Let’s look at some of the highlights which make Chegg stock a good buy : 87% brand recognition amongst U.S. college students. Chegg has indicated a pool of 102 million students as its market opportunity, of which they currently claim 6.6 million as subscribers. Revenue is growing at 57% year-over-year.
Read moreIs Chegg a good stock to buy?
There aren’t any compelling reasons to buy Chegg now Chegg stock got overheated during the rally in growth stocks in early 2021. At its all-time high, shares raded at over 90 times earnings, which was clearly an unsustainable valuation for the company as it moved beyond pandemic lockdowns.
Read moreIs Chegg a profitable company?
Consensus from 18 of the American Consumer Services analysts is that Chegg is on the verge of breakeven . They anticipate the company to incur a final loss in 2020, before generating positive profits of US$26m in 2021. The company is therefore projected to breakeven around 12 months from now or less.
Read moreIs Chegg losing money?
Chegg Services Revenues grew 62% year-over-year to $162.4 million, or 82% of total net revenues, compared to 76% in Q1 2020 . Net Loss was $65.2 million which included a $78.2 million loss on early extinguishment of debt related to 2025 notes.
Read moreIs Chegg Inc A Good Investment?
There aren’t any compelling reasons to buy Chegg now Chegg stock got overheated during the rally in growth stocks in early 2021. At its all-time high, shares raded at over 90 times earnings, which was clearly an unsustainable valuation for the company as it moved beyond pandemic lockdowns.
Read moreWhat is happening to Chegg?
Chegg Stock Collapses as More Students Give Up School and Head to Work . Chegg shares lost nearly half their value after the company provided an earnings outlook that raised concern about the health of its business and the overall online education market.
Read moreWhat company owns Chegg?
Chegg, Inc., is an American education technology company based in Santa Clara, California. … Chegg. Type of businessPublicFoundedJuly 2005HeadquartersSanta Clara, California, U.S.Founder(s)Aayush Phumbhra Osman Rashid Josh CarlsonKey peopleDan Rosensweig, Chairman, president and CEOChegg – Wikipedia en.wikipedia.org › wiki › Chegg
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