Chegg Price Target Lowered to 1.75 at The Goldman Sachs Group
CHGG Stock | USD 1.85 0.12 6.09% |
Roughly 54% of Chegg's investor base is interested to short. The analysis of overall sentiment of trading Chegg Inc stock suggests that many investors are impartial at this time. The current market sentiment, together with Chegg's historical and current headlines, can help investors time the market. In addition, many technical investors use Chegg Inc stock news signals to limit their universe of possible portfolio assets.
Chegg |
Chegg had its target price decreased by stock analysts at The Goldman Sachs Group from 3.75 to 1.75 in a report issued on Thursday,Benzinga reports. The firm presently has a neutral rating on the technology companys stock. The Goldman Sachs Groups target price indicates a potential upside of 4.79 percent from
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Chegg Inc Current Investor Sentiment
Panic Vs Confidence
46
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Chegg's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Chegg Inc.
News SentimentBullish | Hype SentimentBearish | Insider SentimentDisposing |
Chegg Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Chegg can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Chegg Inc Historical Investor Sentiment
Investor biases related to Chegg's public news can be used to forecast risks associated with an investment in Chegg. The trend in average sentiment can be used to explain how an investor holding Chegg can time the market purely based on public headlines and social activities around Chegg Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Chegg's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Chegg and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Chegg news discussions. The higher the estimate score, the more favorable the investor's outlook on Chegg.
Chegg Fundamental Analysis
We analyze Chegg's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Chegg using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Chegg based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Shares Owned By Insiders
Shares Owned By Insiders Comparative Analysis
Chegg is currently under evaluation in shares owned by insiders category among its peers. Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
Chegg Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Chegg stock to make a market-neutral strategy. Peer analysis of Chegg could also be used in its relative valuation, which is a method of valuing Chegg by comparing valuation metrics with similar companies.
Peers
Chegg Related Equities
EEIQ | Elite Education | 3.77 | ||||
EDU | New Oriental | 2.09 | ||||
UDMY | Udemy | 1.68 | ||||
LRN | Stride | 0.75 | ||||
COUR | Coursera | 0.60 | ||||
DAO | Youdao | 0.42 | ||||
TAL | TAL Education | 0.10 | ||||
GOTU | Gaotu Techedu | 2.53 | ||||
YQ | 17 Education | 3.73 | ||||
ATGE | Adtalem Global | 4.72 |
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