Chegg Inc (NYSE:CHGG) shares, rose in value on Wednesday, April 16, with the stock price up by 3.33% to the previous day’s close as strong demand from buyers drove the stock to $0.50.
Actively observing the price movement in the last trading, the stock closed the session at $0.49, falling within a range of $0.4939 and $0.5126. The value of beta (5-year monthly) was 1.815. Referring to stock’s 52-week performance, its high was $7.26, and the low was $0.44. On the whole, CHGG has fluctuated by -32.66% over the past month.
With the market capitalization of Chegg Inc currently standing at about $52.85 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-23.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 431.35M, with a low estimate of 114M and a high estimate of 115.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 114.61M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CHGG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CHGG currently trading nearly -14.26% and -45.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.60, while the 7-day volatility ratio is showing 10.34% which for the 30-day chart, stands at 11.02%. Furthermore, Chegg Inc (CHGG)’s beta value is 1.82, and its average true range (ATR) is 0.07.
A comparison of Chegg Inc (CHGG) with its peers suggests the former has fared considerably weaker in the market. CHGG showed an intraday change of 3.33% in last session, and over the past year, it shrunk by -92.68%%.
Data on historical trading for Chegg Inc (NYSE:CHGG) indicates that the trading volumes over the past 10 days have averaged 2.95 and over the past 3 months, they’ve averaged 3.31 million. According to company’s latest data on outstanding shares, there are 104.88 million shares outstanding.
Nearly 7.16% of Chegg Inc’s shares belong to company insiders and institutional investors own 76.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.54 million shares as on 2025-03-31, resulting in a short ratio of 3.13. According to the data, the short interest in Chegg Inc (CHGG) stood at 1325.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 10.07 million. The stock has fallen by -68.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CHGG stock heading into the next quarter.
