Chegg Inc (CHGG) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Chegg Announces 2nd Annual Global Student Mental Health Week Amid Growing Loneliness Epidemic.

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Stocks Info

Chegg Inc is listed on the NYSE in the Consumer Defensive sector while operating in the Education & Training Services industry. The current market capitalization of Chegg Inc is $826.69M. A total of 1.8 million shares were traded on the day, compared to an average of 2.88M shares.

In the most recent transaction, Schultz Nathan J. sold 1,350 shares of CHGG for 10.41 per share on Dec 13 ’23. After the transaction, the CHIEF OPERATING OFFICER now owns 421,025 company shares. In a previous transaction on Dec 04 ’23, Schultz Nathan J. sold 630 shares at 10.13 per share. CHGG shares that CHIEF OPERATING OFFICER owns now total 426,802.

Among the insiders who sold shares, BROWN ANDREW J disposed of 16,921 shares on Nov 27 ’23 at a per-share price of $10.02. This resulted in the CHIEF FINANCIAL OFFICER holding 91,922 shares of CHGG after the transaction. In another insider transaction, Schultz Nathan J. sold 1,547 shares at $10.06 per share on Sep 13 ’23. Company shares held by the CHIEF OPERATING OFFICER now total 429,501.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, CHGG has a high of $18.77 and a low of $7.32.

As of this writing, CHGG has an earnings estimate of $0.25 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.28 per share and a lower estimate of $0.2. The company reported an EPS of $0.18 in the last quarter, which was 5.90% higher than expectations of $0.17.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CHGG’s latest balance sheet shows that the firm has $1.55B in Cash & Short Term Investments as of fiscal 2021. There were $1.70B in debt and $114.34M in liabilities at the time. Its Book Value Per Share was $9.19, while its Total Shareholder’s Equity was $1.11B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CHGG is Buy with a score of 2.80.

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