Chegg Inc (NYSE:CHGG) currently has a daily average trading volume of 3.00M but it saw 2051208 shares traded in last market. With a market cap of 75.21M USD, the company’s current market price of $0.71 came falling about -1.52 while comparing to the previous closing price of $0.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.22 and as low as $0.44.
Taking a look at 20-day trading activity of Chegg Inc (CHGG) gives us an average price of $0.6067, while its current price level is -86.33% below from 52-week high level whereas it is 62.17% 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 $0.6998 while that of 200 days or SMA-200 reads an average of $1.6084. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.21% during that period while stretching the period over a month that increases to 9.78%. 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 56.38 which implies that the stock is in neutral 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 -1.86% down while it is 38.21% when we observe its performance for the past one month. Year-to-date it is -55.67% down and over the past year, the stock is showing a downside performance of -86.38%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0.0 while estimate for next year EPS is 0.12. In next quarter, company is expected to be making quarterly sales of $110.54M as analysts are expecting the sales for current fiscal year at $431.35M and seeing the company making $383.79M in sales next year. Moreover, analysts are in estimates of $114.61M for current-quarter revenue.
Currently, Chegg Inc’s total number of outstanding shares is 104.88M with 3.95% of that held by the insiders while 76.41% 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 11.57 of forward P/E ratio. Stock’s beta reads 1.64. Stock has a price to book (P/B) ratio of 0.39 while price to sale or P/S ratio amounts to 0.12. Its return on asset (ROA) is -64.48% on average.
