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Chegg Inc
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Let's analyse Chegg together

PenkeI guess you are interested in Chegg Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Chegg Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Chegg (30 sec.)










What can you expect buying and holding a share of Chegg? (30 sec.)

How much money do you get?

How much money do you get?
€0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
€8.62
Expected worth in 1 year
€8.94
How sure are you?
63.2%

+ What do you gain per year?

Total Gains per Share
€0.33
Return On Investment
4.7%

For what price can you sell your share?

Current Price per Share
€6.90
Expected price per share
€6.47 - €8.261
How sure are you?
50%

1. Valuation of Chegg (5 min.)




Live pricePrice per Share (EOD)

€6.90

Intrinsic Value Per Share

€19.13 - €22.52

Total Value Per Share

€27.75 - €31.14

2. Growth of Chegg (5 min.)




Is Chegg growing?

Current yearPrevious yearGrowGrow %
How rich?$944.5m$947.5m$57.3m5.7%

How much money is Chegg making?

Current yearPrevious yearGrowGrow %
Making money$4.5m$66.6m-$62.1m-1,366.7%
Net Profit Margin2.0%40.1%--

How much money comes from the company's main activities?

3. Financial Health of Chegg (5 min.)




4. Comparing to competitors in the Education & Training Services industry (5 min.)




  Industry Rankings (Education & Training Services)  


Richest
#13 / 126

Most Revenue
#38 / 126

Most Profit
#49 / 126

What can you expect buying and holding a share of Chegg? (5 min.)

Welcome investor! Chegg's management wants to use your money to grow the business. In return you get a share of Chegg.

What can you expect buying and holding a share of Chegg?

First you should know what it really means to hold a share of Chegg. And how you can make/lose money.

Speculation

The Price per Share of Chegg is €6.895. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Chegg.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Chegg, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €8.62. Based on the TTM, the Book Value Change Per Share is €0.08 per quarter. Based on the YOY, the Book Value Change Per Share is €0.18 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Chegg.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.091.4%0.091.3%0.537.8%0.121.8%0.121.8%
Usd Book Value Change Per Share0.243.5%0.091.3%0.192.7%0.487.0%0.487.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.243.5%0.091.3%0.192.7%0.487.0%0.487.0%
Usd Price Per Share10.90-11.07-25.36-38.46-38.46-
Price to Earnings Ratio29.02-11.05-164.21-40.56-40.56-
Price-to-Total Gains Ratio45.01--36.95-57.94-58.33-58.33-
Price to Book Ratio1.19-1.26-3.47-6.51-6.51-
Price-to-Total Gains Ratio45.01--36.95-57.94-58.33-58.33-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share7.340417
Number of shares136
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.090.48
Usd Total Gains Per Share0.090.48
Gains per Quarter (136 shares)11.8065.68
Gains per Year (136 shares)47.19262.71
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1047370263253
2094840525516
301421310788779
40189178010511042
50236225013141305
60283272015761568
70330319018391831
80378366021022094
90425413023642357
100472460026272620

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%10.02.00.083.3%13.06.00.068.4%13.06.00.068.4%13.06.00.068.4%
Book Value Change Per Share2.02.00.050.0%8.04.00.066.7%12.07.00.063.2%12.07.00.063.2%12.07.00.063.2%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.019.00.0%0.00.019.00.0%0.00.019.00.0%
Total Gains per Share2.02.00.050.0%8.04.00.066.7%12.07.00.063.2%12.07.00.063.2%12.07.00.063.2%

Fundamentals of Chegg

About Chegg Inc

Chegg, Inc. operates a direct-to-student learning platform that helps learners build essential life and job skills to accelerate their path from learning programs in the United States and internationally. Its subscription services include Chegg Study, which offers personalized step-by-step learning support from AI, computational engines, and subject matter experts, as well as Tinger Gold and DashPash Student services; 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, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various subscription product offerings, including Chegg Study, Chegg Writing, and Chegg Math services; and Busuu, an online language learning platform that offers comprehensive support through self-paced lessons, live classes with expert tutors, and a community of members to practice alongside. The company also provides a skills-based learning platform to learn technical skills comprising AI, coding, data analytics, and cybersecurity, as well as competencies consisting of emotional intelligence, mindset, emerging leadership, and decision making. In addition, it rents and sells print textbooks and eTextbooks; and offers advertising services. The company serves students and companies through direct marketing channels and social media. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.

