Chegg Inc (NYSE: CHGG) stock closed at $5.17 on 4/30/24 after a major decline of -27.9%. Moreover, exceptionally high trading volume at 713% of normal accompanied the decline. The stock has declined -24.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CHGG is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Chegg has a current Value Trend Rating of C (High 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 94 but a poor Power Rating of 25, resulting in the High Neutral Value Trend Rating.
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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