It is a perceptible fact that knowledge is the key to the governess. Knowledge is ubiquitous, and to harness it, one must traverse through high roads of hurdles and rough paths to acquire it. Everything in this world comes at a price. The advent of Chegg Inc aimed to fulfill the dreams of every successful aspirant. It is an American education technology company. The company has made an unbeaten stand for itself for 15 years. The target industry is online retailing and education. It is a well-built platform for students that seeks to support children to unveil their journey of learning from high school to college and into their career. Being a big education technology-giant, the shares of the company are listed in NYSE under the ticker NYSE: CHGG at https://www.webull.com/quote/nyse-chgg.
All about NYSE:
The early established Ney York Stock Exchange has several U.S publicly traded companies enlisted on this board. The board set under the buttonwood tree by a couple of brokers has now 1.46 billion shares traded every day along with the market capitalization of 23 trillion USD. It is a culmination of blue-chip firms and matured industries and its stocks are considered to be secured and well-established. The real-time quote from NYSE: CHGG is $ 78.22 per share, which indicates a massive downfall of 1.87%.
Current affairs of the company:
Chegg provides aid to students to help them to pass tests, exams, and class. It includes include digital products, services, and materials that consists of printed textbooks and eTextbooks. The children can master the challenging concepts on their own by its digital product offerings. The Chegg online platform has services that help students to find human help 24×7 via a mesh of globally certified tutors along with live classes. It provides skill-based learning for professional courses in the areas of software engineering, data science, data analytics, product design, and product management directly to students. Chegg Prep, internships, college admission and scholarship services have fulfilled the dreams of many.
Chegg serves a niche market and the risks from competitors like Amazon, who have adequate financial resources as well as expertise; it is tough for the company to stay afloat. The much advantage in the hands of the competitors is provision for similar services at a much lower price with additional amenities. The market scenario concludes that competitors are likely to acquire Chegg, a profitable decision for investors.
The effects of COVID-19 have seemed to aid the company. With a steady improvement in services view high-growth, high-margin business for a long haul. The subscribes of these services and revenue is increased by 35%. Chegg is all set to get back in the game with its aim to provide smarter ways to a student. You can do stock trading from stock market websites.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.