Chegg Inc. (NYSE:CHGG) finished Friday with a subtraction of -$0.26 to close at $25.27, a downside of -1.02 percent. An average of 847,180 shares of common stock have been traded in the last five days. There was a fall of -$0.79 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 1,113,925 shares traded, while the 50-day average volume stands at 1,486,718.
CHGG stock has decreased by -15.32% in the last month. The company shares reached their 1-month lowest point of $25.04 on 12/30/22. With the stock rallying to its 52-week high on 04/05/22, shares of the company touched a low of $15.66 and a high of $37.64 in 52 weeks. It has reached a new high 14 times so far this year and lost -17.69% or -$5.43 in price. In spite of this, the price is down -32.86% from the 52-week high.
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CHGG stock investors should be aware that Chegg Inc. (CHGG) stock had its last reported insider trading activity 46 days ago on Nov 15.
Chegg Inc. (CHGG) has a trailing price-to-earnings (P/E) ratio of 12.82. The stock’s beta is 1.10. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.13, the price-to-book (PB) ratio at 3.04, and the price-to-cash flow ratio at 13.10.
The quick ratio of Chegg Inc. for the three months ended September 29 was 7.20, and the current ratio was 7.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.13 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $521.36 million compared to revenue of $776.26 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Chegg Inc.’s return on assets was 10.90%.
For the three-month period that ended September 29, Chegg Inc. had $871.41 million in cash and short-term investments compared to $1.19 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $251.56 million in the quarter, while revenues of $7.48 million were grew 86.98%. The analyst consensus anticipated Chegg Inc.’s latest quarter earnings to come in at $0.14 per share, but it turned out to be $0.21, a 50.00% surprise. For the quarter, EBITDA amounted to $15.65 million. Shareholders own equity worth $125.48 million.
From a technical analysis perspective, let’s take a brief look at Chegg Inc. (CHGG) price momentum. RSI 9-day as of the close on 30 December was 30.46%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.01%.
As of today, CHGG’s price is $25.49 -3.03% or -$0.79 from its 5-day moving average. CHGG is currently trading -14.60% lower than its 20-day SMA and +17.21% higher than its 100-day SMA. However, the stock’s current price level is +19.71% above the SMA50 and -20.58% below the SMA200.
The stochastic %K and %D were 5.20% and 5.18%, respectively, and the average true range (ATR) was 0.83. With the 14-day stochastic at 5.82% and the average true range at 0.92, the RSI (14) stands at 38.25%. The stock has reached -0.69 on the 9-day MACD Oscillator while the 14-day reading was at -1.37.
Needham upgraded Chegg Inc. (NYSE: CHGG) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.