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Chegg Inc. (CHGG) Reveals an Earnings Mystery

Chegg Inc. (NYSE:CHGG) went down by -5.03% from its latest closing price compared to the recent 1-year high of $75.56. The company’s stock price has collected -8.71% of loss 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 64.82 x from its present earnings ratio. Plus, the 36-month beta value for CHGG is at 1.08. 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.”

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The average price from analysts is $23.82, which is $3.61 above the current price. CHGG currently public float of 123.69M and currently shorts hold a 5.10% ratio of that float. Today, the average trading volume of CHGG was 2.06M shares.

CHGG’s Market Performance

CHGG stocks went down by -8.71% for the week, with a monthly jump of 1.99% and a quarterly performance of 8.33%, while its annual performance rate touched -73.10%. The volatility ratio for the week stands at 5.54% while the volatility levels for the past 30 days are set at 4.54% for Chegg Inc. The simple moving average for the period of the last 20 days is -4.60% for CHGG stocks with a simple moving average of -20.35% for the last 200 days.

Analysts’ Opinion of CHGG

Many brokerage firms have already submitted their reports for CHGG stocks, with Northland Capital repeating the rating for CHGG by listing it as a “Outperform.” The predicted price for CHGG in the upcoming period, according to Northland Capital is $30 based on the research report published on September 08th of the current year 2022.

Goldman, on the other hand, stated in their research note that they expect to see CHGG reach a price target of $20. The rating they have provided for CHGG stocks is “Neutral” according to the report published on July 15th, 2022.

CHGG Trading at -4.44% 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 -73.49% of loss for the given period.

Volatility was left at 4.54%, however, over the last 30 days, the volatility rate increased by 5.54%, as shares surge +1.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.98% upper at present.

During the last 5 trading sessions, CHGG fell by -8.71%, which changed the moving average for the period of 200-days by -29.87% in comparison to the 20-day moving average, which settled at $21.01. In addition, Chegg Inc. saw -34.76% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

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 4.30, with 1.50 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 14.19.

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