Fundamental data was last updated by Penke on 2024-03-27 12:02:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Chegg Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Chegg earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Chegg to the Education & Training Services industry mean.
  • A Net Profit Margin of 5.1% means that €0.05 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Chegg Inc:

  • The MRQ is 5.1%. The company is making a profit. +1
  • The TTM is 2.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.1%TTM2.0%+3.1%
TTM2.0%YOY40.1%-38.0%
TTM2.0%5Y7.9%-5.9%
5Y7.9%10Y7.9%0.0%
Compared to industry (Education & Training Services)
PeriodCompanyIndustry (mean)+/- 
MRQ5.1%4.2%+0.9%
TTM2.0%3.4%-1.4%
YOY40.1%1.6%+38.5%
5Y7.9%0.9%+7.0%
10Y7.9%3.0%+4.9%
1.1.2. Return on Assets

Shows how efficient Chegg is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Chegg to the Education & Training Services industry mean.
  • 0.6% Return on Assets means that Chegg generated €0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Chegg Inc:

  • The MRQ is 0.6%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.6%TTM0.2%+0.3%
TTM0.2%YOY2.8%-2.5%
TTM0.2%5Y0.6%-0.4%
5Y0.6%10Y0.6%0.0%
Compared to industry (Education & Training Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6%0.7%-0.1%
TTM0.2%0.7%-0.5%
YOY2.8%0.2%+2.6%
5Y0.6%0.1%+0.5%
10Y0.6%0.7%-0.1%
1.1.3. Return on Equity

Shows how efficient Chegg is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Chegg to the Education & Training Services industry mean.
  • 1.0% Return on Equity means Chegg generated €0.01 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Chegg Inc:

  • The MRQ is 1.0%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 0.5%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.0%TTM0.5%+0.6%
TTM0.5%YOY6.5%-6.0%
TTM0.5%5Y1.4%-0.9%
5Y1.4%10Y1.4%0.0%
Compared to industry (Education & Training Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0%1.5%-0.5%
TTM0.5%1.3%-0.8%
YOY6.5%0.6%+5.9%
5Y1.4%0.7%+0.7%
10Y1.4%1.5%-0.1%

1.2. Operating Efficiency of Chegg Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Chegg is operating .

  • Measures how much profit Chegg makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Chegg to the Education & Training Services industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Chegg Inc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-9.4%+9.4%
TTM-9.4%YOY0.4%-9.8%
TTM-9.4%5Y5.6%-15.0%
5Y5.6%10Y5.6%0.0%
Compared to industry (Education & Training Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.3%-6.3%
TTM-9.4%3.9%-13.3%
YOY0.4%4.7%-4.3%
5Y5.6%4.1%+1.5%
10Y5.6%7.1%-1.5%
1.2.2. Operating Ratio

Measures how efficient Chegg is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Education & Training Services industry mean).
  • An Operation Ratio of 1.17 means that the operating costs are €1.17 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Chegg Inc:

  • The MRQ is 1.173. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.429. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.173TTM1.429-0.256
TTM1.429YOY1.250+0.179
TTM1.4295Y1.271+0.158
5Y1.27110Y1.2710.000
Compared to industry (Education & Training Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1731.246-0.073
TTM1.4291.231+0.198
YOY1.2501.168+0.082
5Y1.2711.155+0.116
10Y1.2711.079+0.192

1.3. Liquidity of Chegg Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Chegg is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Education & Training Services industry mean).
  • A Current Ratio of 0.80 means the company has €0.80 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Chegg Inc:

