Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Chegg Inc (NYSE: CHGG) closed at $1.65 in the last session, down -1.79% from day before closing price of $1.68. In other words, the price has decreased by -$1.79 from its previous closing price. On the day, 2.43 million shares were traded. CHGG stock price reached its highest trading level at $1.7 during the session, while it also had its lowest trading level at $1.6.
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 0.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.74. For the most recent quarter (mrq), Quick Ratio is recorded 0.91 and its Current Ratio is at 0.91. In the meantime, Its Debt-to-Equity ratio is 3.38 whereas as Long-Term Debt/Eq ratio is at 1.44.
On July 16, 2024, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight and also lowered its target price recommendation from $6.50 to $3.25.
Jefferies Downgraded its Hold to Underperform on April 30, 2024, whereas the target price for the stock was revised from $7 to $4.
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 172106544 and an Enterprise Value of 441791104. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 0.667 whereas that against EBITDA is 4.975.
Stock Price History:
Over the past 52 weeks, CHGG has reached a high of $11.32, while it has fallen to a 52-week low of $1.34. The 50-Day Moving Average of the stock is -13.65%, while the 200-Day Moving Average is calculated to be -48.83%.
Shares Statistics:
According to the various share statistics, CHGG traded on average about 4.02M shares per day over the past 3-months and 3100370 shares per day over the past 10 days. A total of 103.97M shares are outstanding, with a floating share count of 98.59M. Insiders hold about 5.48% of the company’s shares, while institutions hold 80.63% stake in the company. Shares short for CHGG as of 1734048000 were 9330094 with a Short Ratio of 2.32, compared to 1731628800 on 10679335. Therefore, it implies a Short% of Shares Outstanding of 9330094 and a Short% of Float of 11.85.
