At the time of writing, Chegg Inc [CHGG] stock is trading at $0.51, up 1.43%. An important factor to consider is whether the stock is rising or falling in short-term value. The CHGG shares have gain 10.34% over the last week, with a monthly amount drifted -31.43%, and not 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 April 08, 2025, when JP Morgan downgraded its rating to a Underweight. Previously, Morgan Stanley downgraded its rating to Underweight on January 14, 2025, and dropped its price target to $1.25. On August 06, 2024, upgrade upgraded it’s rating to Neutral. Morgan Stanley upgraded its rating to a Equal-Weight and decreased its price target to $3.25 on July 16, 2024. Jefferies downgraded its rating to a Underperform and reduced its price target to $4 on April 30, 2024. Craig Hallum downgraded its rating to Hold for this stock on April 30, 2024, and downed its price target to $7.
For the past year, the stock price of Chegg Inc fluctuated between $0.44 and $7.26. Currently, Wall Street analysts expect the stock to reach $2.75 within the next 12 months. Chegg Inc [NYSE: CHGG] shares were valued at $0.51 at the most recent close of the market. An investor can expect a potential return of 439.22% based on the average CHGG price forecast.
Analyzing the CHGG fundamentals
According to Chegg Inc [NYSE:CHGG], the company’s sales were 617.57M for trailing twelve months, which represents an -23.67% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.61.
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 0.4901 points at the first support level, and at 0.4703 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.5297, and for the 2nd resistance point, it is at 0.5495.
Ratios To Look Out For
It is important to note that Chegg Inc [NYSE:CHGG] has a current ratio of 0.83. On the other hand, the Quick Ratio is 0.83, and the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 0.09, the price to book ratio is 0.28.
