Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Chegg Inc (NYSE: CHGG) was $1.52 for the day, up 3.40% from the previous closing price of $1.47. In other words, the price has increased by $3.40 from its previous closing price. On the day, 2.23 million shares were traded. CHGG stock price reached its highest trading level at $1.57 during the session, while it also had its lowest trading level at $1.45.
Ratios:
Our analysis of CHGG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.63. For the most recent quarter (mrq), Quick Ratio is recorded 0.91 and its Current Ratio is at 0.91. In the meantime, Its Debt-to-Equity ratio is 3.38 whereas as Long-Term Debt/Eq ratio is at 1.44.
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 158546640 and an Enterprise Value of 423015776. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 0.639 whereas that against EBITDA is 4.764.
Stock Price History:
The Beta on a monthly basis for CHGG is 1.39, which has changed by -0.84969324 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, CHGG has reached a high of $10.50, while it has fallen to a 52-week low of $1.34. The 50-Day Moving Average of the stock is -19.08%, while the 200-Day Moving Average is calculated to be -45.97%.
Shares Statistics:
CHGG traded an average of 3.73M shares per day over the past three months and 2654490 shares per day over the past ten days. A total of 103.97M shares are outstanding, with a floating share count of 96.59M. Insiders hold about 7.40% of the company’s shares, while institutions hold 80.25% stake in the company. Shares short for CHGG as of 1735603200 were 9935734 with a Short Ratio of 2.67, compared to 1732838400 on 9930152. Therefore, it implies a Short% of Shares Outstanding of 9935734 and a Short% of Float of 12.620000000000001.
