It’s Not Over Yet For Chegg Inc (NYSE: CHGG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Chegg to Announce First Quarter 2024 Financial Results.

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Stocks Info

Chegg Inc is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Education & Training Services industry. The current market capitalization of Chegg Inc is $772.12M. A total of 2.39 million shares were traded on the day, compared to an average of 2.72M 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, CHGG has a high of $18.77 and a low of $6.98.

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 13 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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

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. 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 2.79.

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