Chegg Inc. (NYSE:CHGG) went up by 1.31% from its latest closing price compared to the recent 1-year high of $90.50. The company’s stock price has collected 1.78% of gains in the last five trading sessions. The Wall Street Journal reported on 05/03/22 that Chegg Shares Plummet as Students Choose Jobs Over College
Is It Worth Investing in Chegg Inc. (NYSE :CHGG) Right Now?
Chegg Inc. (NYSE:CHGG) scored a price-to-earnings ratio above its average ratio, recording 39.14 x from its present earnings ratio. Plus, the 36-month beta value for CHGG is at 1.11. Opinions of the stock are interesting as 3 analysts out of 16 who provided ratings for Chegg Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 12 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $24.08, which is $14.5 above the current price. CHGG currently public float of 122.47M and currently shorts hold a 5.47% ratio of that float. Today, the average trading volume of CHGG was 3.80M shares.
CHGG’s Market Performance
CHGG stocks went up by 1.78% for the week, with a monthly drop of -49.63% and a quarterly performance of -43.95%, while its annual performance rate touched -78.48%. The volatility ratio for the week stands at 10.77% while the volatility levels for the past 30 days are set at 7.48% for Chegg Inc.. The simple moving average for the period of the last 20 days is -32.83% for CHGG stocks with a simple moving average of -60.87% for the last 200 days.
Analysts’ Opinion of CHGG
Piper Sandler, on the other hand, stated in their research note that they expect to see CHGG reach a price target of $21, previously predicting the price at $44. The rating they have provided for CHGG stocks is “Neutral” according to the report published on May 03rd, 2022.
CHGG Trading at -42.02% 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 -80.41% of loss for the given period.
Volatility was left at 7.48%, however, over the last 30 days, the volatility rate increased by 10.77%, as shares sank -49.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.30% lower at present.
During the last 5 trading sessions, CHGG rose by +1.78%, which changed the moving average for the period of 200-days by -79.72% in comparison to the 20-day moving average, which settled at $25.52. In addition, Chegg Inc. saw -42.25% 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 SCHLEIN TED, who purchase 35,470 shares at the price of $28.54 back on Dec 02. After this action, SCHLEIN TED now owns 80,470 shares of Chegg Inc., valued at $1,012,314 using the latest closing price.
ROSENSWEIG DANIEL, the PRESIDENT, CEO & CO-CHAIRMAN of Chegg Inc., purchase 25,000 shares at $28.52 during a trade that took place back on Dec 01, which means that ROSENSWEIG DANIEL is holding 49,000 shares at $712,908 based on the most recent closing price.
Stock Fundamentals for CHGG
Current profitability levels for the company are sitting at:
- +10.50 for the present operating margin
- +67.16 for the gross margin
The net margin for Chegg Inc. stands at -0.19. Equity return is now at value 6.00, with 2.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 14.19.