Chegg Inc (CHGG) concluded trading on 12/14/23 at a closing price of $11.07, with 4.56 million shares of worth about $50.51 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.32% during that period and on Thursday the price saw a gain of about 0.82%. Currently the company’s common shares owned by public are about 126.47M shares, out of which, 111.76M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 78 times over the past 12 months. They bought 791,053 shares in 20 of the transactions. In 58 selling transactions, insiders dumped 216,493 shares.
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Stock saw a price change of 2.03% in past 5 days and over the past one month there was a price change of 24.52%. Year-to-date (YTD), CHGG shares are showing a performance of -56.19% which decreased to -60.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.32 but also hit the highest price of $28.99 during that period. The average intraday trading volume for Chegg Inc shares is 2.40 million. The stock is currently trading 7.01% above its 20-day simple moving average (SMA20), while that difference is up 20.82% for SMA50 and it goes to 0.10% higher than SMA200.
Chegg Inc (NYSE: CHGG) currently have 126.47M outstanding shares and institutions hold larger chunk of about 88.03% of that.
The stock has a current market capitalization of $1.28B and its 3Y-monthly beta is at 1.38. It has posted earnings per share of -$0.24 in the same period. It has Quick Ratio of 2.31 while making debt-to-equity ratio of 0.60. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CHGG, volatility over the week remained 3.88% while standing at 4.65% over the month.
Analysts are in expectations that Chegg Inc (CHGG) stock would likely to be making an EPS of $CHRG in the current quarter, while forecast for next quarter EPS is $25.10 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Chemung Financial Corp which is $The Energy & Minerals Group EV, at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $CHINA CARBON GRAPHITE GROUP INC in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -10.03% while it is estimated to increase by 3.24% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on November 20, 2023 offering an Underweight rating for the stock and assigned a target price range of between $10 and $9 to it.
