CHGG Stock Summary and Trading Ideas (Chegg | NYSE:CHGG)

Chegg Inc is an American educational services company. The Chegg platform provides products and services to support learners with their academic course materials, as well as their career and personal skills development. The company's service and product offerings fall into two categories: Subscription Services, which encompasses Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings that can be accessed internationally through the company's websites and on mobile devices, and Skills and Other, which encompasses skills, advertising services, print textbooks, and eTextbooks offerings.

Chegg trades on the NYSE stock market under the symbol CHGG.

As of April 19, 2024, CHGG stock price climbed to $7.09 with 2,040,309 million shares trading.

CHGG has a beta of 1.29, meaning it tends to be more sensitive to market movements. CHGG has a correlation of 0.04 to the broad based SPY ETF.

CHGG has a market cap of $729.91 million. This is considered a Small Cap stock.

Last quarter Chegg reported $188 million in Revenue and $.36 earnings per share. This beat revenue expectation by $637,000 and met earnings estimates .

In the last 3 years, CHGG stock traded as high as $96.94 and as low as $6.63.

The top ETF exchange traded funds that CHGG belongs to (by Net Assets): VTI, IWM, VB, VBR, VXF.

CHGG has underperformed the market in the last year with a return of -59.0%, while the SPY ETF gained +21.2%. In the last 3 month period, CHGG fell short of the market, returning -29.5%, while SPY returned +4.3%. However, in the most recent 2 weeks CHGG has outperformed the stock market by returning +0.4%, while SPY returned -3.5%.

CHGG support price is $6.82 and resistance is $7.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHGG stock will trade within this expected range on the day.