Chegg Inc (CHGG) concluded trading on Thursday at a closing price of $0.86, with 4.25 million shares of worth about $3.66 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -59.35% during that period and on March 06, 2025 the price saw a loss of about -9.72%. Currently the company’s common shares owned by public are about 104.88M shares, out of which, 97.42M shares are available for trading.
Stock saw a price change of -11.24% in past 5 days and over the past one month there was a price change of -42.44%. Year-to-date (YTD), CHGG shares are showing a performance of -46.73% which decreased to -90.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.93 but also hit the highest price of $8.41 during that period. The average intraday trading volume for Chegg Inc shares is 3.41 million. The stock is currently trading -32.39% below its 20-day simple moving average (SMA20), while that difference is down -41.32% for SMA50 and it goes to -60.68% lower than SMA200.
Chegg Inc (NYSE: CHGG) currently have 104.88M outstanding shares and institutions hold larger chunk of about 77.16% of that.
The stock has a current market capitalization of $90.15M and its 3Y-monthly beta is at 1.69. It has posted earnings per share of -$8.13 in the same period. It has Quick Ratio of 0.83 while making debt-to-equity ratio of 2.61. 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 12.06% while standing at 10.49% over the month.
Stock’s fiscal year EPS is expected to drop by -88.00% while it is estimated to decrease by -100.00% in next year.
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.
