Chegg Inc (NYSE: CHGG) is -29.58% lower on its value in year-to-date trading and has touched a low of $7.32 and a high of $18.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CHGG stock was last observed hovering at around $7.83 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $8.00, the stock is -4.59% and -13.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing 2.17% at the moment leaves the stock -16.24% off its SMA200. CHGG registered -49.56% loss for a year compared to 6-month loss of -15.79%. The firm has a 50-day simple moving average (SMA 50) of $1.55 and a 200-day simple moving average (SMA200) of $6.05.
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The stock witnessed a -8.47% gain in the last 1 month and extending the period to 3 months gives it a -27.47%, and is -0.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.26% over the week and 3.52% over the month.
Chegg Inc (CHGG) has around 1979 employees, a market worth around $823.60M and $716.29M in sales. Fwd P/E is 6.89. Profit margin for the company is 2.54%. Distance from 52-week low is 9.29% and -57.38% from its 52-week high. The company has generated returns on investments over the last 12 months (1.51%).
Chegg Inc quarterly earnings per share for the current quarter are estimated at $0.25 with sales reaching $174.1M over the same period.The EPS is expected to grow by 3.33% this year, but quarterly earnings will post -4.10% year-over-year. Quarterly sales are estimated to shrink -7.20% in year-over-year returns.
328 institutions hold shares in Chegg Inc (CHGG), with institutional investors hold 103.16% of the company’s shares. The shares outstanding are 102.82M, and float is at 99.02M with Short Float at 15.04%. Institutions hold 100.09% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 11.5 million shares valued at $102.09 million. The investor’s holdings represent 9.97% of the CHGG Shares outstanding. As of Jun 29, 2023, the second largest holder is Baillie Gifford and Company with 10.66 million shares valued at $94.7 million to account for 9.25% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.26 million shares representing 8.89% and valued at over $91.07 million, while Sylebra Capital Ltd holds 7.78% of the shares totaling 8.97 million with a market value of $79.63 million.
Chegg Inc (CHGG) Insider Activity
The most recent transaction is an insider sale by Schultz Nathan J., the company’s CHIEF OPERATING OFFICER. SEC filings show that Schultz Nathan J. sold 1,350 shares of the company’s common stock on Dec 13 ’23 at a price of $10.41 per share for a total of $14054.0. Following the sale, the insider now owns 0.42 million shares.
Chegg Inc disclosed in a document filed with the SEC on Dec 04 ’23 that Schultz Nathan J. (CHIEF OPERATING OFFICER) sold a total of 630 shares of the company’s common stock. The trade occurred on Dec 04 ’23 and was made at $10.13 per share for $6382.0. Following the transaction, the insider now directly holds 0.43 million shares of the CHGG stock.
Still, SEC filings show that on Nov 27 ’23, BROWN ANDREW J (CHIEF FINANCIAL OFFICER) disposed off 16,921 shares at an average price of $10.02 for $0.17 million. The insider now directly holds 91,922 shares of Chegg Inc (CHGG).
