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.
In the latest session, Chegg Inc (NYSE: CHGG) closed at $5.24 up 0.58% from its previous closing price of $5.21. In other words, the price has increased by $0.58 from its previous closing price. On the day, 4.17 million shares were traded. CHGG stock price reached its highest trading level at $5.39 during the session, while it also had its lowest trading level at $5.12.
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 1.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.04. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 0.92. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.27.
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, Jefferies on April 30, 2024, Downgraded its rating to Underperform and sets its target price to $4 from $7 previously.
On April 30, 2024, Craig Hallum Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $13 to $7.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 13 ’23 when Schultz Nathan J. sold 1,350 shares for $10.41 per share. The transaction valued at 14,054 led to the insider holds 421,025 shares of the business.
Schultz Nathan J. sold 630 shares of CHGG for $6,382 on Dec 04 ’23. The CHIEF OPERATING OFFICER now owns 426,802 shares after completing the transaction at $10.13 per share. On Nov 27 ’23, another insider, BROWN ANDREW J, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 16,921 shares for $10.02 each. As a result, the insider received 169,548 and left with 91,922 shares of the company.
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 535617056 and an Enterprise Value of 761695936. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.76 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at 1.083 whereas that against EBITDA is 9.711.
Stock Price History:
The Beta on a monthly basis for CHGG is 1.43, which has changed by -0.4841584 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, CHGG has reached a high of $13.11, while it has fallen to a 52-week low of $4.96. The 50-Day Moving Average of the stock is -30.60%, while the 200-Day Moving Average is calculated to be -42.89%.
Shares Statistics:
For the past three months, CHGG has traded an average of 3.04M shares per day and 4675540 over the past ten days. A total of 102.82M shares are outstanding, with a floating share count of 98.06M. Insiders hold about 4.06% of the company’s shares, while institutions hold 95.95% stake in the company. Shares short for CHGG as of 1713139200 were 14089522 with a Short Ratio of 4.63, compared to 1710460800 on 15683970. Therefore, it implies a Short% of Shares Outstanding of 14089522 and a Short% of Float of 18.540001.
Earnings Estimates
The current market rating for Chegg Inc (CHGG) reflects the collective analysis of 13.0 analysts closely monitoring its performance.On average, analysts expect EPS of $0.23 for the current quarter, with a high estimate of $0.27 and a low estimate of $0.18, while EPS last year was $0.28. The consensus estimate for the next quarter is $0.18, with high estimates of $0.23 and low estimates of $0.1.
Analysts are recommending an EPS of between $1.22 and $0.83 for the fiscal current year, implying an average EPS of $1.03. EPS for the following year is $1.08, with 12.0 analysts recommending between $1.34 and $0.71.
Revenue Estimates
A total of 13 analysts believe the company’s revenue will be $160.04M this quarter.It ranges from a high estimate of $160.49M to a low estimate of $159M. As of the current estimate, Chegg Inc’s year-ago sales were $182.85MFor the next quarter, 13 analysts are estimating revenue of $143.75M. There is a high estimate of $156.36M for the next quarter, whereas the lowest estimate is $138.7M.
A total of 15 analysts have provided revenue estimates for CHGG’s current fiscal year. The highest revenue estimate was $681M, while the lowest revenue estimate was $638.93M, resulting in an average revenue estimate of $654.44M. In the same quarter a year ago, actual revenue was $716.29MBased on 14 analysts’ estimates, the company’s revenue will be $652.03M in the next fiscal year. The high estimate is $684M and the low estimate is $610.56M.
