Chegg Inc (CHGG) concluded trading on Thursday at a closing price of $1.53, with 4.67 million shares of worth about $7.14 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -55.00% during that period and on January 30, 2025 the price saw a loss of about -11.56%. Currently the company’s common shares owned by public are about 103.97M shares, out of which, 96.59M shares are available for trading.
Stock saw a price change of 4.08% in past 5 days and over the past one month there was a price change of -3.16%. Year-to-date (YTD), CHGG shares are showing a performance of -4.97% which decreased to -84.94% 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 $10.29 during that period. The average intraday trading volume for Chegg Inc shares is 3.68 million. The stock is currently trading -4.29% below its 20-day simple moving average (SMA20), while that difference is down -18.38% for SMA50 and it goes to -43.90% lower than SMA200.
Chegg Inc (NYSE: CHGG) currently have 103.97M outstanding shares and institutions hold larger chunk of about 80.21% of that.
The stock has a current market capitalization of $159.59M and its 3Y-monthly beta is at 1.41. 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 10.03% while standing at 8.28% over the month.
Stock’s fiscal year EPS is expected to drop by -29.55% while it is estimated to decrease by -19.07% in next year. EPS is likely to shrink at an annualized rate of -22.89% 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 January 14, 2025 offering an Underweight rating for the stock and assigned a target price range of between $2 and $1.25 to it. On July 16, 2024, Morgan Stanley Upgrade their recommendations, while on April 30, 2024, Jefferies Downgrade their ratings for the stock with a price target of $4. Stock get a Hold rating from Craig Hallum on April 30, 2024.
