The stock of Chegg Inc (CHGG) has gone up by 11.81% for the week, with a 54.07% rise in the past month and a 40.21% rise in the past quarter. The volatility ratio for the week is 9.03%, and the volatility levels for the past 30 days are 9.77% for CHGG. The simple moving average for the last 20 days is 28.08% for CHGG stock, with a simple moving average of -29.71% for the last 200 days.
Is It Worth Investing in Chegg Inc (NYSE: CHGG) Right Now?
Moreover, the 36-month beta value for CHGG is 1.36. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for CHGG is 98.53M and currently, short sellers hold a 10.84% of that float. On December 10, 2024, CHGG’s average trading volume was 4.10M shares.
CHGG) stock’s latest price update
The stock price of Chegg Inc (NYSE: CHGG) has surged by 10.42 when compared to previous closing price of 2.40, but the company has seen a 11.81% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-05 that Twenty-six new analysts joined Seeking Alpha in November, sharing diverse investment ideas highlighting their unique backgrounds and expertise. Top picks include U.S. Bancorp Preferred Series A, Hershey, and PepsiCo, emphasizing undervalued opportunities, dividend stability, and strategic growth potential. Analysts also spotlighted strong sell recommendations like BlackRock Science and Technology Trust and Luckin Coffee, citing fundamental flaws and competitive disadvantages.
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 45.89% 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 -76.92% of loss for the given period.
Volatility was left at 9.77%, however, over the last 30 days, the volatility rate increased by 9.03%, as shares surge +54.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.72% upper at present.
During the last 5 trading sessions, CHGG rose by +11.81%, which changed the moving average for the period of 200-days by -70.29% in comparison to the 20-day moving average, which settled at $2.07. In addition, Chegg Inc saw -76.67% 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.
Stock Fundamentals for CHGG
Current profitability levels for the company are sitting at:
- -1.05 for the present operating margin
- 0.73 for the gross margin
The net margin for Chegg Inc stands at -1.24. The total capital return value is set at -1.52. Equity return is now at value -134.82, with -58.51 for asset returns.
Based on Chegg Inc (CHGG), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 3.25. The interest coverage ratio of the stock is -266.14.
Currently, EBITDA for the company is 183.8 million with net debt to EBITDA at -0.86. When we switch over and look at the enterprise to sales, we see a ratio of 1.13. The receivables turnover for the company is 27.88for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
To wrap up, the performance of Chegg Inc (CHGG) has been mixed in recent times. The stock has received a mixed 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.
