Chegg Inc (CHGG) concluded trading on Wednesday at a closing price of $1.66, with 5.63 million shares of worth about $9.34 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -69.14% during that period and on October 30, 2024 the price saw a loss of about -7.78%. Currently the company’s common shares owned by public are about 102.82M shares, out of which, 98.51M shares are available for trading.
Stock saw a price change of 1.22% in past 5 days and over the past one month there was a price change of -8.79%. Year-to-date (YTD), CHGG shares are showing a performance of -85.39% which decreased to -81.29% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.48 but also hit the highest price of $11.48 during that period. The average intraday trading volume for Chegg Inc shares is 3.87 million. The stock is currently trading 2.85% above its 20-day simple moving average (SMA20), while that difference is down -7.84% for SMA50 and it goes to -65.24% lower than SMA200.
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Chegg Inc (NYSE: CHGG) currently have 102.82M outstanding shares and institutions hold larger chunk of about 91.43% of that.
The stock has a current market capitalization of $172.10M and its 3Y-monthly beta is at 1.31. It has posted earnings per share of -$6.30 in the same period. It has Quick Ratio of 0.89 while making debt-to-equity ratio of 1.69. 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 9.08% while standing at 7.93% over the month.
Stock’s fiscal year EPS is expected to drop by -23.15% while it is estimated to increase by 15.47% in next year. EPS is likely to grow at an annualized rate of 22.50% for next 5-years, compared to annual growth of -20.81% made by the stock over the past 5-years.
Coverage by Morgan Stanley stated Chegg Inc (CHGG) stock as an Equal-weight in their note to investors on July 16, 2024, suggesting a price target of $3.25 for the stock. On April 30, 2024, Jefferies Downgrade their recommendations, while on April 30, 2024, Craig Hallum Downgrade their ratings for the stock with a price target of $7. Stock get a Neutral rating from JP Morgan on March 11, 2024.
