Chegg Inc (CHGG) with a beta value of 1.34 appears to be a promising investment opportunity.

On Friday, Chegg Inc (NYSE: CHGG) opened higher 3.74% from the last session, before settling in for the closing price of $2.14. Price fluctuations for CHGG have ranged from $1.95 to $11.48 over the past 52 weeks.

Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Defensive sector was 19.49%. Company’s average yearly earnings per share was noted -20.90% at the time writing. With a float of $98.41 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. In terms of profitability, gross margin is 67.62%, operating margin of -6.37%, and the pretax margin is -68.96%.

Chegg Inc (CHGG) Breakdown of a Key Holders of the stock

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 5.07%, while institutional ownership is 98.75%. 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

According to the Wall Street analysts, stocks earnings will be around -20.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% 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 0.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.34. Likewise, its price to free cash flow for the trailing twelve months is 2.78.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.30, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.99 in one year’s time.

Technical Analysis of Chegg Inc (CHGG)

Compared to the last year’s volume of 3.54 million, its volume of 3.64 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 70.33%. Additionally, its Average True Range was 0.22.

During the past 100 days, Chegg Inc’s (CHGG) raw stochastic average was set at 4.75%, which indicates a significant decrease from 53.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 134.99% in the past 14 days, which was higher than the 93.59% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.82, while its 200-day Moving Average is $6.81. Nevertheless, the first resistance level for the watch stands at $2.29 in the near term. At $2.35, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.43. If the price goes on to break the first support level at $2.14, it is likely to go to the next support level at $2.06. Now, if the price goes above the second support level, the third support stands at $2.00.

Chegg Inc (NYSE: CHGG) Key Stats

There are currently 102,217K shares outstanding in the company with a market cap of 230.15 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 163,150 K and its income totaled -616,880 K.