At the time of writing, Chegg Inc [CHGG] stock is trading at $1.77, saw in change for the day. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CHGG shares have gain 7.93% over the last week, with a monthly amount drifted -19.18%, 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 August 06, 2024, when Goldman upgraded its rating to a Neutral. Previously, Morgan Stanley upgraded its rating to Equal-Weight on July 16, 2024, and dropped its price target to $3.25. On April 30, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $4 on the stock. Craig Hallum downgraded its rating to a Hold and decreased its price target to $7 on April 30, 2024. Piper Sandler downgraded its rating to Underweight for this stock on February 06, 2024, and downed its price target to $8.50. In a note dated January 19, 2024, Goldman downgraded an Sell rating on this stock and revised its target price from $10 to $8.
For the past year, the stock price of Chegg Inc fluctuated between $1.63 and $11.48. Currently, Wall Street analysts expect the stock to reach $31.88 within the next 12 months. Chegg Inc [NYSE: CHGG] shares were valued at $1.77 at the most recent close of the market. An investor can expect a potential return of 1701.13% based on the average CHGG price forecast.
Analyzing the CHGG fundamentals
According to Chegg Inc [NYSE:CHGG], the company’s sales were 683.34M for trailing twelve months, which represents an -10.78% plunge. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.69%, and Net Profit Margin reading is -0.92%. To continue investigating profitability, this company’s Return on Assets is posted at -0.56, Equity is -0.76 and Total Capital is -0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.64.
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 1.7370 points at the first support level, and at 1.7040 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8265, and for the 2nd resistance point, it is at 1.8830.
Ratios To Look Out For
It is important to note that Chegg Inc [NYSE:CHGG] has a current ratio of 0.89. Also, the Quick Ratio is 0.89, while the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 0.27, the price to book ratio is 0.50.
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.
