Chegg Inc (NYSE: CHGG) closed the day trading at $7.45 down -0.67% from the previous closing price of $7.50. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 1929620 shares were traded.
Ratios:
For a better understanding of CHGG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.70. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.80. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.28.
On February 06, 2024, Piper Sandler Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $9 to $8.50.
Goldman Downgraded its Neutral to Sell on January 19, 2024, whereas the target price for the stock was revised from $10 to $8.
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 766.97M and an Enterprise Value of 1.05B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 1.47 whereas that against EBITDA is 5.74.
Stock Price History:
Over the past 52 weeks, CHGG has reached a high of $18.77, while it has fallen to a 52-week low of $6.98. The 50-Day Moving Average of the stock is 8.28, while the 200-Day Moving Average is calculated to be 9.36.
Shares Statistics:
Over the past 3-months, CHGG traded about 2.73M shares per day on average, while over the past 10 days, CHGG traded about 1.87M shares per day. A total of 102.82M shares are outstanding, with a floating share count of 99.02M. Insiders hold about 3.81% of the company’s shares, while institutions hold 97.27% stake in the company. Shares short for CHGG as of Mar 15, 2024 were 15.68M with a Short Ratio of 4.99, compared to 17.28M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.23% and a Short% of Float of 22.33%.
Earnings Estimates
Current recommendations for the stock of the company come from 13 analysts. On average, analysts expect EPS of $0.25 for the current quarter, with a high estimate of $0.28 and a low estimate of $0.2, while EPS last year was $0.27. The consensus estimate for the next quarter is $0.27, with high estimates of $0.34 and low estimates of $0.19.
Analysts are recommending an EPS of between $1.32 and $0.9 for the fiscal current year, implying an average EPS of $1.13. EPS for the following year is $1.16, with 11 analysts recommending between $1.42 and $0.91.
Revenue Estimates
13 analysts predict $174.1M in revenue for the current quarter. It ranges from a high estimate of $175.4M to a low estimate of $173.36M. As of the current estimate, Chegg Inc’s year-ago sales were $187.6M, an estimated decrease of -7.20% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $173.58M, a decrease of -5.10% over than the figure of -$7.20% in the same quarter last year. There is a high estimate of $184.8M for the next quarter, whereas the lowest estimate is $169.56M.
A total of 14 analysts have provided revenue estimates for CHGG’s current fiscal year. The highest revenue estimate was $709.4M, while the lowest revenue estimate was $667.47M, resulting in an average revenue estimate of $685.45M. In the same quarter a year ago, actual revenue was $716.29M, down -4.30% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $696.97M in the next fiscal year. The high estimate is $733.8M and the low estimate is $647.14M. The average revenue growth estimate for next year is up 1.70% from the average revenue estimate for this year.
