Chegg Inc (NYSE: CHGG) is -54.83% lower on its value in year-to-date trading and has touched a low of $0.44 and a high of $6.23 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 $0.68 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $0.73, the stock is 30.04% and -5.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.07 million and changing 7.69% at the moment leaves the stock -56.58% off its SMA200. CHGG registered -89.76% loss for a year compared to 6-month loss of -54.55%. The firm has a 50-day simple moving average (SMA 50) of $0.7674 and a 200-day simple moving average (SMA200) of $1.675.
The stock witnessed a 13.77% gain in the last 1 month and extending the period to 3 months gives it a -57.97%, and is 19.43% 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 9.68% over the week and 10.62% over the month.
Chegg Inc (CHGG) has around 1271 employees, a market worth around $76.63M and $617.57M in sales. Fwd P/E is 11.79. Profit margin for the company is -135.54%. Distance from 52-week low is 65.24% and -88.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-247.04%).
with sales reaching $114.61M over the same period.The EPS is expected to shrink by -84.43% this year, but quarterly earnings will post -30.15% year-over-year. Quarterly sales are estimated to shrink -34.27% in year-over-year returns.
246.0 institutions hold shares in Chegg Inc (CHGG), with institutional investors hold 80.27% of the company’s shares. The shares outstanding are 104.88M, and float is at 97.83M with Short Float at 10.52%. Institutions hold 77.10% 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 11.1786 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.
