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 $6.81, down 0.29% from the previous day, and has decreased 63.07% in one year. It has underperformed other stocks in the Education & Training Services industry by 0.78 percentage points. Chegg stock is currently +2.71% from its 52-week low of $6.63, and -63.6% from its 52-week high of $18.71.
As of Apr 24, 2024, there are 102.95M CHGG shares outstanding. The market capitalization of CHGG is $701.08M. In the last 24 hours, 1.72M CHGG shares were traded.
How to Buy Chegg Stock
Wondering how to invest in Chegg stock? Here's how.
- 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.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Select your method of payment and add your info.
- 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).
- 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.
- 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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Open eToro AccountStep 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.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create your new brokerage account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
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:
Watch this video walkthrough if you need help depositing money into your new brokerage account.
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
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 42.56x, relative to Education & Training Services industry P/E ratio of -53.46x
- CHGG may be undervalued based on its P/B ratio of 0.74x, relative to Education & Training Services industry P/B ratio of 2x
- CHGG may be undervalued based on its PEG ratio of 0.45x
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 6 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.
Latest CHGG Analyst Recommendations
Arvind Ramnani, a bottom 1% analyst from Piper Sandler downgrades CHGG to a strong sell rating and lowers their CHGG price target from $9.00 to $8.50, on Feb 6, 2024.
You can dig deeper into what analysts are forecasting on the Chegg stock forecast page.
CHGG Technicals
How is CHGG performing as a company?
Last year, CHGG earnings were $18.18M. During the past one years, CHGG's earnings have increased by -92.34% per year. This was slower than the Education & Training Services industry average of 2.81%.
Last year, CHGG revenue was $716.30M. In the past 5 year, CHGG's revenue has increased by 17.41% per year. This was faster than the Education & Training Services industry average of 10.35%.
Dive into CHGG's earnings and revenue performance here.
What are CHGG executives and large shareholders up to?
In the last 12 months, insiders at CHGG have sold more shares than they have bought.
David Longo, CFO Treasurer of CHGG, was the latest CHGG insider to sell. They sold $11,704.55 worth of CHGG shares on Apr 12, 2024.
Research more about who owns CHGG shares here.
Does CHGG provide a stable income stream?
No, Chegg doesn't provide an income stream by paying out dividends.
What do other investors have to say about CHGG?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Place your CHGG buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price limit, place a limit order.
Hit the Open Trade button and eToro will execute the order.
If you need additional help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your CHGG investment
Now that you own some shares in CHGG, you'll want to keep up with your new investment.
Make a watchlist to get the latest updates about your CHGG stock.
CHGG Feed
How to Buy Stock in Chegg
To reiterate, here are the 6 steps you need to take to buy Chegg stock right now:
- Figure out where to buy Chegg stock
- Open your brokerage account
- Put funds into your brokerage account
- Analyze Chegg stock
- Place your CHGG buy order
- Get key alerts regarding your CHGG investment
If you require a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Chegg, add CHGG to your watchlist below.
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