Chegg Inc (NYSE:CHGG) has a beta value of 1.41 and has seen 2.46 million shares traded in the last trading session. The company, currently valued at $188.79M, closed the last trade at $1.81 per share which meant it gained $0.04 on the day or 2.26% during that session. The CHGG stock price is -521.55% off its 52-week high price of $11.25 and 25.97% above the 52-week low of $1.34. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.04 million shares traded. The 3-month trading volume is 4.01 million shares.
The consensus among analysts is that Chegg Inc (CHGG) is Hold stock at the moment, with a recommendation rating of 3.36. 6 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 15 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
Chegg Inc (NYSE:CHGG) trade information
Sporting 2.26% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CHGG stock price touched $1.81 or saw a rise of 3.21%. Year-to-date, Chegg Inc shares have moved 12.42%, while the 5-day performance has seen it change 18.30%. Over the past 30 days, the shares of Chegg Inc (NYSE:CHGG) have changed -26.12%. Short interest in the company has seen 9.33 million shares shorted with days to cover at 1.93.
Wall Street analysts have a consensus price target for the stock at $3.38, which means that the shares’ value could jump 46.45% from current levels. The projected low price target is $1.5 while the price target rests at a high of $4.0. In that case, then, we find that the current price level is -120.99% off the targeted high while a plunge would see the stock lose 17.13% from current levels.
Chegg Inc (CHGG) estimates and forecasts
Figures show that Chegg Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -35.36% over the past 6 months, with this year growth rate of -34.55%, compared to 25.20% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -20.81% over the past 5 years. Earnings growth for 2025 is a modest -29.29% while over the next 5 years, the company’s earnings are expected to increase by 30.00%.
CHGG Dividends
Chegg Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Chegg Inc (NYSE:CHGG)’s Major holders
Insiders own 4.25% of the company shares, while shares held by institutions stand at 83.09% with a share float percentage of 86.78%. Investors are also buoyed by the number of investors in a company, with Chegg Inc having a total of 263.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 11.47 million shares worth more than $36.24 million. As of 2024-06-30, VANGUARD GROUP INC held 11.2071% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 9.41 million shares as of 2024-06-30. The firm’s total holdings are worth over $29.72 million and represent 9.1902% of shares outstanding.
