Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Chegg Inc (NYSE: CHGG) closed at $1.00 in the last session, up 11.11% from day before closing price of $0.90. In other words, the price has increased by $11.11 from its previous closing price. On the day, 3.46 million shares were traded. CHGG stock price reached its highest trading level at $1.01 during the session, while it also had its lowest trading level at $0.87.
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 1.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.61. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.43.
On January 14, 2025, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $2 to $1.25.
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 106570000 and an Enterprise Value of 103045456. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19 while its Price-to-Book (P/B) ratio in mrq is 0.57. Its current Enterprise Value per Revenue stands at 0.183 whereas that against EBITDA is 1.544.
Stock Price History:
The Beta on a monthly basis for CHGG is 1.73, which has changed by -0.74619293 over the last 52 weeks, in comparison to a change of 0.11936104 over the same period for the S&P500. Over the past 52 weeks, CHGG has reached a high of $4.39, while it has fallen to a 52-week low of $0.44. The 50-Day Moving Average of the stock is 47.92%, while the 200-Day Moving Average is calculated to be -33.05%.
Shares Statistics:
According to the various share statistics, CHGG traded on average about 3.26M shares per day over the past 3-months and 3689310 shares per day over the past 10 days. A total of 105.38M shares are outstanding, with a floating share count of 98.94M. Insiders hold about 7.16% of the company’s shares, while institutions hold 62.91% stake in the company. Shares short for CHGG as of 1745971200 were 10296937 with a Short Ratio of 3.16, compared to 1743379200 on 10539365. Therefore, it implies a Short% of Shares Outstanding of 10296937 and a Short% of Float of 10.07.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
