In today’s recent session, 1.74 million shares of the Chegg Inc (NYSE:CHGG) have been traded, and its beta is 1.33. Most recently the company’s share price was $3.04, and it changed around $0.19 or 6.65% from the last close, which brings the market valuation of the company to $310.70M. CHGG at last check was trading at a discount to its 52-week high of $13.11, offering almost -331.25% off that amount. The share price’s 52-week low was $2.53, which indicates that the recent value has risen by an impressive 16.78% since then. We note from Chegg Inc’s average daily trading volume that its 3-month average coming to 3.76 million.
Chegg Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.57. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended CHGG as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Chegg Inc is expected to report earnings per share of 0.22 for the current quarter.
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Chegg Inc (NYSE:CHGG) trade information
Instantly CHGG has been showing a green trend so far today with a performance of 6.65% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -73.24% year-to-date, but still up 8.94% over the last five days. On the other hand, Chegg Inc (NYSE:CHGG) is -22.86% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $33.47, which translates to bulls needing to increase their stock price by 90.92% from its current value. Analyst projections state that CHGG is forecast to be at a low of $3 and a high of $110.
Chegg Inc (CHGG) estimates and forecasts
Chegg Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -72.37 percent over the past six months and at a -10.00% annual growth rate that is well below the industry average of 23.70%. The year-over-year growth rate is expected to be -9.00%, down from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 160.12M in revenue for the current quarter. 13 analysts expect Chegg Inc to make 143.64M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -12.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -20.81%. Chegg Inc earnings are expected to increase by -7.09% in 2024, but the outlook is positive 20.00% per year for the next five years.
CHGG Dividends
Chegg Inc’s next quarterly earnings report is expected to be released in July.
