In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Chegg Inc (NYSE: CHGG) closed at $0.51 down -9.75% from its previous closing price of $0.57. In other words, the price has decreased by -$9.75 from its previous closing price. On the day, 5.99 million shares were traded. CHGG stock price reached its highest trading level at $0.573 during the session, while it also had its lowest trading level at $0.4952.
Ratios:
For a deeper understanding of Chegg Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.07. 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.
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, Morgan Stanley on January 14, 2025, Downgraded its rating to Underweight and sets its target price to $1.25 from $2 previously.
Morgan Stanley Upgraded its Underweight to Equal-Weight on July 16, 2024, whereas the target price for the stock was revised from $6.50 to $3.25.
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 53710696 and an Enterprise Value of 248069776. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09 while its Price-to-Book (P/B) ratio in mrq is 0.28. Its current Enterprise Value per Revenue stands at 0.402 whereas that against EBITDA is 4.153.
Stock Price History:
The Beta on a monthly basis for CHGG is 1.78, which has changed by -0.9293629 over the last 52 weeks, in comparison to a change of -0.024663687 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 $0.57. The 50-Day Moving Average of the stock is -52.79%, while the 200-Day Moving Average is calculated to be -72.73%.
Shares Statistics:
For the past three months, CHGG has traded an average of 3.27M shares per day and 2960150 over the past ten 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 77.12% stake in the company. Shares short for CHGG as of 1741910400 were 9967493 with a Short Ratio of 3.05, compared to 1739491200 on 10741349. Therefore, it implies a Short% of Shares Outstanding of 9967493 and a Short% of Float of 12.529999.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
