Currently, there are 102.82M common shares owned by the public and among those 97.03M shares have been available to trade.
The company’s stock has a 5-day price change of -6.35% and -61.22% over the past three months. CHGG shares are trading -75.35% year to date (YTD), with the 12-month market performance down to -68.85% lower. It has a 12-month low price of $2.53 and touched a high of $13.11 over the same period. CHGG has an average intraday trading volume of 4.07 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.73%, -29.88%, and -64.01% respectively.
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Institutional ownership of Chegg Inc (NYSE: CHGG) shares accounts for 92.72% of the company’s 102.82M shares outstanding.
It has a market capitalization of $286.22M and a beta (3y monthly) value of 1.34. The earnings-per-share (ttm) stands at -$0.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.25% over the week and 7.88% over the month.
Earnings per share for the fiscal year are expected to decrease by -7.34%, and 5.46% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to -20.81% over the past 5-year period.
Looking at the support for the CHGG, a number of firms have released research notes about the stock. Jefferies stated their Underperform rating for the stock in a research note on April 30, 2024, with the firm’s price target at $7-$4. Craig Hallum coverage for the Chegg Inc (CHGG) stock in a research note released on April 30, 2024 offered a Hold rating with a price target of $7. JP Morgan was of a view on March 11, 2024 that the stock is Neutral, while Piper Sandler gave the stock Underweight rating on February 06, 2024, issuing a price target of $9- $8.50. Goldman on their part issued Sell rating on January 19, 2024.
