Chegg Inc (NYSE:CHGG) currently has a daily average trading volume of 4.12M but it saw 3342786 shares traded in last market. With a market cap of 192.97M USD, the company’s current market price of $1.85 came falling about -6.09 while comparing to the previous closing price of $1.97. 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 $1.78 while lowest mark touched by it was $1.9897.
Taking a look at 20-day trading activity of Chegg Inc (CHGG) gives us an average price of $2.2560, while its current price level is -83.89% below from 52-week high level whereas it is 38.05% 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 $1.8990 while that of 200 days or SMA-200 reads an average of $3.5118. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.71% during that period while stretching the period over a month that decreases to 10.29%. 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 41.40 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 -17.41% down while it is 10.12% when we observe its performance for the past one month. Year-to-date it is -83.71% down and over the past year, the stock is showing a downside performance of -83.39%.
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 2.79 of forward P/E ratio. Stock’s beta reads 1.36. Stock has a price to book (P/B) ratio of 1.04 while price to sale or P/S ratio amounts to 0.29. Its return on asset (ROA) is -58.51% on average.
