Chegg Inc (NYSE:CHGG) price on Thursday, March 20, fall -0.63% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.74.
A look at the stock’s price movement, the close in the last trading session was $0.74, moving within a range at $0.735 and $0.786. The beta value (5-Year monthly) was 1.519. Turning to its 52-week performance, $8.15 and $0.74 were the 52-week high and 52-week low respectively. Overall, CHGG moved -50.73% over the past month.
Chegg Inc’s market cap currently stands at around $77.69 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-23.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CHGG is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 2 recommend CHGG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 6 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CHGG’s current price about -21.60% and -42.67% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.15, while 7-day volatility ratio is 6.74% and 11.28% in the 30-day chart. Further, Chegg Inc (CHGG) has a beta value of 1.76, and an average true range (ATR) of 0.10. Analysts have given the company’s stock an average 52-week price target of $2.75, forecast between a low of $1.5 and high of $4. Looking at the price targets, the low is -102.7% off current price level while to achieve the yearly target high, price needs to move -440.54%. Nonetheless, investors will most likely welcome a -271.62% jump to $2.75 which is the analysts’ median price.
If we refocus on Chegg Inc (NYSE:CHGG), historical trading data shows that trading volumes averaged 2.99 over the past 10 days and 3.34 million over the past 3 months. The company’s latest data on shares outstanding shows there are 104.88 million shares.
The 7.16% of Chegg Inc’s shares are in the hands of company insiders while institutional holders own 77.14% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.07 million on 2025-02-28, giving us a short ratio of 2.66. The data shows that as of 2025-02-28 short interest in Chegg Inc (CHGG) stood at 1265.9999999999998 of shares outstanding, with shares short falling to 10.6 million registered in 2025-01-31. Current price change has pushed the stock -54.09% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CHGG stock continues to rise going into the next quarter.
