Chegg Inc (NYSE:CHGG) currently has a daily average trading volume of 4.15M but it saw 3077062 shares traded in last market. With a market cap of 233.65M USD, the company’s current market price of $2.24 came falling about -2.61 while comparing to the previous closing price of $2.30. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.48 and as low as $1.34. In the recent trading on the day, stock has struck highest price mark of $2.2 while lowest mark touched by it was $2.32.
Taking a look at 20-day trading activity of Chegg Inc (CHGG) gives us an average price of $2.16, while its current price level is -80.49% below from 52-week high level whereas it is 67.15% 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 $1.85 while that of 200 days or SMA-200 reads an average of $3.67. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.03% during that period while stretching the period over a month that increases to 10.00%. 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 53.56 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 -8.57% down while it is 26.55% when we observe its performance for the past one month. Year-to-date it is -80.28% down and over the past year, the stock is showing a downside performance of -78.77%.
Currently, Chegg Inc’s total number of outstanding shares is 103.97M. Company’s return on investment (ROI) stands at -181.74% and return on equity (ROE) at -134.82%. It has a 3.38 of forward P/E ratio. Stock’s beta reads 1.36. Stock has a price to book (P/B) ratio of 1.26 while price to sale or P/S ratio amounts to 0.35. Its return on asset (ROA) is -58.51% on average.