  • The MRQ is 0.800. The company is just not able to pay all its short-term debts. -1
  • The TTM is 2.702. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ0.800TTM2.702-1.902
TTM2.702YOY8.564-5.862
TTM2.7025Y8.909-6.208
5Y8.90910Y8.9090.000
Compared to industry (Education & Training Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8001.135-0.335
TTM2.7021.277+1.425
YOY8.5641.416+7.148
5Y8.9091.402+7.507
10Y8.9091.550+7.359
1.3.2. Quick Ratio

Measures if Chegg is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Chegg to the Education & Training Services industry mean.
  • A Quick Ratio of 0.44 means the company can pay off €0.44 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Chegg Inc:

  • The MRQ is 0.435. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 1.377. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ0.435TTM1.377-0.942
TTM1.377YOY6.012-4.635
TTM1.3775Y4.904-3.527
5Y4.90410Y4.9040.000
Compared to industry (Education & Training Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4350.885-0.450
TTM1.3770.911+0.466
YOY6.0121.133+4.879
5Y4.9041.144+3.760
10Y4.9041.232+3.672

1.4. Solvency of Chegg Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Chegg assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Chegg to Education & Training Services industry mean.
  • A Debt to Asset Ratio of 0.45 means that Chegg assets are financed with 45.3% credit (debt) and the remaining percentage (100% - 45.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Chegg Inc:

  • The MRQ is 0.453. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.482. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.453TTM0.482-0.029
TTM0.482YOY0.625-0.143
TTM0.4825Y0.613-0.131
5Y0.61310Y0.6130.000
Compared to industry (Education & Training Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4530.488-0.035
TTM0.4820.482+0.000
YOY0.6250.503+0.122
5Y0.6130.499+0.114
10Y0.6130.479+0.134
1.4.2. Debt to Equity Ratio

Measures if Chegg is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Chegg to the Education & Training Services industry mean.
  • A Debt to Equity ratio of 82.9% means that company has €0.83 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Chegg Inc:

  • The MRQ is 0.829. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.956. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.829TTM0.956-0.127
TTM0.956YOY1.759-0.803
TTM0.9565Y1.716-0.760
5Y1.71610Y1.7160.000
Compared to industry (Education & Training Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8290.909-0.080
TTM0.9560.914+0.042
YOY1.7590.980+0.779
5Y1.7160.899+0.817
10Y1.7160.932+0.784

2. Market Valuation of Chegg Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Chegg generates.

  • Above 15 is considered overpriced but always compare Chegg to the Education & Training Services industry mean.
  • A PE ratio of 29.02 means the investor is paying €29.02 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Chegg Inc:

  • The EOD is 19.547. Based on the earnings, the company is fair priced.
  • The MRQ is 29.025. Based on the earnings, the company is overpriced. -1
  • The TTM is 11.051. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD19.547MRQ29.025-9.477
MRQ29.025TTM11.051+17.974
TTM11.051YOY164.211-153.159
TTM11.0515Y40.561-29.510
5Y40.56110Y40.5610.000
Compared to industry (Education & Training Services)
PeriodCompanyIndustry (mean)+/- 
EOD19.5474.879+14.668
MRQ29.0254.879+24.146
TTM11.0512.437+8.614
YOY164.2113.061+161.150
5Y40.56110.540+30.021
10Y40.56111.493+29.068
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Chegg Inc:

  • The EOD is 3.652. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 5.423. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 11.702. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD3.652MRQ5.423-1.771
MRQ5.423TTM11.702-6.279
TTM11.702YOY25.287-13.585
TTM11.7025Y39.785-28.083
5Y39.78510Y39.7850.000
Compared to industry (Education & Training Services)
PeriodCompanyIndustry (mean)+/- 
EOD3.6524.461-0.809
MRQ5.4234.894+0.529
TTM11.7024.024+7.678
YOY25.2871.087+24.200
5Y39.7851.596+38.189
10Y39.7852.839+36.946
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Chegg is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Education & Training Services industry mean).
  • A PB ratio of 1.19 means the investor is paying €1.19 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Chegg Inc:

