The stock of Chegg Inc (NYSE: CHGG) has increased by 6.88 when compared to last closing price of 1.60.Despite this, the company has seen a gain of 12.50% in its stock price over the last five trading days. businesswire.com reported 2024-10-10 that SANTA CLARA, Calif.–(BUSINESS WIRE)–Chegg, Inc. (NYSE: CHGG), a leading student-first online learning platform, announced today that it is scheduled to release its earnings results on Tuesday, November 12, 2024, after market close for the third quarter of 2024, which ended on September 30, 2024. Chegg will host a conference call to discuss the third-quarter financial results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-877-407-4018 or o.
Is It Worth Investing in Chegg Inc (NYSE: CHGG) Right Now?
Moreover, the 36-month beta value for CHGG is 1.31. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for CHGG is 98.51M and currently, short sellers hold a 12.05% of that float. On October 29, 2024, CHGG’s average trading volume was 3.86M shares.
CHGG’s Market Performance
CHGG’s stock has seen a 12.50% increase for the week, with a -3.39% drop in the past month and a -49.71% fall in the past quarter. The volatility ratio for the week is 9.69%, and the volatility levels for the past 30 days are at 7.46% for Chegg Inc. The simple moving average for the past 20 days is 5.82% for CHGG’s stock, with a -64.87% simple moving average for the past 200 days.
Analysts’ Opinion of CHGG
Morgan Stanley, on the other hand, stated in their research note that they expect to see CHGG reach a price target of $3.25, previously predicting the price at $6.50. The rating they have provided for CHGG stocks is “Equal-Weight” according to the report published on July 16th, 2024.
Jefferies gave a rating of “Underperform” to CHGG, setting the target price at $4 in the report published on April 30th of the current year.
CHGG Trading at -6.04% 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 -85.10% of loss for the given period.
Volatility was left at 7.46%, however, over the last 30 days, the volatility rate increased by 9.69%, as shares sank -3.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.59% lower at present.
During the last 5 trading sessions, CHGG rose by +12.50%, which changed the moving average for the period of 200-days by -84.27% in comparison to the 20-day moving average, which settled at $1.6160. In addition, Chegg Inc saw -84.95% 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 1,350 shares at the price of $10.41 back on Dec 13 ’23. After this action, Schultz Nathan J. now owns 421,025 shares of Chegg Inc, valued at $14,054 using the latest closing price.
Schultz Nathan J., the CHIEF OPERATING OFFICER of Chegg Inc, sale 630 shares at $10.13 during a trade that took place back on Dec 04 ’23, which means that Schultz Nathan J. is holding 426,802 shares at $6,382 based on the most recent closing price.
Stock Fundamentals for CHGG
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.68 for the gross margin
The net margin for Chegg Inc stands at -0.92. The total capital return value is set at -0.07. Equity return is now at value -89.53, with -40.67 for asset returns.
Based on Chegg Inc (CHGG), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 1.64. The interest coverage ratio of the stock is -16.18.
Currently, EBITDA for the company is 61.99 million with net debt to EBITDA at 7.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.97. The receivables turnover for the company is 32.6for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
To wrap up, the performance of Chegg Inc (CHGG) has been bad in recent times. The stock has received a bullish of “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.
