With 6.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.03 million shares. The 52-week range on CHGG shows that it touched its highest point at $4.95 and its lowest point at $0.44 during that stretch. It currently has a 1-year price target of $1.10. Beta for the stock currently stands at 1.64.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CHGG was up-trending over the past week, with a rise of 1.27%, but this was up by 60.49% over a month. Three-month performance dropped to -47.01% while six-month performance fell -57.85%. The stock lost -85.04% in the past year, while it has lost -53.93% so far this year. A look at the trailing 12-month EPS for CHGG yields -8.13 with Next year EPS estimates of 0.09. For the next quarter, that number is 0.04. This implies an EPS growth rate of -82.33% for this year and -35.85% for next year.
Float and Shares Shorts:
At present, 104.88 million CHGG shares are outstanding with a float of 97.83 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CHGG since 15 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 6 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.82882 being high and $0.63507 being low. For CHGG, this leads to a yearly average estimate of $0.775. Based on analyst estimates, the high estimate for the next quarter is $0.04 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.04.
