The closing price of Chegg Inc (NYSE: CHGG) was $7.22 for the day, down -4.62% from the previous closing price of $7.57. In other words, the price has decreased by -$0.35 from its previous closing price. On the day, 2536990 shares were traded.
Ratios:
Our analysis of CHGG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.56. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 743.29M and an Enterprise Value of 1.03B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 1.44 whereas that against EBITDA is 5.61.
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 $7.30. The 50-Day Moving Average of the stock is 8.78, while the 200-Day Moving Average is calculated to be 9.46.
Shares Statistics:
CHGG traded an average of 2.82M shares per day over the past three months and 2.06M shares per day over the past ten days. 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 97.26% stake in the company. Shares short for CHGG as of Mar 15, 2024 were 15.68M with a Short Ratio of 5.56, 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%.
