, the stock closed at $16.93 and fluctuated between $17.41 as its day high and $16.87 as its day low. The current market capitalization of Chewy Inc is $7.52B. A total of 5.43 million shares were traded on the day, compared to an average of 10.41M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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 29 SELLs from insiders. Insiders purchased 478,565 shares during that period but sold 29,562,481.

In the most recent transaction, Singh Sumit sold 192,642 shares of CHWY for 17.70 per share on Feb 02. After the transaction, the Chief Executive Officer now owns 1,307,025 company shares. In a previous transaction on Feb 02, Mehta Satish sold 40,523 shares at 17.70 per share. CHWY shares that Chief Technology Officer owns now total 557,058.

Among the insiders who sold shares, Singh Sumit disposed of 3,457 shares on Feb 02 at a per-share price of $17.70. This resulted in the Chief Executive Officer holding 108,112 shares of CHWY after the transaction. In another insider transaction, Bowman Stacy sold 1,120 shares at $17.70 per share on Feb 02. Company shares held by the Interim CFO & CAO now total 217,742.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CHWY in the last 3 months, the mean price target is $25.42 with high estimates of $36.00 and low estimates of $17.00. In terms of 52-week highs and lows, CHWY has a high of $42.13 and a low of $15.78.

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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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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