  • The EOD is 0.800. Based on the equity, the company is cheap. +2
  • The MRQ is 1.188. Based on the equity, the company is underpriced. +1
  • The TTM is 1.257. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.800MRQ1.188-0.388
MRQ1.188TTM1.257-0.069
TTM1.257YOY3.472-2.215
TTM1.2575Y6.512-5.256
5Y6.51210Y6.5120.000
Compared to industry (Education & Training Services)
PeriodCompanyIndustry (mean)+/- 
EOD0.8001.089-0.289
MRQ1.1881.180+0.008
TTM1.2571.197+0.060
YOY3.4721.197+2.275
5Y6.5121.688+4.824
10Y6.5121.946+4.566
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Chegg Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.2270.081+179%0.175+30%0.454-50%0.454-50%
Book Value Per Share--8.6198.339+3%7.053+22%6.508+32%6.508+32%
Current Ratio--0.8002.702-70%8.564-91%8.909-91%8.909-91%
Debt To Asset Ratio--0.4530.482-6%0.625-27%0.613-26%0.613-26%
Debt To Equity Ratio--0.8290.956-13%1.759-53%1.716-52%1.716-52%
Dividend Per Share----0%-0%-0%-0%
Eps--0.0880.083+6%0.502-82%0.117-25%0.117-25%
Free Cash Flow Per Share--0.4720.341+38%0.277+71%0.269+76%0.269+76%
Free Cash Flow To Equity Per Share---0.896-1.904+112%-0.539-40%-0.038-96%-0.038-96%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--22.524--------
Intrinsic Value_10Y_min--19.129--------
Intrinsic Value_1Y_max--1.350--------
Intrinsic Value_1Y_min--1.326--------
Intrinsic Value_3Y_max--4.748--------
Intrinsic Value_3Y_min--4.518--------
Intrinsic Value_5Y_max--8.978--------
Intrinsic Value_5Y_min--8.274--------
Market Cap709833355.000-48%1053991862.0001183474101.370-11%3007610489.277-65%4657854340.789-77%4657854340.789-77%
Net Profit Margin--0.0510.020+151%0.401-87%0.079-35%0.079-35%
Operating Margin----0.0940%0.004-100%0.056-100%0.056-100%
Operating Ratio--1.1731.429-18%1.250-6%1.271-8%1.271-8%
Pb Ratio0.800-48%1.1881.257-5%3.472-66%6.512-82%6.512-82%
Pe Ratio19.547-48%29.02511.051+163%164.211-82%40.561-28%40.561-28%
Price Per Share6.895-48%10.23810.394-2%23.817-57%36.128-72%36.128-72%
Price To Free Cash Flow Ratio3.652-48%5.42311.702-54%25.287-79%39.785-86%39.785-86%
Price To Total Gains Ratio30.316-48%45.014-36.945+182%57.942-22%58.332-23%58.332-23%
Quick Ratio--0.4351.377-68%6.012-93%4.904-91%4.904-91%
Return On Assets--0.0060.002+152%0.028-80%0.006-8%0.006-8%
Return On Equity--0.0100.005+121%0.065-84%0.014-24%0.014-24%
Total Gains Per Share--0.2270.081+179%0.175+30%0.454-50%0.454-50%
Usd Book Value--944597955.2061004910425.348-6%947588141.7530%868195418.608+9%868195418.608+9%
Usd Book Value Change Per Share--0.2420.087+179%0.187+30%0.483-50%0.483-50%
Usd Book Value Per Share--9.1758.878+3%7.509+22%6.928+32%6.928+32%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.0940.089+6%0.535-82%0.125-25%0.125-25%
Usd Free Cash Flow--51728902.28940785634.510+27%37237209.810+39%30355618.998+70%30355618.998+70%
Usd Free Cash Flow Per Share--0.5020.363+38%0.295+71%0.286+76%0.286+76%
Usd Free Cash Flow To Equity Per Share---0.954-2.027+112%-0.574-40%-0.040-96%-0.040-96%
Usd Market Cap755688589.733-48%1122079736.2851259926528.319-11%3201902126.884-65%4958751731.204-77%4958751731.204-77%
Usd Price Per Share7.340-48%10.89911.066-2%25.356-57%38.462-72%38.462-72%
Usd Profit--9664794.9094544903.555+113%66658085.485-86%14307696.384-32%14307696.384-32%
Usd Revenue--187983010.916179069950.055+5%191720181.611-2%169328617.297+11%169328617.297+11%
Usd Total Gains Per Share--0.2420.087+179%0.187+30%0.483-50%0.483-50%
 EOD+4 -4MRQTTM+25 -7YOY+16 -175Y+14 -1910Y+14 -19

