Chegg Inc [NYSE: CHGG] loss -11.56% on the last trading session, reaching $1.53 price per share at the time.
If compared to the average trading volume of 3.68M shares, CHGG reached a trading volume of 4667444 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Chegg Inc [CHGG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHGG shares is $1.73 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHGG stock is a recommendation set at 3.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Chegg Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 14, 2025. The new note on the price target was released on August 06, 2024, representing the official price target for Chegg Inc stock. Previously, the target price had yet another drop from $6.50 to $3.25, while Morgan Stanley kept a Equal-Weight rating on CHGG stock. On April 30, 2024, analysts decreased their price target for CHGG shares from 7 to 4.
The Average True Range (ATR) for Chegg Inc is set at 0.15, with the Price to Sales ratio for CHGG stock in the period of the last 12 months amounting to 0.24. The Price to Book ratio for the last quarter was 0.86, with the Price to Cash per share for the same quarter was set at 3.47. Price to Free Cash Flow for CHGG in the course of the last twelve months was 1.64 with Quick ratio for the last quarter at 0.91.
Trading performance analysis for CHGG stock
Chegg Inc [CHGG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.08. With this latest performance, CHGG shares dropped by -3.16% in over the last four-week period, additionally sinking by -55.00% over the last 6 months – not to mention a drop of -84.94% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CHGG stock in for the last two-week period is set at 43.97, with the RSI for the last a single of trading hit 44.55, and the three-weeks RSI is set at 44.31 for Chegg Inc [CHGG]. The present Moving Average for the last 50 days of trading for this stock 1.8746, while it was recorded at 1.5720 for the last single week of trading, and 2.7273 for the last 200 days.
Chegg Inc [CHGG]: A deeper dive into fundamental analysis
Chegg Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.91 and a Current Ratio set at 0.91.
Chegg Inc [CHGG]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CHGG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Chegg Inc go to -22.89%.
An analysis of Institutional ownership at Chegg Inc [CHGG]
There are presently around $82.43%, or 86.09%% of CHGG stock, in the hands of institutional investors. The top three institutional holders of CHGG stocks are: VANGUARD GROUP INC with ownership of 11.47 million shares, which is approximately 11.2071%. BLACKROCK INC., holding 9.41 million shares of the stock with an approximate value of $$29.72 million in CHGG stocks shares; and BLACKROCK INC., currently with $$17.2 million in CHGG stock with ownership which is approximately 5.3195%.
