Investors’ Patience Is Being Tested Right Now By Chegg Inc. (NYSE: CHGG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Chegg Inc. (CHGG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.46, or -6.92%, to $19.63. Volume reached 50,587 shares, with price reaching a high of $20.03 and a low of $19.63. Yahoo Finance discussed the stock recently as it posted Chegg, a Leading Online Learning Company, Expands Uversity to Canada and the United Kingdom.

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Stocks Info

Chegg Inc. is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Education & Training Services industry. At the end of the last regular session, the stock closed at $20.03 and fluctuated between $21.14 as its day high and $19.92 as its day low. The current market capitalization of Chegg Inc. is $2.75B. A total of 1.3 million shares were traded on the day, compared to an average of 2.06M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CHGG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 31 BUYs and 32 SELLs from insiders. Insiders purchased 957,448 shares during that period but sold 174,520.

In the most recent transaction, SCHLEIN TED bought 35,470 shares of CHGG for 28.54 per share on Dec 02. After the transaction, the Director now owns 80,470 company shares. In a previous transaction on Dec 01, ROSENSWEIG DANIEL bought 25,000 shares at 28.52 per share. CHGG shares that PRESIDENT, CEO & CO-CHAIRMAN owns now total 49,000.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CHGG in the last 3 months, the mean price target is $23.82 with high estimates of $30.00 and low estimates of $15.00. In terms of 52-week highs and lows, CHGG has a high of $75.56 and a low of $15.66.

As of this writing, CHGG has an earnings estimate of $-0.06 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.0 per share and a lower estimate of $-0.13. The company reported an EPS of $0.16 in the last quarter, which was 23.08% higher than expectations of $0.13.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 16 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CHGG is Underweight with a score of 3.43. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 12 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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