Chegg Inc (NYSE:CHGG) does about 3.20M shares in volume on a normal day but saw 9041876 shares change hands in the recent trading day. The company now has a market cap of 186.50M USD. Its current market price is $1.75, marking an increase of 7.36% compared to the previous close of $1.63. The 52 week high reached by this stock is $3.81 whilst the lowest price level in 52 weeks is $0.44. The script in recent trading has seen the stock touch a high of $110 and a low of $1.5.
15 analysts observing the Chegg Inc (CHGG) stock have set the 12-month price targets for the company’s shares at between $1.5 and $110. The consensus objective for the share price is $1.00, suggesting that the stock has a potential downside of -75.0% over the period. The median price target is 91.25% away from the current levels at $20.
FactSet Research has provided data showing that 15 brokerages have issued ratings for the stock. 6 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 7 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Sell the stock.
Morgan Stanley also downgraded the stock to “Underweight” from Equal-Weight on January 14, 2025 at a price target of $2-$1.25.
The current price level is 67.10%, 123.68%, and 23.08% away from its SMA20, SMA50, and SMA200 respectively, with the CHGG price moving below the 50-day SMA on current market day. Chegg Inc (CHGG) stock is up 45.83% over the week and 141.81% over the past month. Its price is 8.70% year-to-date and -52.45% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.05 and 0.12 for whole year. Expected sales for next quarter are $88.64M, which analysts say will come at $410.02M for the current fiscal year and next year at $368.27M. In addition, estimates put the company’s current quarterly revenue at an average of $100.9M.
Its 12-month price target is $20. To reach the target analysts have set, the stock logically needs to shrink -75.0 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1.5, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $110.
Outstanding shares total 105.38M with insiders holding 3.77% of the shares and institutional holders owning 64.13% of the company’s common stock. The company has a return on investment of -320.80% and return on equity of -148.48%. The forward price to earnings ratio is 11.52. The beta has a value of 1.80. Price to book ratio is 0.99 and price to sales ratio is 0.33.
