Chegg Inc (NYSE:CHGG) currently has a daily average trading volume of 3.29M but it saw 4800856 shares traded in last market. With a market cap of 104.45M USD, the company’s current market price of $0.98 came falling about -1.99 while comparing to the previous closing price of $1.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.18 and as low as $0.44.
Taking a look at 20-day trading activity of Chegg Inc (CHGG) gives us an average price of $0.7681, while its current price level is -76.52% below from 52-week high level whereas it is 122.70% 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 $0.6802 while that of 200 days or SMA-200 reads an average of $1.4836. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.40% during that period while stretching the period over a month that decreases to 11.35%. 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 74.08 which implies that the stock is in overbought 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 17.69% up while it is 72.19% when we observe its performance for the past one month. Year-to-date it is -39.12% down and over the past year, the stock is showing a downside performance of -77.62%.
Currently, Chegg Inc’s total number of outstanding shares is 105.38M with 3.91% of that held by the insiders while 63.78% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -320.80% and return on equity (ROE) at -148.48%. It has a 6.58 of forward P/E ratio. Stock’s beta reads 1.78. Stock has a price to book (P/B) ratio of 0.56 while price to sale or P/S ratio amounts to 0.18. Its return on asset (ROA) is -78.58% on average.
