The stock of Chegg Inc. (CHGG) has gone down by -1.17% for the week, with a -49.18% drop in the past month and a -41.71% drop in the past quarter. The volatility ratio for the week is 3.70%, and the volatility levels for the past 30 days are 5.39% for CHGG. The simple moving average for the last 20 days is -14.06% for CHGG stock, with a simple moving average of -54.26% for the last 200 days.
Is It Worth Investing in Chegg Inc. (NYSE: CHGG) Right Now?
The price-to-earnings ratio for Chegg Inc. (NYSE: CHGG) is above average at 5.19x, while the 36-month beta value is 1.19.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 13 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for Chegg Inc. (CHGG) is $13.60, which is $5.63 above the current market price. The public float for CHGG is 116.63M, and currently, short sellers hold a 7.87% ratio of that floaft. The average trading volume of CHGG on May 26, 2023 was 4.53M shares.
CHGG) stock’s latest price update
Chegg Inc. (NYSE: CHGG)’s stock price has decreased by -3.82 compared to its previous closing price of 9.69. However, the company has seen a -1.17% decrease in its stock price over the last five trading sessions. The Wall Street Journal reported on 05/02/23 that Chegg Stock Cut in Half After Warning ChatGPT Is Hurting Growth
CHGG Trading at -35.38% 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 -68.99% of loss for the given period.
Volatility was left at 5.39%, however, over the last 30 days, the volatility rate increased by 3.70%, as shares sank -48.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.22% lower at present.
During the last 5 trading sessions, CHGG fell by -1.17%, which changed the moving average for the period of 200-days by -56.77% in comparison to the 20-day moving average, which settled at $10.40. In addition, Chegg Inc. saw -63.12% 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 Schultz Nathan J., who sale 7,007 shares at the price of $16.10 back on Mar 15. After this action, Schultz Nathan J. now owns 235,626 shares of Chegg Inc., valued at $112,801 using the latest closing price.
Lem Esther, the CHIEF MARKETING OFFICER of Chegg Inc., sale 5,700 shares at $16.86 during a trade that took place back on Mar 06, which means that Lem Esther is holding 171,300 shares at $96,128 based on the most recent closing price.
Stock Fundamentals for CHGG
Current profitability levels for the company are sitting at:
- +1.92 for the present operating margin
- +74.26 for the gross margin
The net margin for Chegg Inc. stands at +34.77. The total capital return value is set at 0.58, while invested capital returns managed to touch 10.42. Equity return is now at value 26.40, with 10.70 for asset returns.
Based on Chegg Inc. (CHGG), the company’s capital structure generated 108.32 points at debt to equity in total, while total debt to capital is 52.00. Total debt to assets is 49.06, with long-term debt to equity ratio resting at 107.65. Finally, the long-term debt to capital ratio is 51.67.
When we switch over and look at the enterprise to sales, we see a ratio of 1.74, with the company’s debt to enterprise value settled at 0.31. The receivables turnover for the company is 37.08 and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.24.
Conclusion
In a nutshell, Chegg Inc. (CHGG) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
