Chegg Inc (CHGG) concluded trading on Tuesday at a closing price of $1.61, with 3.79 million shares of worth about $6.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -44.29% during that period and on December 31, 2024 the price saw a gain of about 5.23%. Currently the company’s common shares owned by public are about 103.97M shares, out of which, 98.59M shares are available for trading.
Stock saw a price change of -2.42% in past 5 days and over the past one month there was a price change of -23.70%. Year-to-date (YTD), CHGG shares are showing a performance of -85.83% which decreased to -85.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.34 but also hit the highest price of $11.47 during that period. The average intraday trading volume for Chegg Inc shares is 4.03 million. The stock is currently trading -22.26% below its 20-day simple moving average (SMA20), while that difference is down -15.65% for SMA50 and it goes to -51.01% lower than SMA200.
Chegg Inc (NYSE: CHGG) currently have 103.97M outstanding shares and institutions hold larger chunk of about 80.42% of that.
The stock has a current market capitalization of $176.71M and its 3Y-monthly beta is at 1.40. It has posted earnings per share of -$8.19 in the same period. It has Quick Ratio of 0.91 while making debt-to-equity ratio of 3.38. 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 6.22% while standing at 8.97% over the month.
Stock’s fiscal year EPS is expected to drop by -29.29% while it is estimated to decrease by -14.83% in next year. EPS is likely to grow at an annualized rate of 30.00% 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.
