Chegg Inc Stock Performance
CHGG Stock | USD 7.58 0.21 2.85% |
The firm shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chegg are expected to decrease at a much lower rate. During the bear market, Chegg is likely to outperform the market. Chegg Inc has an expected return of -0.63%. Please make sure to confirm Chegg Inc potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if Chegg Inc performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Chegg Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent performance in the last few months, the Stock's technical and fundamental indicators remain nearly stable which may send shares a bit higher in April 2024. The current disturbance may also be a sign of long-run up-swing for the company stockholders. ...more
Actual Historical Performance (%)
One Day Return 2.85 | Five Day Return (5.72) | Year To Date Return (32.50) | Ten Year Return 9.38 | All Time Return (21.69) |
1 | Consumer Defensive Stocks Moving Up and Down Thursday DDL, LXEH, YGF, AVO, QSG, BTOG, CHGG, ELF - InvestorsObserver | 01/18/2024 |
2 | Why Chegg Stock Is Down Today | 02/06/2024 |
3 | EdTech Market Size to Grow USD 549.6 billion by 2033 Growing demand for customized education solutions | 02/13/2024 |
4 | Disposition of 161647 shares by Nathan Schultz of Chegg subject to Rule 16b-3 | 02/21/2024 |
5 | CI Investments Inc. Takes Position in Chegg, Inc. - AmericanBankingNEWS | 02/26/2024 |
6 | Disposition of 1952 shares by Daniel Rosensweig of Chegg at 9.04 subject to Rule 16b-3 | 03/01/2024 |
7 | Chegg, Inc. Shares Acquired by Sherbrooke Park Advisers LLC | 03/04/2024 |
8 | JPMorgan sets Chegg stock at Neutral with 9 target | 03/11/2024 |
9 | Disposition of 22796 shares by Daniel Rosensweig of Chegg at 8.02 subject to Rule 16b-3 | 03/12/2024 |
10 | Chegg Reports New Hire Equity Grant Under NYSE Rule 303A.08 | 03/14/2024 |
11 | CHGG News Today Why did Chegg stock go up today - MarketBeat | 03/19/2024 |
12 | Chegg Stock Price Down 2.4 percent - MarketBeat | 03/25/2024 |
Begin Period Cash Flow | 473.7 M |
Chegg |
Chegg Relative Risk vs. Return Landscape
If you would invest 1,136 in Chegg Inc on December 29, 2023 and sell it today you would lose (378.00) from holding Chegg Inc or give up 33.27% of portfolio value over 90 days. Chegg Inc is currently does not generate positive expected returns and assumes 2.4612% risk (volatility on return distribution) over the 90 days horizon. In different words, 21% of stocks are less volatile than Chegg, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
Risk |
Chegg Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chegg's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Chegg Inc, and traders can use it to determine the average amount a Chegg's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.2563
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Estimated Market Risk
2.46 actual daily | 21 79% of assets are more volatile |
Expected Return
-0.63 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.26 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Chegg is not performing at its full potential. However, 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 Chegg to a well-diversified portfolio.
Chegg Fundamentals Growth
Chegg Stock prices reflect investors' perceptions of the future prospects and financial health of Chegg, and Chegg fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Chegg Stock performance.
Return On Equity | 0.0176 | ||||
Return On Asset | -0.0039 | ||||
Current Valuation | 1.05 B | ||||
Shares Outstanding | 102.95 M | ||||
Price To Earning | 69.12 X | ||||
Price To Book | 0.80 X | ||||
Price To Sales | 1.06 X | ||||
Revenue | 716.29 M | ||||
Gross Profit | 569.5 M | ||||
EBITDA | (67.72 M) | ||||
Net Income | 18.18 M | ||||
Cash Per Share | 10.94 X | ||||
Debt To Equity | 2.07 % | ||||
Current Ratio | 10.81 X | ||||
Cash Flow From Operations | 246.2 M | ||||
Earnings Per Share | 0.16 X | ||||
Total Asset | 1.73 B | ||||
Retained Earnings | (52.37 M) | ||||
Current Asset | 132.84 M | ||||
About Chegg Performance
To evaluate Chegg Inc Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Chegg generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Chegg Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Chegg Inc market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Chegg's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Last Reported | Projected for 2024 | ||
Return On Capital Employed | (0.06) | (0.06) | |
Return On Assets | 0.01 | 0.01 | |
Return On Equity | 0.02 | 0.02 |
Things to note about Chegg Inc performance evaluation
Checking the ongoing alerts about Chegg for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Chegg Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Chegg Inc generated a negative expected return over the last 90 days | |
Chegg Inc has a strong financial position based on the latest SEC filings | |
Over 97.0% of the company shares are held by institutions such as insurance companies | |
Latest headline from news.google.com: Chegg Stock Price Down 2.4 percent - MarketBeat |
- Analyzing Chegg's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Chegg's stock is overvalued or undervalued compared to its peers.
- Examining Chegg's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Chegg's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Chegg's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Chegg's stock. These opinions can provide insight into Chegg's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chegg Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Chegg Inc information on this page should be used as a complementary analysis to other Chegg's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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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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Is Chegg's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chegg. If investors know Chegg will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chegg listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.996 | Earnings Share 0.16 | Revenue Per Share 6.148 | Quarterly Revenue Growth (0.08) | Return On Assets (0) |
The market value of Chegg Inc is measured differently than its book value, which is the value of Chegg that is recorded on the company's balance sheet. Investors also form their own opinion of Chegg's value that differs from its market value or its book value, called intrinsic value, which is Chegg's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chegg's market value can be influenced by many factors that don't directly affect Chegg's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chegg's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chegg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chegg's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.