3.2. Fundamental Score

Let's check the fundamental score of Chegg Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1519.547
Price to Book Ratio (EOD)Between0-10.800
Net Profit Margin (MRQ)Greater than00.051
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.435
Current Ratio (MRQ)Greater than10.800
Debt to Asset Ratio (MRQ)Less than10.453
Debt to Equity Ratio (MRQ)Less than10.829
Return on Equity (MRQ)Greater than0.150.010
Return on Assets (MRQ)Greater than0.050.006
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Chegg Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.467
Ma 20Greater thanMa 506.924
Ma 50Greater thanMa 1007.615
Ma 100Greater thanMa 2008.615
OpenGreater thanClose6.895
Total1/5 (20.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Net Working Capital  944,491-476,877467,614-182,156285,458-99,974185,484-282,820-97,337



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets1,727,235
Total Liabilities782,617
Total Stockholder Equity944,618
 As reported
Total Liabilities 782,617
Total Stockholder Equity+ 944,618
Total Assets = 1,727,235

Assets

Total Assets1,727,235
Total Current Assets414,835
Long-term Assets1,312,400
Total Current Assets
Cash And Cash Equivalents 135,757
Short-term Investments 194,257
Net Receivables 31,404
Other Current Assets 32,437
Total Current Assets  (as reported)414,835
Total Current Assets  (calculated)393,855
+/- 20,980
Long-term Assets
Property Plant Equipment 208,203
Goodwill 631,995
Long Term Investments 249,547
Intangible Assets 52,430
Long-term Assets Other 28,382
Long-term Assets  (as reported)1,312,400
Long-term Assets  (calculated)1,170,557
+/- 141,843

Liabilities & Shareholders' Equity

Total Current Liabilities518,462
Long-term Liabilities264,155
Total Stockholder Equity944,618
Total Current Liabilities
Short Long Term Debt 357,079
Accounts payable 28,184
Total Current Liabilities  (as reported)518,462
Total Current Liabilities  (calculated)385,263
+/- 133,199
Long-term Liabilities
Long term Debt 242,758
Capital Lease Obligations Min Short Term Debt18,063
Long-term Liabilities Other 3,334
Long-term Liabilities  (as reported)264,155
Long-term Liabilities  (calculated)264,155
+/-0
Total Stockholder Equity
Total Stockholder Equity (as reported)944,618
Total Stockholder Equity (calculated)0
+/- 944,618
Other
Capital Stock103
Common Stock Shares Outstanding 102,824
Net Debt 464,080
Net Invested Capital 1,544,455
Net Working Capital -103,627
Property Plant and Equipment Gross 442,694



