On Monday, Chegg Inc (NYSE: CHGG) opened lower -3.92% from the last session, before settling in for the closing price of $7.15. Price fluctuations for CHGG have ranged from $6.98 to $18.77 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Defensive Sector giant was 19.49%. Company’s average yearly earnings per share was noted 3.73% at the time writing. With a float of $99.02 million, this company’s outstanding shares have now reached $102.82 million.
Let’s determine the extent of company efficiency that accounts for 1979 employees.
Chegg Inc (CHGG) Insider Activity
A key investor’s attitude towards the stock of the Education & Training Services industry is another important factor to consider. The insider ownership of Chegg Inc is 3.81%, while institutional ownership is 97.39%. The most recent insider transaction that took place on Dec 13 ’23, was worth 14,054. In this transaction CHIEF OPERATING OFFICER of this company sold 1,350 shares at a rate of $10.41, taking the stock ownership to the 421,025 shares. Before that another transaction happened on Dec 04 ’23, when Company’s CHIEF OPERATING OFFICER sold 630 for $10.13, making the entire transaction worth $6,382. This insider now owns 426,802 shares in total.
Chegg Inc (CHGG) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.87 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.73% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to -20.81% drop over the previous five years of trading.
Chegg Inc (NYSE: CHGG) Trading Performance Indicators
Check out the current performance indicators for Chegg Inc (CHGG). In the past quarter, the stock posted a quick ratio of 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.99. Likewise, its price to free cash flow for the trailing twelve months is 4.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.37, a number that is poised to hit 0.25 in the next quarter and is forecasted to reach 1.17 in one year’s time.
Technical Analysis of Chegg Inc (CHGG)
Looking closely at Chegg Inc (NYSE: CHGG), its last 5-days average volume was 2.07 million, which is a drop from its year-to-date volume of 2.7 million. As of the previous 9 days, the stock’s Stochastic %D was 32.74%. Additionally, its Average True Range was 0.32.
During the past 100 days, Chegg Inc’s (CHGG) raw stochastic average was set at 2.54%, which indicates a significant decrease from 12.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.26% in the past 14 days, which was higher than the 40.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.17, while its 200-day Moving Average is $9.34. However, in the short run, Chegg Inc’s stock first resistance to watch stands at $7.14. Second resistance stands at $7.41. The third major resistance level sits at $7.61. If the price goes on to break the first support level at $6.67, it is likely to go to the next support level at $6.48. Should the price break the second support level, the third support level stands at $6.21.
Chegg Inc (NYSE: CHGG) Key Stats
There are currently 102,949K shares outstanding in the company with a market cap of 707.27 million. Presently, the company’s annual sales total 716,300 K according to its annual income of 18,180 K. Last quarter, the company’s sales amounted to 187,990 K and its income totaled 9,670 K.
