CHWY Stock Summary and Trading Ideas (Chewy Class A | NYSE:CHWY)

Chewy is the largest e-commerce pet care retailer in the US, generating $11.2 billion in 2023 sales across pet food, treats, hard goods, and pharmacy categories. The firm was founded in 2011, acquired by PetSmart in 2017, and tapped public markets as a stand-alone company in 2019 after spending a couple of years developing under the aegis of the pet superstore chain. The firm generates sales from pet food, treats, over-the-counter medications, medical prescription fulfillment, and hard goods, like crates, leashes, and bowls.

Chewy Class A trades on the NYSE stock market under the symbol CHWY.

As of May 6, 2024, CHWY stock price climbed to $16.22 with 1,402,923 million shares trading.

CHWY has a beta of 1.62, meaning it tends to be more sensitive to market movements. CHWY has a correlation of 0.15 to the broad based SPY ETF.

CHWY has a market cap of $7.05 billion. This is considered a Mid Cap stock.

Last quarter Chewy Class A reported $3 billion in Revenue and $.18 earnings per share. This beat revenue expectation by $60 million and exceeded earnings estimates by $.22.

In the last 3 years, CHWY stock traded as high as $97.74 and as low as $14.69.

The top ETF exchange traded funds that CHWY belongs to (by Net Assets): VTI, VB, VBK, VXF, SCHA.

CHWY has underperformed the market in the last year with a price return of -49.4% while the SPY ETF gained +27.6%. CHWY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.0% and +0.4%, respectively, while the SPY returned +4.3% and +3.8%, respectively.

CHWY support price is $15.33 and resistance is $16.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHWY stock will trade within this expected range on the day.