The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, Chegg Inc (NYSE: CHGG) closed at $0.87 up 1.75% from its previous closing price of $0.86. In other words, the price has increased by $1.75 from its previous closing price. On the day, 7.57 million shares were traded.
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 0.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.83. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15 while its Price-to-Book (P/B) ratio in mrq is 0.47.
Stock Price History:
Over the past 52 weeks, CHGG has reached a high of $8.41, while it has fallen to a 52-week low of $0.86. The 50-Day Moving Average of the stock is -39.55%, while the 200-Day Moving Average is calculated to be -59.66%.
Shares Statistics:
A total of 104.88M shares are outstanding, with a floating share count of 97.42M. Insiders hold about 7.32% of the company’s shares, while institutions hold 77.14% stake in the company.
