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Last Price: 10.85 - Change: 0.34 - Change %: 3.235
12/07/2023 16:10:00 EST

Chegg Inc (CHGG)

Industry: Education & Training Services

Price Support Resistance

In the past 30 trading days, CHGG has been trading in a range between $10.49 and $7.50 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

CHGG is trading below resistance at $18.48, about 70% to the upside. There is support at $10.15 -6% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Chegg Inc (CHGG) entered a Green zone 17 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 2.941, which is a Hold. The current analyst target price is $12.88, which gives it a potential upside of 18.71 % from the recent price of 10.85. The stock is trading 167.19% (potential upside) below its 52 week high of $28.99 and 48.22 % (potential downside) above its 52 week low of $7.32 - based on the recent price.

Company Summary

Chegg, Inc operates direct-to-student learning platform that supports students starting with their academic journey and extending into their careers with products and services to support learner with their academic course materials. The company offers Chegg Services, which include subscription services; and skills and other, including skills, advertising services, print textbooks, and eTextbooks.

CHGG Website

News

3 Hard-Hit Stocks That Can Bounce Back in 2024
Chewy, Sleep Number, and Chegg have fallen by 50% to 64% this year. Chewy is struggling to grow its active customers, but getting shoppers to spend more is still delivering double-digit revenue growth.
Source: The Motley Fool
Wed, 29 Nov 2023 10:45:00 -0500
Sentiment: Neutral
From Nvidia to Meta, these 9 companies are hiring the most generative AI talent
Companies are actively hiring workers with generative AI skills.   Meta, Amazon, and Capital One are among the employers with the most job listings referencing genAI.
Source: Business Insider
Mon, 27 Nov 2023 05:07:01 -0500
Sentiment: Positive
UserWay Expands Executive Leadership with Key Appointments in Product and Communications
Full-Service Digital Accessibility Platform Appoints Sophia Tupolev-Luz as VP of Communications and Etay Geller as VP of Product WILMINGTON, Del. , Nov. 20, 2023 /PRNewswire/ -- UserWay (TASE: UWAY), a full-service provider of digital accessibility technologies, announced the appointments of Sophia Tupolev-Luz as Vice President of Communications and Etay Geller as Vice President of Product.
Source: PRNewsWire
Mon, 20 Nov 2023 07:00:00 -0500
Sentiment: Neutral
3 AI Stocks You'll Regret Not Buying Soon: November 2023
If you didn't jump on Nvidia (NASDAQ: NVDA ), Palantir (NYSE: PLTR ), or any of the other big-name AI stocks this year, don't worry. You haven't missed your chance because many smaller AI companies are flying under the radar.
Source: InvestorPlace
Sun, 19 Nov 2023 09:00:00 -0500
Sentiment: Positive
Chegg announces $150 million accelerated share repurchase with Morgan Stanley Bank
Education company Chegg Inc.'s stock CHGG, +4.34% rose 2.6% premarket Wednesday, after the company announced a $150 million accelerated share repurchase with Morgan Stanley Bank N.A. Chegg will make an initial payment of $150 million in return for 13.5 million shares of its common stock by Nov. 15.
Source: Market Watch
Wed, 15 Nov 2023 06:52:00 -0500
Sentiment: Positive
Instituions Institution %: 94.809
Last QTR Institution change: -342264

Insiders
Insiders %: 2.626
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 57226
Insiders Net last QTR: -57226

Analyst Ratings
Target Price: 12.88
Overall Rating: 2.9412
Strong Buys (5): 1
Buys (4): 0
Holds (3): 14
Sells (2): 1
Strong Sells (1): 1

Technicals
52 Week Hi: 28.99
52 Week Low: 7.32
Beta: 1.278
50 Day MA: 8.9682
200 Day MA: 11.1867

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.558
Qtr Revenue Growth YOY: -0.042
Forward PE: 9.4251
Trailing PE: 0

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