Chegg Inc (NYSE:CHGG) currently has a daily average trading volume of 3.60M but it saw 1708317 shares traded in last market. With a market cap of 153.46M USD, the company’s current market price of $1.44 came rising about 1.41 while comparing to the previous closing price of $1.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.81 and as low as $0.44. In the recent trading on the day, stock has struck highest price mark of $1.42 while lowest mark touched by it was $1.52.
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 9.92% up while it is -2.70% when we observe its performance for the past one month. Year-to-date it is -54.57% down and over the past year, the stock is showing a downside performance of -10.56%.
The company is expected to be releasing its next quarterly report on 2025-May-12, for which analysts forecasted an EPS of 0.06 while estimate for next year EPS is 0.16. In next quarter, company is expected to be making quarterly sales of $89.79M as analysts are expecting the sales for current fiscal year at $415.25M and seeing the company making $376.99M in sales next year. Moreover, analysts are in estimates of $103.13M for current-quarter revenue.
Currently, Chegg Inc’s total number of outstanding shares is 105.38M with 3.95% of that held by the insiders while 63.99% 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 12.21 of forward P/E ratio. Stock’s beta reads 1.76. Stock has a price to book (P/B) ratio of 0.82 while price to sale or P/S ratio amounts to 0.27. Its return on asset (ROA) is -78.58% on average.
