Chegg Inc (NYSE:CHGG) currently has a daily average trading volume of 4.05M but it saw 1131761 shares traded in last market. With a market cap of 163.86M USD, the company’s current market price of $1.61 came falling about -2.42 while comparing to the previous closing price of $1.65. 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 $1.59 while lowest mark touched by it was $1.66.
Taking a look at 20-day trading activity of Chegg Inc (CHGG) gives us an average price of $2.2040, while its current price level is -85.98% below from 52-week high level whereas it is 20.14% 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 $1.9082 while that of 200 days or SMA-200 reads an average of $3.4139. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.85% during that period while stretching the period over a month that increases to 9.59%. 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 36.05 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 -25.57% down while it is -18.91% when we observe its performance for the past one month. Year-to-date it is -85.65% down and over the past year, the stock is showing a downside performance of -85.26%.
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 2.43 of forward P/E ratio. Stock’s beta reads 1.38. Stock has a price to book (P/B) ratio of 0.90 while price to sale or P/S ratio amounts to 0.25. Its return on asset (ROA) is -58.51% on average.
