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Chegg, Inc is an education & training services business with stocks listed in the US. Chegg shares (CHGG) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was US$84.22 – a decrease of 3.8% over the previous week. Here's how to invest if you're based in Australia.
How to buy shares in Chegg
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Chegg. Find the share by name or ticker symbol: CHGG. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Chegg reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$84.22, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Chegg, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Chegg. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
Chegg share priceUse our graph to track the performance of CHGG stocks over time.
Chegg shares at a glance
|52-week range||US$37.92 - US$115.21|
|50-day moving average||US$88.9834|
|200-day moving average||US$87.6445|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||US$0.013|
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Is it a good time to buy Chegg stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Chegg price performance over time
|1 week (2021-04-16)||-8.66%|
|1 month (2021-03-23)||-7.51%|
|3 months (2021-01-22)||-13.06%|
|6 months (2020-10-23)||-2.93%|
|1 year (2020-04-23)||122.69%|
|2 years (2019-04-23)||116.50%|
|3 years (2018-04-23)||278.18%|
|5 years (2016-04-22)||1,707.30%|
Is Chegg under- or over-valued?
Valuing Chegg stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Chegg's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Chegg's P/E ratio
Chegg's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8406x. In other words, Chegg shares trade at around 8406x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Chegg's PEG ratio
Chegg's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.9288. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Chegg's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Chegg's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$122.3 million (£0.0 million).
The EBITDA is a measure of a Chegg's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||US$644.3 million|
|Operating margin TTM||9.29%|
|Gross profit TTM||US$438.9 million|
|Return on assets TTM||2%|
|Return on equity TTM||-1.12%|
|Market capitalisation||US$13.1 billion|
TTM: trailing 12 months
Shorting Chegg shares
There are currently 12.3 million Chegg shares held short by investors – that's known as Chegg's "short interest". This figure is 2.9% down from 12.7 million last month.
There are a few different ways that this level of interest in shorting Chegg shares can be evaluated.
Chegg's "short interest ratio" (SIR)
Chegg's "short interest ratio" (SIR) is the quantity of Chegg shares currently shorted divided by the average quantity of Chegg shares traded daily (recently around 1.9 million). Chegg's SIR currently stands at 6.44. In other words for every 100,000 Chegg shares traded daily on the market, roughly 6440 shares are currently held short.
However Chegg's short interest can also be evaluated against the total number of Chegg shares, or, against the total number of tradable Chegg shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Chegg's short interest could be expressed as 0.09% of the outstanding shares (for every 100,000 Chegg shares in existence, roughly 90 shares are currently held short) or 0.1003% of the tradable shares (for every 100,000 tradable Chegg shares, roughly 100 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Chegg.
Find out more about how you can short Chegg stock.
Chegg share dividends
We're not expecting Chegg to pay a dividend over the next 12 months.
Chegg share price volatility
Over the last 12 months, Chegg's shares have ranged in value from as little as US$37.92 up to US$115.21. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Chegg's is 0.8318. This would suggest that Chegg's shares are less volatile than average (for this exchange).
Chegg, Inc. operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them to learn their course materials, succeed in their classes, and save money on required materials. The company offers Chegg Services, which include subscription services; and required materials that comprise its print textbooks and eTextbooks. Its subscription services include Chegg Study, which helps students master challenging concepts on their own; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math solver, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various Chegg Services product offerings, including Chegg Study, Chegg Writing, Chegg Math Solver, video content, and practice quizzes, which creates an integrated platform of connected academic support services; and Thinkful, a skills-based learning platform that offers professional courses in the areas of software engineering, UX/UI design, digital marketing, data science, product management, data analytics, product design, and technical project management directly to students. The company also provides other services, such as Chegg Prep and internships; and rents and sells print textbooks and eTextbooks. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.
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