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As of close of business last night, Chegg Inc’s stock clocked out at $3.72, up 17.35% from its previous closing price of $3.17. In other words, the price has increased by $17.35 from its previous closing price. On the day, 7.6 million shares were traded. CHGG stock price reached its highest trading level at $3.76 during the session, while it also had its lowest trading level at $3.42.
Ratios:
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 0.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.87. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 0.92. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on Jul-17-24, Upgraded its rating to Equal-Weight and sets its target price to $3.25 from $6.50 previously.
On April 30, 2024, Jefferies Downgraded its rating to Underperform which previously was Hold and also lowered its target price recommendation from $7 to $4.
Craig Hallum Downgraded its Buy to Hold on April 30, 2024, whereas the target price for the stock was revised from $13 to $7.
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 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 380247232 and an Enterprise Value of 606325568. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 0.39. Its current Enterprise Value per Revenue stands at 0.862 whereas that against EBITDA is 7.73.
Stock Price History:
The Beta on a monthly basis for CHGG is 1.35, which has changed by -0.61209595 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, CHGG has reached a high of $13.11, while it has fallen to a 52-week low of $2.53. The 50-Day Moving Average of the stock is 1.91%, while the 200-Day Moving Average is calculated to be -51.22%.
Shares Statistics:
It appears that CHGG traded 4.18M shares on average per day over the past three months and 3525400 shares per day over the past ten days. A total of 102.82M shares are outstanding, with a floating share count of 97.03M. Insiders hold about 5.07% of the company’s shares, while institutions hold 92.78% stake in the company. Shares short for CHGG as of 1719532800 were 16745424 with a Short Ratio of 4.00, compared to 1717113600 on 17931732. Therefore, it implies a Short% of Shares Outstanding of 16745424 and a Short% of Float of 21.85.
