Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Chegg Inc before investing.

In this article, we go over a few key elements for understanding Chegg Inc’s stock price such as:

• Chegg Inc’s current stock price and volume
• Why Chegg Inc’s stock price changed recently
• Upgrades and downgrades for CHGG from analysts
• CHGG’s stock price momentum as measured by its relative strength

About Chegg Inc (CHGG)

Before we jump into Chegg Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Chegg, Inc. provides a student-first connected learning platform. The Company is combining generative artificial intelligence (AI) and human capabilities to provide a personalized learning assistant to be included in its Chegg Study offering. Its service and product offerings fall into two categories: Subscription Services, which encompasses its Chegg Study Pack, Chegg Study, Chegg Writing, Chegg Math, and Busuu offerings that can be accessed internationally through its websites and on mobile devices, and Skills and Other, which encompasses its Chegg Skills, advertising services, print textbooks and eTextbooks offerings. Chegg Study subscribers have access to personalized, step-by-step learning support powered by AI, computational engines and subject matter experts. Chegg Study Pack is a premium subscription bundle that includes all of the benefits of Chegg Study, as well as Chegg Writing and Chegg Math. Chegg Skills offers programs on technical skills, including AI and data analytics.

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Chegg Inc’s Stock Price as of Market Close

As of April 30, 2024, 4:00 PM, CST, Chegg Inc’s stock price was $5.17.

Chegg Inc is down 27.89% from its previous closing price of $7.17.

During the last market session, Chegg Inc’s stock traded between $6.84 and $7.22. Currently, there are 109.01 million shares of Chegg Inc stock available for purchase.

Chegg Inc’s price-earnings (P/E) ratio is currently at 65.6, which is high compared to the Professional Information Services industry median of 33.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Chegg Inc Stock Price History

Chegg Inc’s (CHGG) price is currently down 31.7% so far this month.

During the month of April, Chegg Inc’s stock price has reached a high of $7.75 and a low of $5.11.

Over the last year, Chegg Inc has hit prices as high as $17.92 and as low as $6.63. Year to date, Chegg Inc’s stock is down 79.54%.

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What Caused Chegg Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 29, 2024, there were 0 analysts who downgraded Chegg Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Chegg Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Chegg Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Chegg Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Chegg Inc (CHGG) by visiting AAII Stock Evaluator.

Relative Price Strength of Chegg Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 29, 2024, Chegg Inc has a weighted four-quarter relative price strength of -23.59%, which translates to a Momentum Score of 13 and is considered to be Very Weak.

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Chegg Inc Stock Price: Bottom Line

As of April 30, 2024, Chegg Inc’s stock price is $5.17, which is down 27.89% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Chegg Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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