Chegg, Inc. (NYSE:CHGG) went up by 2.00% from its latest closing price when compared to the 1-year high value of $70.57 and move down -5.75%, while CHGG stocks collected -4.44% of loss with the last five trading sessions. Press Release reported on 06/16/20 that Chegg Announces $500 Million Securities Repurchase Program
Chegg, Inc. (NYSE:CHGG) Worth an Investment?
Chegg, Inc. (NYSE: CHGG) The 36 Months beta value for CHGG stocks is at 1.07, while of the analysts out of 0 who provided ratings for Chegg, Inc. stocks as a “buy” while as overweight, rated it as hold and as sell. The average price we get from analysts is $63.31 which is -$6.46 below current price. CHGG currently has a short float of 12.83% and public float of 120.93M with average trading volume of 3.89M shares.
CHGG Market Performance
CHGG stocks went down by -4.44% for the week, with the monthly jump of 9.25% and a quarterly performance of 82.82%, while its annual performance rate touched 72.92%. The simple moving average for the period of the last 20 days is 7.97% for CHGG stocks with the simple moving average of 60.37% for the last 200 days.
Analysts’ Opinion on Chegg, Inc. (NYSE:CHGG)
Many brokerage firms have already submitted their reports for CHGG stocks, with Needham repeating the rating for CHGG shares by setting it to “Buy”. The predicted price for CHGG socks in the upcoming period according to Needham is $70 based on the research report published on June 5, 2020.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see CHGG stock at the price of $67, previously predicting the value of $54. The rating they have provided for CHGG stocks is “Market Perform” according to the report published on May 18, 2020.
Raymond James gave “ Outperform” rating to CHGG stocks, setting the target price at $60 in the report published on May 5, 2020.
CHGG Stocks 17.82% Far from 50 Day Moving Average
After a stumble in the market that brought CHGG to its low price for the period of the last 52 weeks, Chegg, Inc. was unable to take a rebound, for now settling with -5.44% of loss for the given period.
The stock volatility was left at 5.45%, however, within the period of a single month, the volatility rate increased by 5.49%, while the shares surge at the distance of +6.89% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +81.58% upper at the present time.
In the course of the last 5 trading sessions, CHGG went down by -4.44%, which changed the moving average for the period of 200 days to the total of +96.32% of gains for the stock in comparison to the 20-day moving average settled at $62.02. In addition, Chegg, Inc. saw 76.02% in overturn over the period of a single year with a tendency to cut further gains.
CHGG Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Chegg, Inc. (CHGG), starting from Schultz Nathan J., who sold 35,083 shares at the price of $70.19 back on Jun 22. After this action, Rushing now owns 233,603 shares of Chegg, Inc., valued at $2,462,476 with the latest closing price.
Lem Esther, the CHIEF MARKETING OFFICER of Chegg, Inc., sold 2,263 shares at the value of $61.36 during a trade that took place back on Jun 03, which means that Lem Esther is holding 161,564 shares at the value of $138,858 based on the most recent closing price.
CHGG Stock Fundamentals
The current profitability levels are settled at +4.60 for the present operating margin and +77.57 for gross margin. The net margin for Chegg, Inc. stands at -2.34. Total capital return value is set at 1.79, while invested capital returns managed to touch -0.91. Equity return holds the value -2.30%, with -0.80% for asset returns.
Based on Chegg, Inc. (CHGG), the company’s capital structure generated 184.45 points for debt to equity in total, while total debt to capital is set at the value of 64.84. Total debt to assets is settled at the value of 61.79 with long-term debt to equity ratio rests at 0.42 and long-term debt to capital is 183.39.
The value for Enterprise to Sales is 12.11 with debt to enterprise value settled at 0.20. The receivables turnover for Chegg, Inc. is 23.75 with the total asset turnover at the value of 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 11.31.