With 3.35 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.28 million shares. The 52-week range on CHGG shows that it touched its highest point at $3.81 and its lowest point at $0.44 during that stretch. It currently has a 1-year price target of $1.00. Beta for the stock currently stands at 1.77.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CHGG was down-trending over the past week, with a drop of -15.43%, but this was up by 80.84% over a month. Three-month performance surged to 92.21% while six-month performance fell -35.65%. The stock lost -56.85% in the past year, while it has lost -8.07% so far this year. A look at the trailing 12-month EPS for CHGG yields -8.29 with Next year EPS estimates of 0.12. For the next quarter, that number is 0.06. This implies an EPS growth rate of -78.67% for this year and -26.29% for next year.
Float and Shares Shorts:
At present, 105.38 million CHGG shares are outstanding with a float of 98.96 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.82882 being high and $0.63507 being low. For CHGG, this leads to a yearly average estimate of $0.775. Based on analyst estimates, the high estimate for the next quarter is $0.04 and the low estimate is $0.03. The average estimate for the next quarter is thus $0.04.
