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 $0.48 in the last session, up 3.89% from day before closing price of $0.46. In other words, the price has increased by $3.89 from its previous closing price. On the day, 2.87 million shares were traded. CHGG stock price reached its highest trading level at $0.4952 during the session, while it also had its lowest trading level at $0.4401.
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 0.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.00. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 0.83. In the meantime, Its Debt-to-Equity ratio is 2.61 whereas as Long-Term Debt/Eq ratio is at 0.76.
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 50473340 and an Enterprise Value of 244832400. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08 while its Price-to-Book (P/B) ratio in mrq is 0.26. Its current Enterprise Value per Revenue stands at 0.396 whereas that against EBITDA is 4.099.
Stock Price History:
The Beta on a monthly basis for CHGG is 1.84, which has changed by -0.930131 over the last 52 weeks, in comparison to a change of 0.059571505 over the same period for the S&P500. Over the past 52 weeks, CHGG has reached a high of $7.68, while it has fallen to a 52-week low of $0.44. The 50-Day Moving Average of the stock is -50.71%, while the 200-Day Moving Average is calculated to be -73.53%.
Shares Statistics:
According to the various share statistics, CHGG traded on average about 3.39M shares per day over the past 3-months and 3152470 shares per day over the past 10 days. A total of 104.88M shares are outstanding, with a floating share count of 97.58M. Insiders hold about 7.16% of the company’s shares, while institutions hold 77.11% stake in the company. Shares short for CHGG as of 1743379200 were 10539365 with a Short Ratio of 3.11, compared to 1740700800 on 10066063. Therefore, it implies a Short% of Shares Outstanding of 10539365 and a Short% of Float of 13.25.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