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-30
> Total Assets 
1,415,683
1,463,692
1,488,998
1,495,004
1,539,878
2,341,657
2,251,258
3,193,561
3,150,947
3,187,495
2,919,246
2,662,470
2,654,519
2,397,861
2,465,416
2,361,787
1,968,535
1,804,639
1,727,235
1,727,2351,804,6391,968,5352,361,7872,465,4162,397,8612,654,5192,662,4702,919,2463,187,4953,150,9473,193,5612,251,2582,341,6571,539,8781,495,0041,488,9981,463,6921,415,683
   > Total Current Assets 
847,899
844,069
807,267
807,768
742,138
1,299,496
1,182,955
1,935,626
2,116,267
1,825,964
1,622,648
1,246,633
1,451,866
1,031,581
1,144,400
637,484
446,716
347,696
414,835
414,835347,696446,716637,4841,144,4001,031,5811,451,8661,246,6331,622,6481,825,9642,116,2671,935,6261,182,9551,299,496742,138807,768807,267844,069847,899
       Cash And Cash Equivalents 
555,792
450,457
387,520
359,101
285,064
527,541
479,853
656,168
840,056
713,837
854,078
267,731
402,089
69,349
473,677
281,302
175,368
94,419
135,757
135,75794,419175,368281,302473,67769,349402,089267,731854,078713,837840,056656,168479,853527,541285,064359,101387,520450,457555,792
       Short-term Investments 
259,399
345,392
381,074
404,794
417,530
723,327
665,567
1,215,944
1,221,666
1,038,345
691,781
915,431
981,288
871,408
583,973
277,864
209,686
166,841
194,257
194,257166,841209,686277,864583,973871,408981,288915,431691,7811,038,3451,221,6661,215,944665,567723,327417,530404,794381,074345,392259,399
       Net Receivables 
5,948
13,678
18,081
6,493
8,834
12,487
12,913
11,633
10,091
9,302
17,850
19,918
16,815
22,187
23,515
22,000
20,670
30,480
31,404
31,40430,48020,67022,00023,51522,18716,81519,91817,8509,30210,09111,63312,91312,4878,8346,49318,08113,6785,948
       Other Current Assets 
14,608
24,888
10,054
19,528
14,650
21,059
11,846
26,625
25,643
29,316
23,846
14,671
31,559
35,196
34,754
30,832
22,372
25,195
32,437
32,43725,19522,37230,83234,75435,19631,55914,67123,84629,31625,64326,62511,84621,05914,65019,52810,05424,88814,608
   > Long-term Assets 
567,784
619,623
681,731
687,236
797,740
1,042,161
1,068,303
1,257,935
1,034,680
1,361,531
1,296,598
1,415,837
1,202,653
1,366,280
1,321,016
1,724,303
1,521,819
1,456,943
1,312,400
1,312,4001,456,9431,521,8191,724,3031,321,0161,366,2801,202,6531,415,8371,296,5981,361,5311,034,6801,257,9351,068,3031,042,161797,740687,236681,731619,623567,784
       Property Plant Equipment 
91,718
93,979
103,290
144,170
147,976
161,757
184,182
180,710
188,409
191,475
199,241
0
210,855
220,506
223,221
231,075
226,585
195,303
208,203
208,203195,303226,585231,075223,221220,506210,8550199,241191,475188,409180,710184,182161,757147,976144,170103,29093,97991,718
       Goodwill 
149,466
149,068
214,513
214,323
284,682
284,809
285,214
290,601
290,725
290,499
289,763
641,284
616,649
589,702
615,093
622,679
629,564
617,690
631,995
631,995617,690629,564622,679615,093589,702616,649641,284289,763290,499290,725290,601285,214284,809284,682214,323214,513149,068149,466
       Long Term Investments 
288,682
340,118
310,483
273,114
280,492
521,261
523,628
711,224
484,853
813,500
745,993
435,413
265,729
286,781
216,233
613,863
422,758
412,541
249,547
249,547412,541422,758613,863216,233286,781265,729435,413745,993813,500484,853711,224523,628521,261280,492273,114310,483340,118288,682
       Intangible Assets 
22,374
20,622
34,667
32,075
59,522
55,386
51,249
49,798
46,620
43,573
40,566
102,685
91,469
80,646
78,333
73,086
67,630
56,638
52,430
52,43056,63867,63073,08678,33380,64691,469102,68540,56643,57346,62049,79851,24955,38659,52232,07534,66720,62222,374
       Other Assets 
15,544
15,836
18,778
23,554
25,068
18,948
24,030
25,602
24,073
22,484
21,035
0
17,951
188,645
188,136
0
175,282
174,771
0
