A better buy-in window may exist right now for Chegg Inc (CHGG)

With 4.17 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.82 million shares. During the session, the Education & Training Services company that operates in wider Consumer Defensive sector, reached to the highest price of $1.78 whereas the lowest price it dropped to was $1.66. The 52-week range on CHGG shows that it touched its highest point at $11.48 and its lowest point at $1.34 during that stretch. It currently has a 1-year price target of $1.86. Beta for the stock currently stands at 1.29.

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Price Performance and Earnings:

Three-month performance dropped to -24.89% while six-month performance fell -60.73%. The stock lost -83.60% in the past year, while it has lost -84.86% so far this year. A look at the trailing 12-month EPS for CHGG yields -8.19 with Next year EPS estimates of 0.69. For the next quarter, that number is 0.18. This implies an EPS growth rate of -29.83% for this year and -10.13% for next year. EPS is expected to grow by 22.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -20.81%.

Float and Shares Shorts:

At present, 102.82 million CHGG shares are outstanding with a float of 98.53 million shares on hand for trading. On 2024-10-31, short shares totaled 10.37 million, which was 1000.0 higher than short shares on 1727654400. In addition to Mr. Daniel Lee Rosensweig as the firm’s Executive Co-Chairman, Mr. Nathan Schultz serves as its CEO, President, COO & Director.

Institutional Ownership:

Through their ownership of 0.83045 of CHGG’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, CHGG reported revenue of $163147000.0 and operating income of -$3476000.0. The EBITDA in the recently reported quarter was $23349000.0 and diluted EPS was -$6.01.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CHGG since 15 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 6 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CHGG analysts setting a high price target of 3.0 and a low target of 1.4, the average target price over the next 12 months is 1.85833. Based on these targets, CHGG could surge 74.42% to reach the target high and fall by -18.6% to reach the target low. Reaching the average price target will result in a growth of 8.04% from current levels.

Analysts have provided yearly estimates in a range of $0.88479 being high and $0.60241 being low. For CHGG, this leads to a yearly average estimate of $0.77184.