|Bid||33.51 x 800|
|Ask||33.65 x 1200|
|Day's range||32.94 - 35.70|
|52-week range||22.22 - 52.88|
|Beta (5Y monthly)||0.77|
|PE ratio (TTM)||1,291.92|
|Earnings date||30 May 2023 - 05 Jun 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||48.23|
This underperformance resulted from information in the company's report for the fourth quarter of 2022. To be clear, most of what happened to Chewy in 2022 was good, in my opinion. Shifting gears to what troubled the market this week, Chewy isn't gaining new customers.
Petco and Chewy tumbled this week after posting problematic earnings guidance. Other pet stocks are feeling the pressure.
Investors appear to be trying to come to grips with the Federal Reserve's adamant stance in fighting inflation, even if it means raising interest rates to levels that could have detrimental effects on the economic picture. Shares of Coinbase Global (NASDAQ: COIN) and Chewy (NYSE: CHWY) fell to begin the session, and shareholders need to understand what's happening with these businesses and what motivated the declines in their stock prices. Shareholders weren't happy to see that the company faces a new threat from the U.S. Securities and Exchange Commission (SEC) that could bring about something that many investors have feared for quite a while.