Chegg Inc [CHGG] stock prices are up 6.88% to $1.71 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 12.50% over the last week, with a monthly amount drifted -3.39%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
The stock price of Chegg Inc [CHGG] has been fluctuating between $1.48 and $11.48 over the past year. Currently, Wall Street analysts expect the stock to reach $30.45 within the next 12 months. Chegg Inc [NYSE: CHGG] shares were valued at $1.71 at the most recent close of the market. An investor can expect a potential return of 1680.7% based on the average CHGG price forecast.
Analyzing the CHGG fundamentals
The Chegg Inc [NYSE:CHGG] reported sales of 683.34M for trailing twelve months, representing a drop of -10.78%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.64.
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 1.6283 points at the first support level, and at 1.5467 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7533, and for the 2nd resistance point, it is at 1.7967.
Ratios To Look Out For
It’s worth pointing out that Chegg Inc [NYSE:CHGG]’s Current Ratio is 0.89. Further, the Quick Ratio stands at 0.89, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 0.26, the price to book ratio is 0.48.
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.
