| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 174.3MM | -7% |
| Gross Profit | 127.9MM | -10% |
| Cost Of Revenue | 46.5MM | +2% |
| Operating Income | -2.5MM | -119% |
| Operating Expenses | 130.3MM | +1% |
| Net Income | -1.4MM | -115% |
| R&D | 44.4MM | -3% |
| G&A | 55.5MM | +4% |
| Marketing | 30.4MM | +2% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
SANTA CLARA, Calif., May 15, 2024--Chegg, Inc. (NYSE:CHGG), the leading student-first connected learning platform, today announced that on May 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.
SANTA CLARA, Calif., May 15, 2024--Chegg, Inc. (NYSE: CHGG) today announced the newest members of its Academic Advisory Board, strengthening its presence in the UK and Australia, and further reinforcing its commitment to student learning success and academic integrity. To ensure the student voice is strongly represented alongside that of leading academics, Chegg also launched a new Student Advisory Council.
We've also got a look at Toast's earnings report and how AI is pressuring Chegg.
The stock market is off to a washing machine kind of start for 2024, with gains and lulls that keep investors guessing. In this type of market, it’s equally important to identify not only the best stocks to buy, but F-rated stock picks to avoid a summer slump. The benchmark Dow Jones Industrial Average is up only 3% in 2024, while the Nasdaq composite and the S&P 500 are both doing better with 8% gains. So, there are plenty of stocks to choose from that would be solid picks for your portfolio. H
In this article, we will look at the 20 countries with the highest pupil-to-teacher ratio in the world. If you wish to skip our detailed analysis, you can go directly to 5 Countries with the Highest Pupil-to-Teacher Ratio in the World. Overview of Public Sector Teaching Statistics According to data from the National Center for […]
Chegg Inc. (NYSE:CHGG) faces a substantial challenge from the emergence of AI tools such as ChatGPT, which have exerted significant pressure on the company’s market performance. The latest earnings report reflects a concerning trend for Chegg, with Quarter 1 revenue down 7% year-over-year and Subscription Service Revenue down 9% year-over-year. Projections for the current quarter indicate further declines in total net revenue, gross margins and profits. Despite incorporating AI features and enha
ChapGPT has disrupted this business's customer value proposition.
Chegg (CHGG) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Chegg, Inc. (NYSE:CHGG) Q1 2024 Earnings Call Transcript April 29, 2024 Chegg, Inc. beats earnings expectations. Reported EPS is $0.26, expectations were $0.24. CHGG isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings. Welcome to Chegg, Inc.’s First Quarter 2024 […]
MicroStrategy falls sharply after reporting a steep first-quarter loss, Eli Lilly tops earnings estimates and raises full-year guidance, and Tesla shares decline after surging 15% on Monday. Amazon.com, AMD, and Super Micro Computer are scheduled to report earnings after the closing bell Tuesday.