Chegg Inc (NYSE: CHGG) is 1.24% higher on its value in year-to-date trading and has touched a low of $0.44 and a high of $3.81 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CHGG stock was last observed hovering at around $1.21 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $1.63, the stock is 63.93% and 113.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 26.43 million and changing 34.71% at the moment leaves the stock 14.50% off its SMA200. CHGG registered -54.97% loss for a year compared to 6-month loss of -33.47%. The firm has a 50-day simple moving average (SMA 50) of $0.7616 and a 200-day simple moving average (SMA200) of $1.42355.
The stock witnessed a 128.39% gain in the last 1 month and extending the period to 3 months gives it a 86.78%, and is 59.80% 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 15.00% over the week and 8.74% over the month.
Chegg Inc (CHGG) has around 1271 employees, a market worth around $173.71M and $564.61M in sales. Fwd P/E is 10.73. Profit margin for the company is -151.10%. Distance from 52-week low is 270.37% and -57.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-320.80%).
with sales reaching $100.9M over the same period.The EPS is expected to shrink by -84.44% this year, but quarterly earnings will post -33.61% year-over-year. Quarterly sales are estimated to shrink -38.15% in year-over-year returns.
Chegg Inc (CHGG) Top Institutional Holders
218.0 institutions hold shares in Chegg Inc (CHGG), with institutional investors hold 66.64% 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 64.13% 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.
