Chegg Inc (NYSE: CHGG) is -8.70% lower on its value in year-to-date trading and has touched a low of $1.34 and a high of $10.50 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 $1.49 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $1.47, the stock is -8.47% and -22.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.27 million and changing -1.34% at the moment leaves the stock -48.83% off its SMA200. CHGG registered -85.30% loss for a year compared to 6-month loss of -55.99%. The firm has a 50-day simple moving average (SMA 50) of $1.8952 and a 200-day simple moving average (SMA200) of $2.90085.
The stock witnessed a -20.54% gain in the last 1 month and extending the period to 3 months gives it a -3.29%, and is -4.55% 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 6.57% over the week and 7.37% over the month.
Chegg Inc (CHGG) has around 1979 employees, a market worth around $153.33M and $662.08M in sales. Fwd P/E is 2.22. Profit margin for the company is -124.05%. Distance from 52-week low is 9.69% and -86.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-181.74%).
with sales reaching $142.05M over the same period.The EPS is expected to shrink by -29.55% 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.
258.0 institutions hold shares in Chegg Inc (CHGG), with institutional investors hold 86.58% of the company’s shares. The shares outstanding are 103.97M, and float is at 96.59M with Short Float at 10.29%. Institutions hold 82.90% 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.
