Financial Analysis: Chegg Inc (CHGG)’s Ratios Unveil Key Insights

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As of close of business last night, Chegg Inc’s stock clocked out at $2.85, up 1.06% from its previous closing price of $2.82. In other words, the price has increased by $1.06 from its previous closing price. On the day, 4.25 million shares were traded. CHGG stock price reached its highest trading level at $2.87 during the session, while it also had its lowest trading level at $2.73.

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 0.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.20. 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, Jefferies on April 30, 2024, Downgraded its rating to Underperform and sets its target price to $4 from $7 previously.

On April 30, 2024, Craig Hallum Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation 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 291318432 and an Enterprise Value of 517396448. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 0.30. Its current Enterprise Value per Revenue stands at 0.736 whereas that against EBITDA is 6.596.

Stock Price History:

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 -41.74%, while the 200-Day Moving Average is calculated to be -65.12%.

Shares Statistics:

It appears that CHGG traded 3.72M shares on average per day over the past three months and 6153070 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 92.91% stake in the company. Shares short for CHGG as of 1715731200 were 14929170 with a Short Ratio of 4.82, compared to 1713139200 on 14089522. Therefore, it implies a Short% of Shares Outstanding of 14929170 and a Short% of Float of 19.479999.

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