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After finishing at $0.74 in the prior trading day, Chegg Inc (NYSE: CHGG) closed at $0.72, down -3.07%. In other words, the price has decreased by -$3.07 from its previous closing price. On the day, 4.48 million shares were traded. CHGG stock price reached its highest trading level at $0.7527 during the session, while it also had its lowest trading level at $0.6858.
Ratios:
Our goal is to gain a better understanding of CHGG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.50. 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 75300088 and an Enterprise Value of 269659200. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12 while its Price-to-Book (P/B) ratio in mrq is 0.39. Its current Enterprise Value per Revenue stands at 0.437 whereas that against EBITDA is 4.514.
Stock Price History:
The Beta on a monthly basis for CHGG is 1.77, which has changed by -0.90387183 over the last 52 weeks, in comparison to a change of 0.086116076 over the same period for the S&P500. Over the past 52 weeks, CHGG has reached a high of $8.15, while it has fallen to a 52-week low of $0.74. The 50-Day Moving Average of the stock is -43.48%, while the 200-Day Moving Average is calculated to be -64.39%.
Shares Statistics:
The stock has traded on average 3.30M shares per day over the past 3-months and 2675830 shares per day over the last 10 days, according to various share statistics. 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 77.10% stake in the company. Shares short for CHGG as of 1740700800 were 10066063 with a Short Ratio of 3.05, compared to 1738281600 on 10602823. Therefore, it implies a Short% of Shares Outstanding of 10066063 and a Short% of Float of 12.659999999999998.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
