Chegg Inc (NYSE: CHGG) is -68.32% lower on its value in year-to-date trading and has touched a low of $0.44 and a high of $7.26 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 $0.50 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.51, the stock is -11.29% and -43.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing 1.43% at the moment leaves the stock -71.09% off its SMA200. CHGG registered -92.51% loss for a year compared to 6-month loss of -68.71%. The firm has a 50-day simple moving average (SMA 50) of $0.895 and a 200-day simple moving average (SMA200) of $1.76405.
The stock witnessed a -31.43% gain in the last 1 month and extending the period to 3 months gives it a -66.88%, and is 10.34% 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 8.59% over the week and 11.20% over the month.
Chegg Inc (CHGG) has around 1271 employees, a market worth around $53.61M and $617.57M in sales. Fwd P/E is 8.27. Profit margin for the company is -135.54%. Distance from 52-week low is 15.88% and -92.97% 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 -84.43% this year.
Chegg Inc (CHGG) Top Institutional Holders
244.0 institutions hold shares in Chegg Inc (CHGG), with institutional investors hold 80.29% of the company’s shares. The shares outstanding are 104.88M, and float is at 97.58M with Short Float at 10.80%. Institutions hold 77.12% 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 9.1669 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
#####
