Chegg Inc [CHGG] stock prices are up 4.56% to $8.94 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CHGG shares have gain 2.05% over the last week, with a monthly amount drifted -8.59%, and not seem to be holding up well over a long-time horizon.
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On 13, February 2024, Chegg Announces 2nd Annual Global Student Mental Health Week Amid Growing Loneliness Epidemic. In a post published today on Yahoo Finance, Global organizations join Chegg to elevate conversations around student mental health, taking place February 26 – March 3.
From an analyst’s perspective:
Chegg Inc [NYSE: CHGG] stock has seen the most recent analyst activity on February 06, 2024, when Piper Sandler downgraded its rating to a Underweight and also revised its price target to $8.50 from $9. Previously, Goldman downgraded its rating to Sell on January 19, 2024, and dropped its price target to $8. On November 20, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $9 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $11 on May 02, 2023. Barrington Research downgraded its rating to a Mkt Perform. Craig Hallum upgraded its rating to Buy for this stock on April 20, 2023, and upped its price target to $25. In a note dated February 07, 2023, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
The stock price of Chegg Inc [CHGG] has been fluctuating between $7.32 and $18.77 over the past year. Currently, Wall Street analysts expect the stock to reach $36.09 within the next 12 months. Chegg Inc [NYSE: CHGG] shares were valued at $8.94 at the most recent close of the market. An investor can expect a potential return of 303.69% based on the average CHGG price forecast.
Analyzing the CHGG fundamentals
The Chegg Inc [NYSE:CHGG] reported sales of 716.29M for trailing twelve months, representing a drop of -8.39%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.76 points at the first support level, and at 8.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.06, and for the 2nd resistance point, it is at 9.17.
Chegg Inc [CHGG] reported earnings per share of $0.36 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.36/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.18 per share as compared to estimates of $0.17 per share, a difference of $0.01 representing a surprise of 5.90%.
Ratios To Look Out For
It’s worth pointing out that Chegg Inc [NYSE:CHGG]’s Current Ratio is 0.80. On the other hand, the Quick Ratio is 0.80, and the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 1.28, the price to book ratio is 0.97.
Transactions by insiders
Recent insider trading involved Schultz Nathan J., CHIEF OPERATING OFFICER, that happened on Dec 13 when 1350.0 shares were sold. CHIEF OPERATING OFFICER, Schultz Nathan J. completed a deal on Dec 04 to sell 630.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER BROWN ANDREW J sold 16921.0 shares on Nov 27.
