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After finishing at $1.53 in the prior trading day, Chegg Inc (NYSE: CHGG) closed at $1.54, up 0.65%. In other words, the price has increased by $0.65 from its previous closing price. On the day, 4.72 million shares were traded. CHGG stock price reached its highest trading level at $1.6 during the session, while it also had its lowest trading level at $1.5102.
Ratios:
Our goal is to gain a better understanding of CHGG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.93. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 0.89. In the meantime, Its Debt-to-Equity ratio is 1.69 whereas as Long-Term Debt/Eq ratio is at 0.71.
On July 16, 2024, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight and also lowered its target price recommendation from $6.50 to $3.25.
Jefferies Downgraded its Hold to Underperform on April 30, 2024, whereas the target price for the stock was revised from $7 to $4.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 13 ’23 when Schultz Nathan J. sold 1,350 shares for $10.41 per share. The transaction valued at 14,054 led to the insider holds 421,025 shares of the business.
Schultz Nathan J. sold 630 shares of CHGG for $6,382 on Dec 04 ’23. The CHIEF OPERATING OFFICER now owns 426,802 shares after completing the transaction at $10.13 per share. On Nov 27 ’23, another insider, BROWN ANDREW J, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 16,921 shares for $10.02 each. As a result, the insider received 169,548 and left with 91,922 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 159651792 and an Enterprise Value of 430699616. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 0.63 whereas that against EBITDA is 5.116.
Stock Price History:
Over the past 52 weeks, CHGG has reached a high of $11.48, while it has fallen to a 52-week low of $1.48. The 50-Day Moving Average of the stock is -21.67%, while the 200-Day Moving Average is calculated to be -71.41%.
Shares Statistics:
The stock has traded on average 3.90M shares per day over the past 3-months and 3708240 shares per day over the last 10 days, according to various share statistics. A total of 102.82M shares are outstanding, with a floating share count of 98.51M. Insiders hold about 4.98% of the company’s shares, while institutions hold 92.93% stake in the company. Shares short for CHGG as of 1727654400 were 11185683 with a Short Ratio of 2.86, compared to 1724976000 on 13956251. Therefore, it implies a Short% of Shares Outstanding of 11185683 and a Short% of Float of 14.32.
