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How to Buy Chegg Stock

Chegg Inc

Chegg is a education company located in California, United States, which is part of the Consumer Defensive sector, and is traded under the ticker CHGG on the NYSE exchange.

Chegg stock last closed at $9.04, up 1.12% from the previous day, and has decreased 41.72% in one year. It has underperformed other stocks in the Education & Training Services industry by 0.56 percentage points. Chegg stock is currently +23.5% from its 52-week low of $7.32, and -51.84% from its 52-week high of $18.77.

As of Mar 1, 2024, there are 102.95M CHGG shares outstanding. The market capitalization of CHGG is $930.66M. In the last 24 hours, 2.82M CHGG shares were traded.

How to Buy Chegg Stock

Wondering how to invest in Chegg stock? Here's how.
  1. Figure out where to buy Chegg stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you figure out where to buy Chegg stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Select your method of payment and add your info.
  4. Analyze Chegg stock: The Chegg ticker symbol is CHGG. Is Chegg stock a good investment? Should you buy shares of CHGG? How do CHGG's underlying business fundamentals look? Do top analysts think Chegg is a good buy? Why has CHGG's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if CHGG is a good stock to buy).
  5. Place your CHGG buy order: Decide if you will purchase CHGG shares at the current market price or use a limit order to buy CHGG stock at a specific price.
  6. Get key alerts regarding your CHGG investment: Create a watchlist to watch your new investment in Chegg shares.

Step 1: Figure out where to buy Chegg stock

You will need a brokerage account to access the NYSE market and buy CHGG shares.

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Step 2: Open your brokerage account

Now that you've chosen your brokerage, the next step is to fill out some personal information so you are able to buy CHGG stock today.

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Step 3: Put funds into your brokerage account

Now that you've opened your account on the stocks app, your next step is to transfer the money for your investment:

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Step 4: Analyze Chegg stock

Once you have identified the best place to buy Chegg stock, it's very important to evaluate their stock prior to buying, so you can understand the risk as well as the opportunity.

Chegg Numbers

CHGG Price
$9.04
1w %
1.35%
1y %
-41.72%
5y %
-77.63%
P/E
56.5x
P/B
0.99x
P/S
1.47x
PEG
0.59x
Revenue
$716.30M
Earnings
$18.18M
Fore. Rev. Growth
-1.4%
Fore. Earn. Growth
106.16%
Market Cap
$930.66M
Next Earnings
Apr 29, 2024
Next Dividend
N/A

Chegg Fundamentals

WallStreetZen was designed to help average investors do better fundamental analysis in less time.

You can see all of the due diligence checks on CHGG's stock page.

How is CHGG stock valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge CHGG's fair value.

Using relative valuations methods:

  • CHGG may be undervalued based on its P/E ratio of 56.5x, relative to Education & Training Services industry P/E ratio of -75.81x
  • CHGG may be undervalued based on its P/B ratio of 0.99x, relative to Education & Training Services industry P/B ratio of 2.26x
  • CHGG may be undervalued based on its PEG ratio of 0.59x

You can do more valuation analysis on CHGG's stock here.

How do CHGG Financials look?

Passed Health Checks:

  • There are more short-term assets than long-term liabilities on the CHGG balance sheet.
  • CHGG earnings of $54.09M is not enough to cover its interest payments.
  • CHGG's operating cash flow of $246.20M allows it to safely service it's debt of $617.90M.
  • Total CHGG debt is lower than 5 years ago, relative to shareholder equity.

Failed Health Checks:

  • CHGG profit margin has gone down from 34.8% to 2.5% in the past year.
  • CHGG has a relatively high debt to equity ratio of 0.83.
  • There are more short-term liabilities than short-term assets on the CHGG balance sheet.

Do Wall Street analysts think it's a good time to buy CHGG stock

Out of 5 sell side analysts who give ratings on CHGG, the consensus analyst rating on CHGG is a Sell

Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

You can dig deeper into what analysts are forecasting on the Chegg stock forecast page.

CHGG Technicals

SMA10
8.83
SMA20
8.89
SMA50
9.95
SMA100
9.63
SMA200
9.63
MACD
-0.28
MACD Signal
-0.34
MACD Histogram
0.07
RSI
46.84
Stochastic %K
43.04
Stochastic %D
35.68
StochRSI %K
86.34
StochRSI %D
78.31

CHGG Revenue

Last year, CHGG earnings were $18.18M. In the past one years, CHGG's earnings have grown by -92.34% per year. This was slower than the Education & Training Services industry average of 4.93%.

Last year, CHGG revenue was $716.30M. During the last 5 year, CHGG's revenue has grown by 17.41% per year. This was faster than the Education & Training Services industry average of 10.74%.

Dive into CHGG's earnings and revenue performance here.

Who is buying/selling CHGG?

Over the past 12 months, executives and large shareholders at CHGG have sold more shares than they have bought.

David Longo, CHIEF ACCOUNTING OFFICER of CHGG, was the latest CHGG insider to sell. They sold $14,696.40 worth of CHGG stock on Jan 12, 2024.

Learn more about who owns CHGG stock here.

Does CHGG provide a stable income stream?

No, Chegg doesn't provide an income stream by paying out dividends.

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Step 5: Place your CHGG buy order

There are two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually sufficient.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a specific dollar amount limit, use a limit order.

Press the Open button and your broker will execute the order.

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Step 6: Get key alerts regarding your CHGG investment

Now that you own some CHGG stock, you'll want to keep up with your new company.

Create a watchlist to keep track of your CHGG stock.

CHGG Feed

How to Buy Stock in Chegg

To reiterate, here are the 6 steps to buy stock in Chegg:

  1. Figure out where to buy Chegg stock
  2. Open your brokerage account
  3. Put funds into your brokerage account
  4. Analyze Chegg stock
  5. Place your CHGG buy order
  6. Get key alerts regarding your CHGG investment

If you need a brokerage account, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep track of your new investment in Chegg, get started below.

NYSE: CHGG
$9.04+0.10 (+1.12%)
Updated Mar 1, 2024
Open eToro Account
NYSE: CHGG
$9.04+0.10 (+1.12%)
Updated Mar 1, 2024
Open eToro Account

FAQ

How much does it cost to buy one Chegg share?

As of Mar 1, 2024, it costs $9.04 to buy one share of Chegg stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $4, you can buy 0.442 shares of CHGG.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Chegg stock?

According to 5 Wall Street analysts who monitor Chegg, their consensus recommendation is to sell Chegg stock.

What is the best way to buy Chegg stock?

One way to place an order for Chegg stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.