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Friday, February 3, 2023

Chegg Inc. (NYSE: CHGG) Could Be Viewed Differently By Investors Because Of These Numbers

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 same, with the stock’s consolidated last price remained same to $29.59. The Chegg Inc. has recorded 63,787 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Chegg Gives its Students Globally, Free Access to World’s #1 App for Sleep, Meditation and Relaxation.

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Stocks Info

The company is listed on the NYSE and operates within the Education & Training Services industry segment. At the end of the last regular session, the stock closed at $29.59 and fluctuated between $29.95 as its day high and $29.12 as its day low. The current market capitalization of Chegg Inc. is $3.68B. A total of 1.33 million shares were traded on the day, compared to an average of 1.63M shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CHGG has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 12,890 shares. Over the last 12 months, there were 26 BUYs and 32 SELLs from insiders. Insiders purchased 889,254 shares during that period but sold 175,893.

In the most recent transaction, LEBLANC PAUL sold 12,890 shares of CHGG for 28.00 per share on Nov 15. After the transaction, the Director now owns 11,861 company shares.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CHGG in the last 3 months, the mean price target is $26.18 with high estimates of $32.00 and low estimates of $18.00. In terms of 52-week highs and lows, CHGG has a high of $37.64 and a low of $15.66.

As of this writing, CHGG has an earnings estimate of $0.14 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.19 per share and a lower estimate of $0.05. The company reported an EPS of $0.32 in the last quarter, which was 33.30% higher than expectations of $0.24.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.50. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 11 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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