Chegg Inc (NYSE: CHGG) is -52.06% lower on its value in year-to-date trading and has touched a low of $0.80 and a high of $8.41 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 $0.80 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $0.77, the stock is -34.55% and -45.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.0 million and changing -3.51% at the moment leaves the stock -63.77% off its SMA200. CHGG registered -90.63% loss for a year compared to 6-month loss of -59.37%.
The stock witnessed a -45.64% gain in the last 1 month and extending the period to 3 months gives it a -68.49%, and is -21.86% 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 9.35% over the week and 10.53% over the month.
Chegg Inc (CHGG) has around 1271 employees, a market worth around $81.13M and $617.57M in sales. Profit margin for the company is -135.54%. Distance from 52-week low is -3.51% and -90.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-247.04%).
with sales reaching $114.81M over the same period.The EPS is expected to shrink by -88.00% this year, but quarterly earnings will post -30.31% year-over-year. Quarterly sales are estimated to shrink -34.15% in year-over-year returns.
Chegg Inc (CHGG) Top Institutional Holders
The shares outstanding are 104.88M, and float is at 97.42M with Short Float at 11.03%.
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 5.3059% and valued at over $17.2 million, while D. E. SHAW & CO., INC. holds 4.8184 of the shares totaling 4.94 million with a market value of $15.62 million.
Chegg Inc (CHGG) Insider Activity
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