Chegg Inc (NYSE: CHGG) is -82.31% lower on its value in year-to-date trading and has touched a low of $1.34 and a high of $11.48 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 $1.80 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $2.01, the stock is 16.02% and 19.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.55 million and changing 11.67% at the moment leaves the stock -50.92% off its SMA200. CHGG registered -80.54% loss for a year compared to 6-month loss of -45.53%. The firm has a 50-day simple moving average (SMA 50) of $1.6874 and a 200-day simple moving average (SMA200) of $4.0951.
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The stock witnessed a 24.07% gain in the last 1 month and extending the period to 3 months gives it a -11.84%, and is 16.86% up 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 9.43% over the week and 9.17% over the month.
Chegg Inc (CHGG) has around 1979 employees, a market worth around $234.12M and $662.08M in sales. Fwd P/E is 3.03. Profit margin for the company is -124.05%. Distance from 52-week low is 49.99% and -82.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-181.74%).
with sales reaching $142.03M over the same period.The EPS is expected to shrink by -29.29% this year, but quarterly earnings will post -13.99% year-over-year. Quarterly sales are estimated to shrink -24.44% in year-over-year returns.
Chegg Inc (CHGG) Top Institutional Holders
267.0 institutions hold shares in Chegg Inc (CHGG), with institutional investors hold 86.94% of the company’s shares. The shares outstanding are 102.82M, and float is at 98.53M with Short Float at 10.53%. Institutions hold 83.21% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.47 million shares valued at $36.24 million. The investor’s holdings represent 11.2071% of the CHGG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.41 million shares valued at $29.72 million to account for 9.1902 of the shares outstanding. The other top investors are SYLEBRA CAPITAL LLC which holds 5.44 million shares representing 5.3195% and valued at over $17.2 million, while D. E. SHAW & CO., INC. holds 4.8307 of the shares totaling 4.94 million with a market value of $15.62 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).
