A new trading day began on Monday, with Chegg Inc (NYSE: CHGG) stock price up 8.14% from the previous day of trading, before settling in for the closing price of $1.72. CHGG’s price has ranged from $1.48 to $11.48 over the past 52 weeks.
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Annual sales at Consumer Defensive sector company grew by 19.49% over the past five years. Meanwhile, its annual earnings per share averaged -23.15%. With a float of $98.01 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 Updates
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 5.46%, while institutional ownership is 91.07%. 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) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.18 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 -23.15% 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
Here are Chegg Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.28. Likewise, its price to free cash flow for the trailing twelve months is 2.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.30, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.98 in one year’s time.
Technical Analysis of Chegg Inc (CHGG)
Chegg Inc (NYSE: CHGG) saw its 5-day average volume 2.91 million, a negative change from its year-to-date volume of 3.56 million. As of the previous 9 days, the stock’s Stochastic %D was 56.19%. Additionally, its Average True Range was 0.13.
During the past 100 days, Chegg Inc’s (CHGG) raw stochastic average was set at 16.31%, which indicates a significant decrease from 84.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.39% in the past 14 days, which was lower than the 87.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.7220, while its 200-day Moving Average is $4.4387. Nevertheless, the first resistance level for the watch stands at $1.9133 in the near term. At $1.9666, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.0532. If the price goes on to break the first support level at $1.7734, it is likely to go to the next support level at $1.6868. Assuming the price breaks the second support level, the third support level stands at $1.6335.
Chegg Inc (NYSE: CHGG) Key Stats
With a market capitalization of 192.82 million, the company has a total of 102,217K Shares Outstanding. Currently, annual sales are 716,300 K while annual income is 18,180 K. The company’s previous quarter sales were 163,150 K while its latest quarter income was -616,880 K.