0174,771175,2820188,136188,64517,951021,03522,48424,07325,60224,03018,94825,06823,55418,77815,83615,544
> Total Liabilities 
956,112
995,180
990,169
1,032,077
1,041,500
1,696,265
1,641,623
1,950,218
1,813,065
1,832,978
1,812,329
1,853,949
1,835,728
1,351,329
1,348,827
1,355,028
933,534
771,290
782,617
782,617771,290933,5341,355,0281,348,8271,351,3291,835,7281,853,9491,812,3291,832,9781,813,0651,950,2181,641,6231,696,2651,041,5001,032,077990,169995,180956,112
   > Total Current Liabilities 
64,151
88,835
71,389
101,833
90,493
142,955
109,732
251,093
113,537
133,821
114,344
155,431
134,367
143,473
138,874
139,652
142,811
150,226
518,462
518,462150,226142,811139,652138,874143,473134,367155,431114,344133,821113,537251,093109,732142,95590,493101,83371,38988,83564,151
       Short Long Term Debt 
0
0
0
0
0
0
0
109,494
0
0
0
0
0
0
0
0
0
0
357,079
357,0790000000000109,4940000000
       Accounts payable 
3,131
4,197
7,362
13,605
6,421
5,838
8,547
14,902
6,211
10,518
11,992
9,549
11,910
14,902
12,367
13,058
12,954
18,187
28,184
28,18418,18712,95413,05812,36714,90211,9109,54911,99210,5186,21114,9028,5475,8386,42113,6057,3624,1973,131
       Other Current Liabilities 
0
27,457
40,802
35,753
28,720
53,641
63,709
48,608
34,682
51,883
66,294
0
56,897
65,775
90,308
0
53,200
58,906
0
058,90653,200090,30865,77556,897066,29451,88334,68248,60863,70953,64128,72035,75340,80227,4570
   > Long-term Liabilities 
891,961
906,345
918,780
930,244
951,007
1,553,310
1,531,891
1,699,125
1,699,528
1,699,157
1,697,985
1,698,518
1,701,361
1,207,856
1,209,953
1,215,376
790,723
621,064
264,155
264,155621,064790,7231,215,3761,209,9531,207,8561,701,3611,698,5181,697,9851,699,1571,699,5281,699,1251,531,8911,553,310951,007930,244918,780906,345891,961
       Long term Debt 
874,126
887,215
900,303
913,249
926,193
1,536,984
1,506,922
1,673,946
1,675,340
1,676,749
1,678,155
1,679,534
1,680,931
1,187,513
1,188,593
1,189,650
767,043
599,291
242,758
242,758599,291767,0431,189,6501,188,5931,187,5131,680,9311,679,5341,678,1551,676,7491,675,3401,673,9461,506,9221,536,984926,193913,249900,303887,215874,126
       Capital Lease Obligations Min Short Term Debt
19,017
20,297
19,796
18,246
18,632
17,313
25,867
17,551
15,811
14,137
12,447
12,456
11,281
12,347
13,375
23,064
21,253
19,537
18,063
18,06319,53721,25323,06413,37512,34711,28112,45612,44714,13715,81117,55125,86717,31318,63218,24619,79620,29719,017
       Other Liabilities 
3,592
3,815
3,964
3,983
11,867
4,665
5,705
7,628
8,377
8,271
7,383
0
9,149
7,996
7,985
0
2,427
2,236
0
02,2362,42707,9857,9969,14907,3838,2718,3777,6285,7054,66511,8673,9833,9643,8153,592
       Long-term Liabilities Other 
3,592
3,815
3,964
3,983
11,867
4,665
5,705
7,628
8,377
8,271
7,383
6,528
9,149
7,996
7,985
2,662
2,427
2,236
3,334
3,3342,2362,4272,6627,9857,9969,1496,5287,3838,2718,3777,6285,7054,66511,8673,9833,9643,8153,592
> Total Stockholder Equity
459,571
468,512
498,829
462,927
498,378
645,392
609,635
1,243,343
1,337,882
1,354,517
1,106,917
808,521
818,791
1,046,532
1,116,589
1,006,759
1,035,001
1,033,349
944,618
944,6181,033,3491,035,0011,006,7591,116,5891,046,532818,791808,5211,106,9171,354,5171,337,8821,243,343609,635645,392498,378462,927498,829468,512459,571
   Common Stock
119
121
122
124
124
129
129
141
145
145
137
0
126
125
126
0
115
116
0
011611501261251260137145145141129129124124122121119
   Retained Earnings Total Equity0000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000
   Capital Surplus 0000000000000000000
   Treasury Stock0000000000000000000
   Other Stockholders Equity 
-618
-1,758
-1,096
-5,362
1,850
1,333
1,530
-1,238
-970
-1,552
-5,334
0
-68,868
-101,870
-57,488
0
-43,179
-56,426
0
0-56,426-43,1790-57,488-101,870-68,8680-5,334-1,552-970-1,2381,5301,3331,850-5,362-1,096-1,758-618



