A new trading day began on Monday, with Chegg Inc (NYSE: CHGG) stock price down -3.81% from the previous day of trading, before settling in for the closing price of $7.09. CHGG’s price has ranged from $6.63 to $18.77 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Defensive sector was 19.49%. Meanwhile, its annual earnings per share averaged 3.73%. With a float of $98.77 million, this company’s outstanding shares have now reached $102.82 million.
Considering the fact that the conglomerate employs 1979 people, you should pay attention to its efficiency factor.
Chegg Inc (CHGG) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Education & Training Services Industry. The insider ownership of Chegg Inc is 4.06%, 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) Recent Fiscal highlights
In its latest quarterly report, released on 12/31/2023, the company reported earnings of 0.27 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.27 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
Here are Chegg Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.98. Likewise, its price to free cash flow for the trailing twelve months is 4.30.
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)
Compared to the last year’s volume of 2.67 million, its volume of 2.23 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 33.33%. Additionally, its Average True Range was 0.31.
During the past 100 days, Chegg Inc’s (CHGG) raw stochastic average was set at 3.92%, which indicates a significant decrease from 18.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.44% in the past 14 days, which was higher than the 39.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.96, while its 200-day Moving Average is $9.29. Nevertheless, the first resistance level for the watch stands at $7.06 in the near term. At $7.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.42. If the price goes on to break the first support level at $6.70, it is likely to go to the next support level at $6.58. Now, if the price goes above the second support level, the third support stands at $6.34.
Chegg Inc (NYSE: CHGG) Key Stats
With a market capitalization of 702.12 million, the company has a total of 102,949K Shares Outstanding. Currently, annual sales are 716,300 K while annual income is 18,180 K. The company’s previous quarter sales were 187,990 K while its latest quarter income was 9,670 K.
