Chegg Inc [CHGG] stock prices are up 3.03% to $0.64 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 25.98% over the last week, with a monthly amount drifted -1.00%, 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.
The stock price of Chegg Inc [CHGG] has been fluctuating between $0.44 and $7.22 over the past year. Currently, Wall Street analysts expect the stock to reach $1.5 within the next 12 months. Chegg Inc [NYSE: CHGG] shares were valued at $0.64 at the most recent close of the market. An investor can expect a potential return of 134.38% based on the average CHGG price forecast.
Analyzing the CHGG fundamentals
The Chegg Inc [NYSE:CHGG] reported sales of 617.57M for trailing twelve months, representing a drop of -23.67%. 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 0.6222 points at the first support level, and at 0.6018 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6529, and for the 2nd resistance point, it is at 0.6632.
Ratios To Look Out For
It’s worth pointing out that Chegg Inc [NYSE:CHGG]’s Current Ratio is 0.83. Further, the Quick Ratio stands at 0.83, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 0.11, the price to book ratio is 0.35.
