Chegg Inc (NYSE:CHGG) has a beta value of 1.39 and has seen 0.9 million shares traded in the recent trading session. The company, currently valued at $160.11M, closed the recent trade at $1.53 per share which meant it gained $0.06 on the day or 4.42% during that session. The CHGG stock price is -586.27% off its 52-week high price of $10.50 and 12.42% 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 2.65 million shares traded. The 3-month trading volume is 3.73 million shares.
The consensus among analysts is that Chegg Inc (CHGG) is Hold stock at the moment, with a recommendation rating of 3.60. 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. The expected earnings per share for the stock is 0.17.
Chegg Inc (NYSE:CHGG) trade information
Sporting 4.42% in the green today, 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 $1.53 or saw a rise of 2.55%. Year-to-date, Chegg Inc shares have moved -4.66%, while the 5-day performance has seen it change 3.72%. Over the past 30 days, the shares of Chegg Inc (NYSE:CHGG) have changed -6.97%. Short interest in the company has seen 9.94 million shares shorted with days to cover at 2.56.
Wall Street analysts have a consensus price target for the stock at $3.38, which means that the shares’ value could jump 54.73% from the levels at last check today. 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 latest price level in today’s session is -161.44% off the targeted high while a plunge would see the stock lose 1.96% from the levels at last check today.
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 -56.39% over the past 6 months, with this year growth rate of -34.55%, compared to 25.80% for the industry. Revenue growth from the last financial year stood is estimated to be -13.99%.
9 analysts offering their estimates for the company have set an average revenue estimate of 142.05M for the current quarter. 8 have an estimated revenue figure of 139.77M for the next ending quarter. Year-ago sales stood 187.99M and 174.35M respectively for this quarter and the next, and analysts expect sales will shrink by -24.44% for the current quarter and -13.99% for the next.
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 -29.55% while over the next 5 years, the company’s earnings are expected to decrease by -22.89%.
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 82.48% with a share float percentage of 86.14%. Investors are also buoyed by the number of investors in a company, with Chegg Inc having a total of 257.0 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.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Sep 30, 2024 , the former fund manager holds about 2.99% shares in the company for having 3.12 shares of worth $4.71 million while later fund manager owns 2.62 shares of worth $3.95 million as of Oct 31, 2024 , which makes it owner of about 2.51% of company’s outstanding stock.
