Chegg Inc (CHGG) concluded trading on Thursday at a closing price of $3.18, with 3.44 million shares of worth about $10.94 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -67.72% during that period and on August 01, 2024 the price saw a loss of about -6.74%. Currently the company’s common shares owned by public are about 102.82M shares, out of which, 97.03M shares are available for trading.
Stock saw a price change of -9.66% in past 5 days and over the past one month there was a price change of 10.03%. Year-to-date (YTD), CHGG shares are showing a performance of -72.01% which decreased to -69.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.53 but also hit the highest price of $13.11 during that period. The average intraday trading volume for Chegg Inc shares is 4.19 million. The stock is currently trading -0.78% below its 20-day simple moving average (SMA20), while that difference is down -3.88% for SMA50 and it goes to -56.54% lower than SMA200.
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Chegg Inc (NYSE: CHGG) currently have 102.82M outstanding shares and institutions hold larger chunk of about 97.86% of that.
The stock has a current market capitalization of $325.06M and its 3Y-monthly beta is at 1.35. It has posted earnings per share of -$0.40 in the same period. It has Quick Ratio of 0.92 while making debt-to-equity ratio of 0.64. 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 8.35% while standing at 7.24% over the month.
Stock’s fiscal year EPS is expected to drop by -7.15% while it is estimated to increase by 3.55% in next year. EPS is likely to grow at an annualized rate of 20.00% for next 5-years, compared to annual growth of -20.81% made by the stock over the past 5-years.
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 July 16, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $6.50 and $3.25 to it. Coverage by Jefferies stated Chegg Inc (CHGG) stock as an Underperform in their note to investors on April 30, 2024, suggesting a price target of $4 for the stock. On April 30, 2024, Craig Hallum Downgrade their recommendations, while on March 11, 2024, JP Morgan Resumed their ratings for the stock with a price target of $9. Stock get an Underweight rating from Piper Sandler on February 06, 2024.
