Chegg Inc [CHGG] stock is trading at $1.56, up 9.09%. 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 6.85% over the last week, with a monthly amount glided 6.12%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Chegg Inc [NYSE: CHGG] stock has seen the most recent analyst activity on January 14, 2025, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $1.25 from $2. Previously, Goldman upgraded its rating to Neutral on August 06, 2024. On July 16, 2024, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $3.25 on the stock. Jefferies downgraded its rating to a Underperform and decreased its price target to $4 on April 30, 2024. Craig Hallum downgraded its rating to a Hold and reduced its price target to $7 on April 30, 2024. In a note dated February 06, 2024, Piper Sandler downgraded an Underweight rating on this stock and revised its target price from $9 to $8.50.
Chegg Inc [CHGG] stock has fluctuated between $1.30 and $9.14 over the past year. Currently, Wall Street analysts expect the stock to reach $2.75 within the next 12 months. Chegg Inc [NYSE: CHGG] shares were valued at $1.56 at the most recent close of the market. An investor can expect a potential return of 76.28% based on the average CHGG price forecast.
Analyzing the CHGG fundamentals
Chegg Inc [NYSE:CHGG] reported sales of 662.08M for the trailing twelve months, which represents a drop of -13.47%. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at -1.19%, Pretax Profit Margin comes in at -1.11%, and Net Profit Margin reading is -1.36%. To continue investigating profitability, this company’s Return on Assets is posted at -0.96, Equity is -1.96 and Total Capital is -2.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.61.
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 1.4133 points at the first support level, and at 1.2667 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6933, and for the 2nd resistance point, it is at 1.8267.
Ratios To Look Out For
For context, Chegg Inc’s Current Ratio is 0.91. Also, the Quick Ratio is 0.91, while the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 0.88.
