Chegg Inc (NYSE:CHGG) currently has a daily average trading volume of 3.85M but it saw 2590355 shares traded in last market. With a market cap of 167.95M USD, the company’s current market price of $1.62 came falling about -1.22 while comparing to the previous closing price of $1.64. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.48 and as low as $1.48. In the recent trading on the day, stock has struck highest price mark of $1.57 while lowest mark touched by it was $1.67.
Taking a look at 20-day trading activity of Chegg Inc (CHGG) gives us an average price of $1.6275, while its current price level is -85.89% below from 52-week high level whereas it is 9.46% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.8342 while that of 200 days or SMA-200 reads an average of $4.9598. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.80% during that period while stretching the period over a month that decreases to 7.38%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.08 which implies that the stock is in neutral territory.
Morgan Stanley upgraded its recommendation for the stock as a “Equal-Weight” from “Underweight” on July 16, 2024 while assigning a price target range of $6.50-$3.25. Jefferies issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $7 and $4.
Over the week, CHGG’s stock price is moving 5.88% up while it is -0.61% when we observe its performance for the past one month. Year-to-date it is -85.74% down and over the past year, the stock is showing a downside performance of -80.43%.
Currently, Chegg Inc’s total number of outstanding shares is 102.82M. Company’s return on investment (ROI) stands at -100.44% and return on equity (ROE) at -89.53%. It has a 1.65 of forward P/E ratio. Stock’s beta reads 1.31. Stock has a price to book (P/B) ratio of 0.46 while price to sale or P/S ratio amounts to 0.25. Its return on asset (ROA) is -40.67% on average.
