There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 -$0.30, or -1.82%, to $16.14. The Chegg Inc. has recorded 31,083 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Chegg Announces New $150 Million Accelerated Share Repurchase.
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This NYSE-listed company operates within the Education & Training Services industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $16.44 and fluctuated between $16.49 as its day high and $15.82 as its day low. The current market capitalization of Chegg Inc. is $2.11B. A total of 2.17 million shares were traded on the day, compared to an average of 2.69M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, CHGG has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 33,954 shares. Over the last 12 months, there were 15 BUYs and 34 SELLs from insiders. Insiders purchased 521,693 shares during that period but sold 153,896.
In the most recent transaction, Lem Esther sold 5,700 shares of CHGG for 16.86 per share on Mar 06. After the transaction, the CHIEF MARKETING OFFICER now owns 171,300 company shares. In a previous transaction on Mar 02, Schultz Nathan J. sold 4,041 shares at 15.64 per share. CHGG shares that Chief Operating Officer owns now total 224,637.
Among the insiders who sold shares, Schultz Nathan J. disposed of 4,140 shares on Feb 01 at a per-share price of $20.68. This resulted in the Chief Operating Officer holding 233,360 shares of CHGG after the transaction. In another insider transaction, Schultz Nathan J. sold 25,000 shares at $25.35 per share on Jan 03. Company shares held by the Chief Operating Officer now total 237,500.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CHGG in the last 3 months, the mean price target is $20.09 with high estimates of $25.00 and low estimates of $17.00. In terms of 52-week highs and lows, CHGG has a high of $37.64 and a low of $15.30.
As of this writing, CHGG has an earnings estimate of $0.25 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.29 per share and a lower estimate of $0.2. The company reported an EPS of $0.21 in the last quarter, which was 50.00% higher than expectations of $0.14.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.
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. Currently, 15 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 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 0 thought it should be Sold.