During the last session, Chegg Inc (NYSE:CHGG)’s traded shares were 3.08 million, with the beta value of the company hitting 1.75. At the end of the trading day, the stock’s price was $0.86, reflecting an intraday loss of -9.31% or -$0.09. The 52-week high for the CHGG share is $3.92, that puts it down -355.81 from that peak though still a striking 48.84% gain since the share price plummeted to a 52-week low of $0.44. The company’s market capitalization is $92.03M, and the average trade volume was 2.87 million shares over the past three months.
Chegg Inc (CHGG) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 4.20. CHGG has a Sell rating from 6 analyst(s) out of 15 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.05.
Chegg Inc (NYSE:CHGG) trade information
Chegg Inc (CHGG) registered a -9.31% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -9.31% in intraday trading to $0.86, hitting a weekly high. The stock’s 5-day price performance is -13.65%, and it has moved by 32.20% in 30 days. Based on these gigs, the overall price performance for the year is -77.10%.
The consensus price target of analysts on Wall Street is $20, which implies an increase of 95.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $110 respectively. As a result, CHGG is trading at a discount of -12690.7% off the target high and -74.42% off the low.
Chegg Inc (CHGG) estimates and forecasts
In the rating firms’ projections, revenue will decrease -33.05% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 100.89M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 89.64M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 163.15M and 136.59M respectively. In this case, analysts expect current quarter sales to shrink by -38.16% and then drop by -34.37% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -151.46%. While earnings are projected to return -84.00% in 2025.
CHGG Dividends
Chegg Inc is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Chegg Inc (NYSE:CHGG)’s Major holders
The next largest institutional holding, with 9.41 million shares, is of BLACKROCK INC.’s that is approximately 9.1669% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $29.72 million.
Also, the Mutual Funds coming in first place with the largest holdings of Chegg Inc (CHGG) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 3.12 shares. This amounts to just over 2.93 percent of the company’s overall shares, with a $2.69 million market value. The same data shows that the other fund manager holds slightly less at 2.69, or about 2.53% of the stock, which is worth about $2.32 million.
