Chegg Inc (NYSE: CHGG) is -53.80% lower on its value in year-to-date trading and has touched a low of $0.75 and a high of $8.15 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 $0.75 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.74, the stock is -24.04% and -43.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.68 million and changing -0.39% at the moment leaves the stock -63.57% off its SMA200. CHGG registered -90.67% loss for a year compared to 6-month loss of -58.91%. The firm has a 50-day simple moving average (SMA 50) of $1.31 and a 200-day simple moving average (SMA200) of $2.04175.
The stock witnessed a -50.74% gain in the last 1 month and extending the period to 3 months gives it a -66.04%, and is -13.28% 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 7.79% over the week and 11.28% over the month.
Chegg Inc (CHGG) has around 1271 employees, a market worth around $78.18M and $617.57M in sales. Fwd P/E is 1239.67. Profit margin for the company is -135.54%. Distance from 52-week low is -0.39% and -90.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-247.04%).
The EPS is expected to shrink by -88.00% this year
252.0 institutions hold shares in Chegg Inc (CHGG), with institutional investors hold 84.05% of the company’s shares. The shares outstanding are 104.88M, and float is at 97.48M with Short Float at 10.33%. Institutions hold 79.76% 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 5.3059 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.
