While Chegg Inc has underperformed by -10.86%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CHGG fell by -58.40%, with highs and lows ranging from $3.81 to $0.44, whereas the simple moving average jumped by 10.00% in the last 200 days.
On April 08, 2025, JP Morgan Downgraded Chegg Inc (NYSE: CHGG) to Underweight. A report published by Morgan Stanley on January 14, 2025, Downgraded its rating to ‘Underweight’ for CHGG. Morgan Stanley July 16, 2024d the rating to Equal-Weight on July 16, 2024, and set its price target from $6.50 to $3.25. Jefferies April 30, 2024d its ‘Hold’ rating to ‘Underperform’ for CHGG, as published in its report on April 30, 2024. Craig Hallum’s report from April 30, 2024 suggests a price prediction of $7 for CHGG shares, giving the stock a ‘Hold’ rating. JP Morgan also rated the stock as ‘Neutral’.
Analysis of Chegg Inc (CHGG)
Further, the quarter-over-quarter decrease in sales is -30.38%, showing a negative trend in the upcoming months.
One of the most important indicators of Chegg Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -148.48% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.23, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and CHGG is recording 3.20M average volume. On a monthly basis, the volatility of the stock is set at 9.21%, whereas on a weekly basis, it is put at 17.87%, with a gain of 28.93% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.00, showing decline from the present price of $1.56, which can serve as yet another indication of whether CHGG is worth investing in or should be passed over.
How Do You Analyze Chegg Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.17%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 63.34% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
