Chegg Inc (NYSE: CHGG) is -9.94% lower on its value in year-to-date trading and has touched a low of $1.34 and a high of $9.34 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 $1.38 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $1.45, the stock is -3.04% and -18.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing 5.07% at the moment leaves the stock -41.58% off its SMA200. CHGG registered -83.39% loss for a year compared to 6-month loss of -29.27%. The firm has a 50-day simple moving average (SMA 50) of $1.8026 and a 200-day simple moving average (SMA200) of $2.50935.
The stock witnessed a -10.49% gain in the last 1 month and extending the period to 3 months gives it a -15.70%, and is -2.68% 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 6.84% over the week and 8.00% over the month.
Chegg Inc (CHGG) has around 1979 employees, a market worth around $151.24M and $662.08M in sales. Fwd P/E is 2.31. Profit margin for the company is -124.05%. Distance from 52-week low is 8.20% and -84.48% 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.
The shares outstanding are 103.97M, and float is at 96.59M with Short Float at 10.98%.
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.
