Chegg Inc. (NYSE:CHGG) went down by -8.10% from its latest closing price compared to the recent 1-year high of $115.21. The company’s stock price has collected -13.50% of loss in the last five trading sessions. Press Release reported 10 hours ago that Chegg Reports First Quarter 2021 Financial Results and Raises Full Year Guidance
Is It Worth Investing in Chegg Inc. (NYSE :CHGG) Right Now?
Plus, the 36-month beta value for CHGG is at 0.82. Opinions of the stock are interesting as 13 analysts out of 18 who provided ratings for Chegg Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 3 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $110.24, which is $29.8 above the current price. CHGG currently public float of 126.88M and currently shorts hold a 9.77% ratio of that float. Today, the average trading volume of CHGG was 1.78M shares.
CHGG’s Market Performance
CHGG stocks went down by -13.50% for the week, with a monthly drop of -5.94% and a quarterly performance of -13.36%, while its annual performance rate touched 95.96%. The volatility ratio for the week stands at 5.11% while the volatility levels for the past 30 days are set at 3.49% for Chegg Inc.. The simple moving average for the period of the last 20 days is -9.14% for CHGG stocks with a simple moving average of -1.26% for the last 200 days.
Analysts’ Opinion of CHGG
Many brokerage firms have already submitted their reports for CHGG stocks, with FBN Securities repeating the rating for CHGG by listing it as a “Outperform.” The predicted price for CHGG in the upcoming period, according to FBN Securities is $105 based on the research report published on March 30th of the current year 2021.
Lake Street, on the other hand, stated in their research note that they expect to see CHGG reach a price target of $98, previously predicting the price at $85. The rating they have provided for CHGG stocks is “Hold” according to the report published on February 09th, 2021.
Barrington Research gave a rating of “Outperform” to CHGG, setting the target price at $120 in the report published on February 09th of the current year.
CHGG Trading at -8.97% from the 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, the company was unable to rebound, for now settling with -27.95% of loss for the given period.
Volatility was left at 3.49%, however, over the last 30 days, the volatility rate increased by 5.11%, as shares sank -6.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.69% lower at present.
During the last 5 trading sessions, CHGG fell by -13.50%, which changed the moving average for the period of 200-days by +16.92% in comparison to the 20-day moving average, which settled at $91.06. In addition, Chegg Inc. saw -8.10% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at CHGG starting from Schultz Nathan J., who sale 30,000 shares at the price of $95.26 back on Apr 26. After this action, Schultz Nathan J. now owns 216,154 shares of Chegg Inc., valued at $2,857,800 using the latest closing price.
Schultz Nathan J., the PRESIDENT OF LEARNING SERVICES of Chegg Inc., sale 30,000 shares at $92.35 during a trade that took place back on Apr 23, which means that Schultz Nathan J. is holding 246,154 shares at $2,770,571 based on the most recent closing price.
Stock Fundamentals for CHGG
Current profitability levels for the company are sitting at:
- +9.29 for the present operating margin
- +68.12 for the gross margin
The net margin for Chegg Inc. stands at -0.97. The total capital return value is set at 3.36, while invested capital returns managed to touch -0.35. Equity return is now at value -1.10, with -0.30 for asset returns.
Based on Chegg Inc. (CHGG), the company’s capital structure generated 251.43 points at debt to equity in total, while total debt to capital is 71.54. Total debt to assets is 68.09, with long-term debt to equity ratio resting at 250.34. Finally, the long-term debt to capital ratio is 71.24.
When we switch over and look at the enterprise to sales, we see a ratio of 18.18, with the company’s debt to enterprise value settled at 0.13. The receivables turnover for the company is 41.58 and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.78.