The stock price of Chegg Inc (NYSE: CHGG) has jumped by 3.47 compared to previous close of 1.44. Despite this, the company has seen a fall of -7.45% in its stock price over the last five trading days. businesswire.com reported 2025-01-29 that SANTA CLARA, Calif.–(BUSINESS WIRE)–Chegg, Inc. (NYSE: CHGG) today announced its third annual Global Student Mental Health Week will take place February 24 to March 2. Partnering with leading global nonprofits, higher education institutions, influencers, and more, this year’s initiative centers on the theme of “In It Together,” emphasizing the power of support networks and shared experiences. Global Student Mental Health Week aims to empower college students to prioritize their mental health.
Is It Worth Investing in Chegg Inc (NYSE: CHGG) Right Now?
CHGG has 36-month beta value of 1.48. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 2 as “sell.”
The public float for CHGG is 96.59M, and currently, short sellers hold a 10.11% ratio of that float. The average trading volume of CHGG on February 05, 2025 was 3.63M shares.
CHGG’s Market Performance
The stock of Chegg Inc (CHGG) has seen a -7.45% decrease in the past week, with a -11.31% drop in the past month, and a -6.88% fall in the past quarter. The volatility ratio for the week is 9.19%, and the volatility levels for the past 30 days are at 8.17% for CHGG. The simple moving average for the last 20 days is -5.40% for CHGG’s stock, with a simple moving average of -43.70% for the last 200 days.
Analysts’ Opinion of CHGG
Many brokerage firms have already submitted their reports for CHGG stocks, with Morgan Stanley repeating the rating for CHGG by listing it as a “Underweight.” The predicted price for CHGG in the upcoming period, according to Morgan Stanley is $1.25 based on the research report published on January 14, 2025 of the current year 2025.
Morgan Stanley gave a rating of “Equal-Weight” to CHGG, setting the target price at $3.25 in the report published on July 16th of the previous year.
CHGG Trading at -19.95% 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 -84.72% of loss for the given period.
Volatility was left at 8.17%, however, over the last 30 days, the volatility rate increased by 9.19%, as shares sank -9.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.31% lower at present.
During the last 5 trading sessions, CHGG fell by -7.45%, which changed the moving average for the period of 200-days by -78.41% in comparison to the 20-day moving average, which settled at $1.5750. In addition, Chegg Inc saw -7.45% in overturn over a single year, with a tendency to cut further losses.
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 0.77 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 3.38. 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 0.95. 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 put it simply, Chegg Inc (CHGG) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
