Chegg Inc [CHGG] stock prices are up 6.38% to $3.17 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CHGG shares have gain 8.93% over the last week, with a monthly amount drifted -7.58%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Chegg Inc [NYSE: CHGG] stock has seen the most recent analyst activity on April 30, 2024, when Jefferies downgraded its rating to a Underperform and also revised its price target to $4 from $7. Previously, Craig Hallum downgraded its rating to Hold on April 30, 2024, and dropped its price target to $7. Piper Sandler downgraded its rating to a Underweight and decreased its price target to $8.50 on February 06, 2024. Goldman downgraded its rating to a Sell and reduced its price target to $8 on January 19, 2024. Morgan Stanley downgraded its rating to Underweight for this stock on November 20, 2023, and downed its price target to $9. In a note dated May 02, 2023, Jefferies downgraded an Hold rating on this stock and revised its target price from $25 to $11.
The stock price of Chegg Inc [CHGG] has been fluctuating between $2.53 and $13.11 over the past year. Currently, Wall Street analysts expect the stock to reach $33.47 within the next 12 months. Chegg Inc [NYSE: CHGG] shares were valued at $3.17 at the most recent close of the market. An investor can expect a potential return of 955.84% based on the average CHGG price forecast.
Analyzing the CHGG fundamentals
The Chegg Inc [NYSE:CHGG] reported sales of 703.04M for trailing twelve months, representing a drop of -7.06%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is -0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.64.
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 3.03 points at the first support level, and at 2.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.24, and for the 2nd resistance point, it is at 3.31.
Ratios To Look Out For
It’s worth pointing out that Chegg Inc [NYSE:CHGG]’s Current Ratio is 0.92. Further, the Quick Ratio stands at 0.92, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 0.33.
Transactions by insiders
Recent insider trading involved Schultz Nathan J., CHIEF OPERATING OFFICER, that happened on Dec 13 ’23 when 1350.0 shares were sold. CHIEF OPERATING OFFICER, Schultz Nathan J. completed a deal on Dec 04 ’23 to sell 630.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER BROWN ANDREW J sold 16921.0 shares on Nov 27 ’23.
