The price of Chegg, Inc. (NYSE:CHGG) went up by $0.69 now trading at $36.74. Their shares witnessed a 62.06% increase from the 52-week low price of $22.67 they recorded on 2018-10-29. Even though it is still -13.47% behind the $41.69 high touched on 2019-03-19. The last few days have been rough for the stock, as its price has decreased by -1.9% during the week. It has also performed poorly over the past three months, as it lost around -6.99% while it has so far climbed around 40.44% during the course of a year. The stock of CHGG recorded 29.28% uptrend from the beginning of this year till date. The 12-month potential price target for Chegg, Inc. is set at $42.3. This target means that the stock has an upside potential to increase by 15.13% from the current trading price.
74 institutions entered new Chegg, Inc. (NYSE:CHGG) positions, 153 added to their existing positions in these shares, 119 lowered their positions, and 24 exited their positions entirely.
Chegg, Inc. (CHGG) trade volume has decreased by -66.95% as around 756,950 shares were sold when compared with its 50-day average volume of traded shares which is 2,290,630. At the moment, CHGG is witnessing a downtrend, as it is trading -0.1% below its 20-day SMA, -2.76% below its 50-day SMA, and 13.04% below its 200-day SMA. The company runs an ROE of roughly -4.1%, with financial analysts predicting that their earnings per share growth will be around 25% per annum for the next five year. This will be compared to the 41% increase witnessed over the past five years.
The first technical resistance point for Chegg, Inc. (NYSE:CHGG) will likely come at $37.09, marking a 0.94% premium to the current level. The second resistance point is at $37.43, about 1.84% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $35.99, the lower end of the range. CHGG’s 14-day MACD is 0.12 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 48.4, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 51.29 percent, which is high when compared to that of the 50-day’s 41.92 percent.
The shares of Zynga Inc. (NASDAQ:ZNGA) has decreased by -0.16%, and now trading at $6.06 on the Wall Street in the intra-day deal, with their shares traded now around 8,208,593. This is a decline of -8,190,907 shares over the average 16,399,500 shares that were traded daily over the last three months. The stock that is trading at $6.06 went higher by 82.53% from its 52-week low of $3.32 that it attained back on 2018-11-28. The stock recorded a 52-week high of $6.31 nearly 11 days ago on 2019-05-16.
ZNGA stock has performed well over the past 30 days, as it added 10.99% while its price climbed by 54.2% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -2.1% over the last week. The stock’s 12-month potential target price is now at $6.89. This means that the stock price might likely increase by 13.7% from its current trading price. 13 out of 18 Wall Street analysts which represents 72.22% rated the stock as a buy while the remaining 22.22% rated it as a hold, with 5.56% of analysts rating it as a sell.
Zynga Inc. (NASDAQ:ZNGA) has been utilizing an ROE that is roughly -7.3%, with stock analysts predicting that the company’s EPS for the next five years will go up by 30% per year, following the 18.9% raise that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 1.56% above its 20-day SMA, 7.81% above its 50-day SMA, and 34.88% above its 200-day SMA. In percentage terms, the aggregate Zynga Inc. shares held by institutional investors is 75.5%. 64 institutions jumped in to acquire Zynga Inc. (ZNGA) fresh stake, 138 added to their current holdings in these shares, 124 lowered their positions, and 34 left no stake in the company.
The stock’s 9-day MACD is -0.03 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 53.74, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 21.81 percent, which is less when compared to that of the 50-day’s 26.96 percent. On the daily chart, we see that the stock could reach the first level of resistance at $6.14, sporting a 1.3% premium to the current level. The next resistance point is at $6.22, representing nearly 2.57% premium to the current market price of Zynga Inc. (ZNGA). On the other hand, failure to breach the immediate hurdles can drag it down to $5.94, the lower end of the range.
