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Chewy Stock Hits A New All-Time Low: What's Going On?

Author: Henry Khederian | March 25, 2024 01:07pm

Chewy Inc (NYSE:CHWY) shares are trading lower by 5.8% to $15.66 Monday afternoon. The stock is falling after the company last week issued first-quarter net sales guidance below estimates.

Chewy’s fourth-quarter earnings showcased positive growth, with net sales reaching $2.83 billion, marking a 4.2% increase compared to the previous year. This figure surpassed the Street consensus estimate of $2.79 billion. Additionally, the company reported adjusted earnings per share of 18 cents, surpassing expectations of a loss of 4 cents per share.

For the entire fiscal year, Chewy’s net sales amounted to $11.15 billion, reflecting a 10.2% year-over-year increase…Read More

See Also: Apple Analysts Unmoved By Antitrust Lawsuit: ‘Unmatched Brand Strength’

Should I Sell My CHWY Stock?

When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.

Shares of Chewy have decreased by 55.16% in the past year. An investor who bought shares of Chewy at the beginning of the year would take a loss of $6.94 per share if they sold it today. The stock has fallen 7.14% over the past month, meaning an investor who bought shares on Feb. 1 would see a capital loss of $2.41.

Chewy shares have an all-time high of $95.7, representing 520.82% upside from current levels.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Chewy stock currently has an RSI of 39.64, indicating neutral conditions.

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CHWY has a 52-week high of $40.78 and a 52-week low of $15.23.

Posted In: CHWY

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