The price of Chegg Inc (NYSE: CHGG) closed at $8.20 in the last session, up 0.24% from day before closing price of $8.18. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 1872865 shares were traded.
Ratios:
We take a closer look at CHGG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.17. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 842.12M and an Enterprise Value of 1.13B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.18 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 1.58 whereas that against EBITDA is 6.15.
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 $7.32. The 50-Day Moving Average of the stock is 9.60, while the 200-Day Moving Average is calculated to be 9.59.
Shares Statistics:
According to the various share statistics, CHGG traded on average about 2.88M shares per day over the past 3-months and 2.44M shares per day over the past 10 days. A total of 102.82M shares are outstanding, with a floating share count of 98.92M. Insiders hold about 3.92% of the company’s shares, while institutions hold 97.21% stake in the company. Shares short for CHGG as of Feb 15, 2024 were 17.28M with a Short Ratio of 5.99, compared to 15.66M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 16.78% and a Short% of Float of 24.60%.
Earnings Estimates
The company has 14 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.24 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 $0.28, 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 $1.12. EPS for the following year is $1.15, with 12 analysts recommending between $1.42 and $0.91.
Revenue Estimates
According to 14 analysts, the current quarter’s revenue is expected to be $174.1M. 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, 14 analysts are estimating revenue of $173.84M, a decrease of -4.90% 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 15 analysts have provided revenue estimates for CHGG’s current fiscal year. The highest revenue estimate was $709.41M, while the lowest revenue estimate was $667.47M, resulting in an average revenue estimate of $686.58M. In the same quarter a year ago, actual revenue was $716.29M, down -4.10% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $698.96M 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 1.80% from the average revenue estimate for this year.
