Chegg Inc (NYSE:CHGG) traded at $5.17 at close of the session on Tuesday, April 30, made a downward move of -27.89% on its previous day’s price.
Looking at the stock we see that its previous close was $7.17 . In terms of its 52-week price range, CHGG has a high of $17.92 and a low of $6.63. The company’s stock has lost about -28.39% over that past 30 days.
Chegg Inc has a market cap of $532.25 million. Estimates by analysts give the company expected earnings per share (EPS) of $0.27, with the EPS growth for the year raised at $1.13 for 2024 and $1.16 for next year. These figures represent 2.70% and 2.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $173.58 million, with a low of $169.56 million and a high of $184.8 million. The median projection represents growth adding up to -5.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $685.15 million, or -4.30% down from figures reported last year.
On the other hand, looking at the outlook for the CHGG stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -27.04% off its SMA20 and -33.43% from its 50-day simple moving average. The RSI (14) is pointing at 21.69 while the volatility over the past week is 7.57% and jumps to 4.83% over the past one month. The beta value is 1.27, while the average true range (ATR) is currently pointing at 0.43.
Coming back to Chegg Inc (NYSE:CHGG), we note that the average 3-month trading volume was 2.68 million. Current shares outstanding are 102.82 million.
The insiders hold 4.06% of the company’s shares while institutions hold 97.64%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -54.49% down in year-to-date price movement.
