$CHWY - RC -
Added 2023-12-13 08:36:42 +0000 UTC$CHWY is fighting for its survival on its All Time Low line here and well below its IPO price from 2019. There is a little bit of hope as a double bottom here on the bottom blue line and bulls needs to see some strength now with a series of higher highs and higher lows next to get out of this situation.
I have looked at the fundamentals and the big red flags are the HIGH PE RATIOS and FWD PE RATIOS, with almost zero margins.....they are just about profitable on $11 Billion sales.....they need to improve their net margins for the market to get confident about $CHWY again....a few positive earnings in a row will help this.
