Chegg Inc (NYSE: CHGG) on Friday, plunged -1.37% from the previous trading day, before settling in for the closing price of $2.19. Within the past 52 weeks, CHGG’s price has moved between $1.95 and $11.48.
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Annual sales at Consumer Defensive sector company grew by 19.49% over the past five years. The company achieved an average annual earnings per share of -20.90%. With a float of $98.41 million, this company’s outstanding shares have now reached $102.82 million.
Let’s look at the performance matrix of the company that is accounted for 1979 employees. In terms of profitability, gross margin is 67.62%, operating margin of -6.37%, and the pretax margin is -68.96%.
Chegg Inc (CHGG) Insider and Institutional Ownership
Observing investor behavior towards Education & Training Services industry stocks is more important than anything else. The insider ownership of Chegg Inc is 5.07%, while institutional ownership is 98.69%. 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) Latest Financial update
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
Chegg Inc (CHGG) is currently performing well based on its current performance indicators. A quick ratio of 0.89 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.33. Likewise, its price to free cash flow for the trailing twelve months is 2.70.
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)
Chegg Inc (NYSE: CHGG) saw its 5-day average volume 2.93 million, a negative change from its year-to-date volume of 3.52 million. As of the previous 9 days, the stock’s Stochastic %D was 45.30%. Additionally, its Average True Range was 0.19.
During the past 100 days, Chegg Inc’s (CHGG) raw stochastic average was set at 3.70%, which indicates a significant decrease from 55.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.65% in the past 14 days, which was lower than the 93.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.76, while its 200-day Moving Average is $6.65. Nevertheless, the first resistance level for the watch stands at $2.22 in the near term. At $2.28, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.32. If the price goes on to break the first support level at $2.12, it is likely to go to the next support level at $2.08. The third support level lies at $2.02 if the price breaches the second support level.
Chegg Inc (NYSE: CHGG) Key Stats
Market capitalization of the company is 223.93 million based on 102,217K outstanding shares. Right now, sales total 716,300 K and income totals 18,180 K. The company made 163,150 K in profit during its latest quarter, and -616,880 K in sales during its previous quarter.
