Chegg Inc. (CHGG) Records 0.21% Price increase in Tuesday Trading

As of close of business last night, Chegg Inc.’s stock clocked out at $9.47, up 0.21% from its previous closing price of $9.45. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 3756093 shares were traded. CHGG stock price reached its highest trading level at $9.76 during the session, while it also had its lowest trading level at $9.35.

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To gain a deeper understanding of CHGG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.33. For the most recent quarter (mrq), Quick Ratio is recorded 4.60 and its Current Ratio is at 4.60. In the meantime, Its Debt-to-Equity ratio is 1.18 whereas as Long-Term Debt/Eq ratio is at 1.18.

Upgrades & Downgrades

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 15 when Schultz Nathan J. sold 7,007 shares for $16.10 per share. The transaction valued at 112,801 led to the insider holds 235,626 shares of the business.

Lem Esther sold 5,700 shares of CHGG for $96,128 on Mar 06. The CHIEF MARKETING OFFICER now owns 171,300 shares after completing the transaction at $16.86 per share. On Mar 02, another insider, Schultz Nathan J., who serves as the Chief Operating Officer of the company, sold 4,041 shares for $15.64 each. As a result, the insider received 63,204 and left with 224,637 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CHGG now has a Market Capitalization of 1.21B and an Enterprise Value of 1.86B. As of this moment, Chegg’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.27, and their Forward P/E ratio for the next fiscal year is 8.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.54 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 2.48 whereas that against EBITDA is 9.25.

Stock Price History:

Over the past 52 weeks, CHGG has reached a high of $30.05, while it has fallen to a 52-week low of $8.72. The 50-Day Moving Average of the stock is 14.55, while the 200-Day Moving Average is calculated to be 20.44.

Shares Statistics:

It appears that CHGG traded 4.52M shares on average per day over the past three months and 3.53M shares per day over the past ten days. A total of 123.71M shares are outstanding, with a floating share count of 116.63M. Insiders hold about 2.10% of the company’s shares, while institutions hold 97.50% stake in the company. Shares short for CHGG as of Apr 27, 2023 were 10.27M with a Short Ratio of 10.27M, compared to 10.87M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.58% and a Short% of Float of 11.80%.

Earnings Estimates

As of right now, 12 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.29 for the current quarter, with a high estimate of $0.35 and a low estimate of $0.21, while EPS last year was $0.36. The consensus estimate for the next quarter is $0.18, with high estimates of $0.28 and low estimates of $0.04.

Analysts are recommending an EPS of between $1.34 and $0.88 for the fiscal current year, implying an average EPS of $1.09. EPS for the following year is $1.17, with 13 analysts recommending between $1.47 and $0.83.

Revenue Estimates

In the current quarter, 12 analysts expect revenue to total $176.51M. It ranges from a high estimate of $177.3M to a low estimate of $175.46M. As of the current estimate, Chegg Inc.’s year-ago sales were $194.72M, an estimated decrease of -9.40% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $152.37M, a decrease of -3.80% over than the figure of -$9.40% in the same quarter last year. There is a high estimate of $165.78M for the next quarter, whereas the lowest estimate is $140.91M.

A total of 15 analysts have provided revenue estimates for CHGG’s current fiscal year. The highest revenue estimate was $750.28M, while the lowest revenue estimate was $671.41M, resulting in an average revenue estimate of $702.45M. In the same quarter a year ago, actual revenue was $766.9M, down -8.40% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $715.77M in the next fiscal year. The high estimate is $801.17M and the low estimate is $636.17M. The average revenue growth estimate for next year is up 1.90% from the average revenue estimate for this year.