Chegg Inc (NYSE:CHGG) currently has a daily average trading volume of 3.35M but it saw 4881203 shares traded in last market. With a market cap of 52.94M USD, the company’s current market price of $0.50 came rising about 2.40 while comparing to the previous closing price of $0.49. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.68 and as low as $0.45. In the recent trading on the day, stock has struck highest price mark of $0.475 while lowest mark touched by it was $0.5501.
Taking a look at 20-day trading activity of Chegg Inc (CHGG) gives us an average price of $0.6568, while its current price level is -93.44% below from 52-week high level whereas it is 11.91% 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 $1.0206 while that of 200 days or SMA-200 reads an average of $1.8395. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.15% during that period while stretching the period over a month that decreases to 11.01%. 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 27.54 which implies that the stock is in oversold territory.
Morgan Stanley downgraded its recommendation for the stock as a “Underweight” from “Equal-Weight” on January 14, 2025 while assigning a price target range of $2-$1.25.
Over the week, CHGG’s stock price is moving -18.76% down while it is -34.75% when we observe its performance for the past one month. Year-to-date it is -68.71% down and over the past year, the stock is showing a downside performance of -93.02%.
The company is expected to be releasing its next quarterly report on 2025-Feb-23, for which analysts forecasted an EPS of 0.01 while estimate for next year EPS is 0.12. In next quarter, company is expected to be making quarterly sales of $111.25M as analysts are expecting the sales for current fiscal year at $432.02M and seeing the company making $378.69M in sales next year. Moreover, analysts are in estimates of $114.73M for current-quarter revenue.
Currently, Chegg Inc’s total number of outstanding shares is 104.88M with 5.10% of that held by the insiders while 77.93% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -247.04% and return on equity (ROE) at -147.16%. It has a 6.68 of forward P/E ratio. Stock’s beta reads 1.75. Stock has a price to book (P/B) ratio of 0.27 while price to sale or P/S ratio amounts to 0.09. Its return on asset (ROA) is -64.48% on average.
