In the last trading session, 2.38 million Chegg Inc (NYSE:CHGG) shares changed hands as the company’s beta touched 1.68. With the company’s per share price at $0.90 changed hands at $0.08 or 9.54% during last session, the market valuation stood at $95.54M. CHGG’s last price was a discount, traded about -418.89% off its 52-week high of $4.67. The share price had its 52-week low at $0.44, which suggests the last value was 51.11% up since then.
Analysts gave the Chegg Inc (CHGG) stock a consensus recommendation rating of Hold, calculated at a mean rating of 4.20. If we narrow down to specifics, the data shows that 6 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended CHGG as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Chegg Inc’s EPS for the current quarter is expected to be 0.05.
Chegg Inc (NYSE:CHGG) trade information
Instantly CHGG was in green as seen at the end of in last trading. With action 29.93%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -44.32%, with the 5-day performance at 29.93% in the green. However, in the 30-day time frame, Chegg Inc (NYSE:CHGG) is 78.30% up.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need an upside of 95.5% from its current market value. According to analyst projections, CHGG’s forecast low is 1.5 with 110 as the target high. To hit the forecast high, the stock’s price needs a -12122.22% plunge from its current level, while the stock would need to soar -66.67% for it to hit the projected low.
Chegg Inc (CHGG) estimates and forecasts
Year-over-year growth is forecast to reach -33.05% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 100.89M. 5 analysts are of the opinion that Chegg Inc’s revenue for the current quarter will be 89.64M. The company’s revenue for the corresponding quarters a year ago was 163.15M and 136.59M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -38.16%. The estimates for the next quarter sales put growth at -34.37%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -151.46%. The 2025 estimates are for Chegg Inc earnings to decrease by -84.00%.
CHGG Dividends
Chegg Inc is expected to release its next quarterly earnings report in June.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.1669% or 9.41 million shares worth $29.72 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 3.12 shares estimated at $2.8 million under it, the former controlled 2.93% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.50% of the shares, roughly 2.67 shares worth around $2.39 million.
