For the readers interested in the stock health of Chegg Inc. (CHGG). It is currently valued at $75.56. When the transactions were called off in the previous session, Stock hit the highs of $82.24, after setting-off with the price of $80.34. Company’s stock value dipped to $75.82 during the trading on the day. When the trading was stopped its value was $77.11.
Recently in News on October 26, 2020, Chegg Reports Strong Q3 2020 Financial Results and Raises Full Year 2020 Guidance. Chegg Subscribers increased 69% year-over-year. You can read further details here
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Chegg Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $89.99 on 10/26/20, with the lowest value was $25.89 for the same time period, recorded on 03/18/20.
Chegg Inc. (CHGG) full year performance was 136.61%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Chegg Inc. shares are logging -16.04% during the 52-week period from high price, and 191.83% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $25.89 and $89.99.
The company’s shares, operating in the sector of Consumer Defensive managed to top a trading volume set approximately around 815359 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Chegg Inc. (CHGG) recorded performance in the market was 103.40%, having the revenues showcasing 2.83% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 9.56B, as it employees total of 1401 workers.
Analysts verdict on Chegg Inc. (CHGG)
During the last month, 0 analysts gave the Chegg Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 73.54, with a change in the price was noted +18.03. In a similar fashion, Chegg Inc. posted a movement of +31.23% for the period of last 100 days, recording 3,068,389 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CHGG is recording 1.86 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.86.
Chegg Inc. (CHGG): Technical Analysis
Raw Stochastic average of Chegg Inc. in the period of last 50 days is set at 47.62%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 22.93%. In the last 20 days, the company’s Stochastic %K was 46.77% and its Stochastic %D was recorded 67.20%.
Let’s take a glance in the erstwhile performances of Chegg Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 103.40%. Additionally, trading for the stock in the period of the last six months notably improved by 83.51%, alongside a boost of 136.61% for the period of the last 12 months. The shares increased approximately by -11.39% in the 7-day charts and went down by 8.93% in the period of the last 30 days. Common stock shares were driven by 2.83% during last recorded quarter.