Currently, there are 103.97M common shares owned by the public and among those 98.59M shares have been available to trade.
The company’s stock has a 5-day price change of -15.25% and -2.60% over the past three months. CHGG shares are trading -6.83% year to date (YTD), with the 12-month market performance down to -86.20% lower. It has a 12-month low price of $1.34 and touched a high of $11.25 over the same period. CHGG has an average intraday trading volume of 3.88 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 -15.21%, -21.59%, and -50.72% respectively.
Institutional ownership of Chegg Inc (NYSE: CHGG) shares accounts for 80.61% of the company’s 103.97M shares outstanding.
It has a market capitalization of $156.46M and a beta (3y monthly) value of 1.40. The earnings-per-share (ttm) stands at -$8.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.42% over the week and 8.56% over the month.
Earnings per share for the fiscal year are expected to decrease by -29.29%, and -14.83% over the next financial year. EPS should grow at an annualized rate of 30.00% 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. Morgan Stanley stated their Underweight rating for the stock in a research note on Jan-15-25, with the firm’s price target at $2-$1.25. Morgan Stanley was of a view on July 16, 2024 that the stock is Equal-Weight, while Jefferies gave the stock Underperform rating on April 30, 2024, issuing a price target of $7- $4. Craig Hallum on their part issued Hold rating on April 30, 2024.
