For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Chegg Inc’s stock clocked out at $6.90, up 1.32% from its previous closing price of $6.81. In other words, the price has increased by $1.32 from its previous closing price. On the day, 3.41 million shares were traded. CHGG stock price reached its highest trading level at $6.9175 during the session, while it also had its lowest trading level at $6.74.
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 2.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.35. 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:
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 710348096 and an Enterprise Value of 1005057280. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 0.75. Its current Enterprise Value per Revenue stands at 1.403 whereas that against EBITDA is 12.206.
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 $6.63. The 50-Day Moving Average of the stock is -14.93%, while the 200-Day Moving Average is calculated to be -26.05%.
Shares Statistics:
It appears that CHGG traded 2.72M shares on average per day over the past three months and 2041450 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 97.42% stake in the company. Shares short for CHGG as of 1711584000 were 13606470 with a Short Ratio of 5.00, compared to 1709164800 on 14893170. Therefore, it implies a Short% of Shares Outstanding of 13606470 and a Short% of Float of 19.370002.
Earnings Estimates
The current assessment of Chegg Inc (CHGG) involves the perspectives of CHRG analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $6.90, with high estimates of $0.00 and low estimates of $39.80.
Analysts are recommending an EPS of between $Industrials and $Financial Services for the fiscal current year, implying an average EPS of $Consumer Defensive.
