A new trading day began on Tuesday, with Chegg Inc (NYSE: CHGG) stock price down -3.03% from the previous day of trading, before settling in for the closing price of $0.77. CHGG’s price has ranged from $0.75 to $8.15 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Defensive Sector giant was 11.14%. Meanwhile, its annual earnings per share averaged -88.00%. With a float of $97.48 million, this company’s outstanding shares have now reached $104.88 million.
Let’s determine the extent of company efficiency that accounts for 1271 employees. In terms of profitability, gross margin is 70.7%, operating margin of -119.36%, and the pretax margin is -111.46%.
Chegg Inc (CHGG) Insider Activity
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 7.26%, while institutional ownership is 77.14%.
Chegg Inc (CHGG) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -88.00% per share during the next fiscal year.
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 0.83. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.13. Likewise, its price to free cash flow for the trailing twelve months is 1.56.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -8.13, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.00 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 2.09 million, which is a drop from its year-to-date volume of 3.4 million. As of the previous 9 days, the stock’s Stochastic %D was 8.64%. Additionally, its Average True Range was 0.11.
During the past 100 days, Chegg Inc’s (CHGG) raw stochastic average was set at 0.00%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 102.05% in the past 14 days, which was lower than the 109.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3280, while its 200-day Moving Average is $2.0569. However, in the short run, Chegg Inc’s stock first resistance to watch stands at $0.7754. Second resistance stands at $0.8040. The third major resistance level sits at $0.8184. If the price goes on to break the first support level at $0.7324, it is likely to go to the next support level at $0.7180. Should the price break the second support level, the third support level stands at $0.6894.
Chegg Inc (NYSE: CHGG) Key Stats
With a market capitalization of 78.48 million, the company has a total of 105,109K Shares Outstanding. Currently, annual sales are 617,570 K while annual income is -837,070 K. The company’s previous quarter sales were 143,480 K while its latest quarter income was -6,120 K.