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue716,295
Cost of Revenue-225,941
Gross Profit490,354490,354
 
Operating Income (+$)
Gross Profit490,354
Operating Expense-784,020
Operating Income-67,725-293,666
 
Operating Expense (+$)
Research Development191,705
Selling General Administrative366,374
Selling And Marketing Expenses-
Operating Expense784,020558,079
 
Net Interest Income (+$)
Interest Income37,411
Interest Expense-3,773
Other Finance Cost-0
Net Interest Income33,638
 
Pretax Income (+$)
Operating Income-67,725
Net Interest Income33,638
Other Non-Operating Income Expenses-
Income Before Tax (EBT)50,312-152,124
EBIT - interestExpense = -3,773
18,180
21,953
Interest Expense3,773
Earnings Before Interest and Taxes (EBIT)-54,085
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax50,312
Tax Provision-32,132
Net Income From Continuing Ops18,18018,180
Net Income18,180
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net84,399-33,638
 

Technical Analysis of Chegg
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Chegg. The general trend of Chegg is BEARISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Chegg's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-85.7%) Bearish trend (85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Chegg Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 6.968 < 7.341 < 8.261.

The bearish price targets are: 6.47.

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Chegg Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Chegg Inc. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Chegg Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Chegg Inc. The current macd is -0.26439171.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Chegg price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Chegg. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Chegg price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Chegg Inc Daily Moving Average Convergence/Divergence (MACD) ChartChegg Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Chegg Inc. The current adx is 30.45.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Chegg shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
Chegg Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Chegg Inc. The current sar is 6.4885328.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Chegg Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Chegg Inc. The current rsi is 43.47. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Chegg Inc Daily Relative Strength Index (RSI) ChartChegg Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Chegg Inc. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Chegg price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Chegg Inc Daily Stochastic Oscillator ChartChegg Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Chegg Inc. The current cci is -8.11590982.

Chegg Inc Daily Commodity Channel Index (CCI) ChartChegg Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Chegg Inc. The current cmo is -1.80688192.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Chegg Inc Daily Chande Momentum Oscillator (CMO) ChartChegg Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Chegg Inc. The current willr is -51.20551091.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Chegg is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Chegg Inc Daily Williams %R ChartChegg Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Chegg Inc.

Chegg Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Chegg Inc. The current atr is 0.13329869.

Chegg Inc Daily Average True Range (ATR) ChartChegg Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Chegg Inc. The current obv is -25,419.

Chegg Inc Daily On-Balance Volume (OBV) ChartChegg Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Chegg Inc. The current mfi is 42.62.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Chegg Inc Daily Money Flow Index (MFI) ChartChegg Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Chegg Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-21 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-22 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-23 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-27 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-29 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-07 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-08 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-19 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-21 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-02 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-08 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-09 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-10 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-11 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-12 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-17 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-19 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-23 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-25 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-26 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-30 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-02 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-05 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-06 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-07 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-08 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-12 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-13 00:00:00RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-16 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-19 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-20 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21 00:00:00WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-23 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-28 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-01 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-04 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-05 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-06 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-07 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-08 00:00:00RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-11 00:00:00WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-13 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-18 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-21 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-26 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-27 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-28 00:00:00RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-02 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-03 00:00:00BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-04-04 00:00:00RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-05 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-08 00:00:00RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-10 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-12 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside

6.3. Candlestick Patterns

Chegg Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Chegg Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.467
Ma 20Greater thanMa 506.924
Ma 50Greater thanMa 1007.615
Ma 100Greater thanMa 2008.615
OpenGreater thanClose6.895
Total1/5 (20.0%)
Penke

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