Chewy’s Stock Plunges Amid Market Turmoil

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Chewy Intrinsic Value – Chewy($NYSE:CHWY)’s stock has been taking a beating this year, down close to 40% at one point. This is not too surprising given the market conditions this year. Chewy is a high-growth tech company and e-commerce companies have been struggling this year. The macroeconomic conditions have been challenging and investors have been less willing to put money into these types of companies. Chewy is still a favorite of many on Wall Street, but it has lost some of its luster this year.

Stock Price

On Wednesday, CHEWY stock opened at $35.1 and closed at $35.8, up by 3.1% from previous closing price of 34.7. CHEWY is an online pet food and supplies retailer that has been benefiting from the increased demand for pet products during the pandemic. However, the company’s stock price has been volatile in recent months. Investors are concerned about the company’s ability to maintain its growth momentum in the long term.

VI Analysis – Chewy Intrinsic Value

Company’s fundamentals are important in determining its long term potential. VI’s app makes it easy to analyze a company’s financials and identify key indicators. Based on our analysis, CHEWY’s fair value is around $69.3 per share. The stock is currently trading at $35.8, which means it is undervalued by 48%.

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Summary

However, the stock price rebounded the next day. Investors may be concerned about Chewy’s short-term prospects, given the current market conditions. However, the company’s long-term prospects remain strong. Chewy is a well-established player in the online pet food and supplies market, and has a loyal customer base. The company is also investing heavily in its business, including in new fulfillment centers and in marketing. These investments should help Chewy continue to grow its market share and sales. Given Chewy’s strong long-term prospects, investors may want to consider buying the stock on any dips.