Chegg Inc Stock Price on December 2, 2024
| CHGG Stock | USD 2.46 0.19 7.17% |
Below is the normalized historical share price chart for Chegg Inc extending back to November 13, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Chegg stands at 2.46, as last reported on the 11th of December 2024, with the highest price reaching 2.65 and the lowest price hitting 2.40 during the day.
If you're considering investing in Chegg Stock, it is important to understand the factors that can impact its price. Chegg appears to be unstable, given 3 months investment horizon. Chegg Inc secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. By analyzing Chegg's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of Chegg's mean deviation of 4.42, and Risk Adjusted Performance of 0.0903 to double-check if our risk estimates are consistent with your expectations.
The Chegg's current Stock Based Compensation is estimated to increase to about 140.2 M, while Common Stock Shares Outstanding is projected to decrease to roughly 100.1 M. . At this time, Chegg's Price To Operating Cash Flows Ratio is most likely to increase significantly in the upcoming years. The Chegg's current Price To Book Ratio is estimated to increase to 2.24, while Price Earnings To Growth Ratio is forecasted to increase to (0.59). Chegg Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 13th of November 2013 | 200 Day MA 3.7699 | 50 Day MA 1.8164 | Beta 1.314 |
Chegg |
Sharpe Ratio = 0.1084
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Estimated Market Risk
| 5.56 actual daily | 49 51% of assets are more volatile |
Expected Return
| 0.6 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Chegg is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Chegg by adding it to a well-diversified portfolio.
Price Book 1.4943 | Enterprise Value Ebitda 2.9713 | Price Sales 0.4175 | Shares Float 94.5 M | Wall Street Target Price 1.8583 |
Chegg Valuation on December 2, 2024
It is possible to determine the worth of Chegg on a given historical date. On December 2, 2024 Chegg was worth 2.11 at the beginning of the trading date compared to the closed value of 2.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chegg stock. Still, in general, we apply an absolute valuation method to find Chegg's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Chegg where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chegg's related companies.
| Open | High | Low | Close | Volume | |
| 2.27 | 2.30 | 2.09 | 2.11 | 3,513,559 | |
12/02/2024 | 2.11 | 2.40 | 2.10 | 2.37 | 7,248,036 |
| 2.37 | 2.47 | 2.29 | 2.45 | 5,794,501 |
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Chegg Trading Date Momentum on December 2, 2024
| On December 03 2024 Chegg Inc was traded for 2.45 at the closing time. The top price for the day was 2.47 and the lowest listed price was 2.29 . The trading volume for the day was 5.8 M. The trading history from December 3, 2024 was a factor to the next trading day price rise. The overall trading delta against the next closing price was 3.38% . The overall trading delta against the current closing price is 10.97% . |
Chegg Inc Fundamentals Correlations and Trends
By evaluating Chegg's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Chegg's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chegg financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Chegg Stock history
Chegg investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Chegg is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chegg Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Chegg stock prices may prove useful in developing a viable investing in Chegg
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 128.6 M | 100.1 M | |
| Net Income Applicable To Common Shares | 306.6 M | 322 M |
Chegg Stock Technical Analysis
Chegg technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Chegg Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Chegg December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Chegg stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chegg shares will generate the highest return on investment. By undertsting and applying Chegg stock market strength indicators, traders can identify Chegg Inc entry and exit signals to maximize returns
Chegg Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Chegg's price direction in advance. Along with the technical and fundamental analysis of Chegg Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chegg to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0903 | |||
| Jensen Alpha | 0.4835 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.1068 | |||
| Treynor Ratio | 0.5522 |
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| Volume Indicators |
Complementary Tools for Chegg Stock analysis
When running Chegg's price analysis, check to measure Chegg's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chegg is operating at the current time. Most of Chegg's value examination focuses on studying past and present price action to predict the probability of Chegg's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chegg's price. Additionally, you may evaluate how the addition of Chegg to your portfolios can decrease your overall portfolio volatility.
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