Are Things Looking Up 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.

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Stocks Info

The company is listed on the NYSE and operates within the Education & Training Services industry segment. The current market capitalization of Chegg Inc is $736.09M. A total of 1.49 million shares were traded on the day, compared to an average of 2.73M 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in 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 $Chegg, Inc. per share for the current quarter. EPS was calculated based on a consensus of CHRG estimates, with a high estimate of $The Energy & Minerals Group EV, per share and a lower estimate of $Chemung Financial Corp.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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