Chegg Inc (NYSE: CHGG) stock closed at $3.04 on 6/13/24 after a major decline of -11.4%. Moreover, this decline was accompanied by exceptionally high trading volume at 205% of normal. The stock has declined -17.4% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CHGG is expected to continue to be a Value Builder.
Chegg has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Chegg has a very high Appreciation Score of 97 but a very low Power Rating of 12, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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