Chegg, Inc.Pembelian
Future of learning and education with $CHGG
TA
-120EMA Support. High volume at $62 level.
- Early May 2020 shows double the volume from the previous highest volume day= Institutional accumulation. Average volume 2.8M. May 5th volume : 38.5M
- Distribution volume slowing down
- RSI reversal
- MACD golden cross
- Strong relative strength
FA,
- Integrated platform = Chegg study+ Chegg Writing+ Chegg Math solver + Chegg tutors + High quality future proof skills based courses
- Structural tailwind with e-learning/self-learning.
- Yahoo finance Growth rate : 25%+. Simply wall street growth rate : 68%
- FY15 to FY20 CAGR revenue 39%
- Accelerating Earnings, revenues and margins in consecutive quarters(Almost Code 33)
- Growing subscriber base= Network effect with more tutors and students
- High growth and high margin. FCF positive
- Good management
Current subscribers of 3.9M with 29% YoY growth. Total opportunity at 102M subscribers
- Baillie Gifford ownership : 11%. High quality fund ownership + Growing institutional ownership. #smartmoney
Concerns,
-Increased competition : Amazon, Khan Academy, Open study, Linkedin
- Physical textbooks are a thing of the past.
- Debt of 900M and interest coverage of 1.09. However, Cash is at 700M with a healthy current ratio of 8+
Added at $72.
-120EMA Support. High volume at $62 level.
- Early May 2020 shows double the volume from the previous highest volume day= Institutional accumulation. Average volume 2.8M. May 5th volume : 38.5M
- Distribution volume slowing down
- RSI reversal
- MACD golden cross
- Strong relative strength
FA,
- Integrated platform = Chegg study+ Chegg Writing+ Chegg Math solver + Chegg tutors + High quality future proof skills based courses
- Structural tailwind with e-learning/self-learning.
- Yahoo finance Growth rate : 25%+. Simply wall street growth rate : 68%
- FY15 to FY20 CAGR revenue 39%
- Accelerating Earnings, revenues and margins in consecutive quarters(Almost Code 33)
- Growing subscriber base= Network effect with more tutors and students
- High growth and high margin. FCF positive
- Good management
Current subscribers of 3.9M with 29% YoY growth. Total opportunity at 102M subscribers
- Baillie Gifford ownership : 11%. High quality fund ownership + Growing institutional ownership. #smartmoney
Concerns,
-Increased competition : Amazon, Khan Academy, Open study, Linkedin
- Physical textbooks are a thing of the past.
- Debt of 900M and interest coverage of 1.09. However, Cash is at 700M with a healthy current ratio of 8+
Added at $72.
Pernyataan Penyangkalan
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