Chegg Inc (NYSE: CHGG) is -36.65% lower on its value in year-to-date trading and has touched a low of $0.44 and a high of $3.92 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 $0.92 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $1.02, the stock is 19.74% and 45.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.92 million and changing 11.17% at the moment leaves the stock -29.32% off its SMA200. CHGG registered -71.90% loss for a year compared to 6-month loss of -54.87%. The firm has a 50-day simple moving average (SMA 50) of $0.7006 and a 200-day simple moving average (SMA200) of $1.443.
The stock witnessed a 40.26% gain in the last 1 month and extending the period to 3 months gives it a -6.42%, and is 2.92% 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 9.11% over the week and 5.52% over the month.
Chegg Inc (CHGG) has around 1271 employees, a market worth around $108.70M and $564.61M in sales. Fwd P/E is 6.85. Profit margin for the company is -151.10%. Distance from 52-week low is 131.77% and -73.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-320.80%).
The EPS is expected to shrink by -84.00% this year.
Chegg Inc (CHGG) Top Institutional Holders
219.0 institutions hold shares in Chegg Inc (CHGG), with institutional investors hold 66.65% of the company’s shares. The shares outstanding are 105.38M, and float is at 98.93M with Short Float at 10.95%. Institutions hold 64.14% 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.
Chegg Inc (CHGG) Insider Activity
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