The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -34.42%.However, over the last six months, we can see a stronger performance of -14.17%. Over the last 30 days, the price of CHGG has leaped by -7.11%. And in the last five days, it has surged by 5.52%.
Chegg Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $18.77 on 04/20/23 and the lowest value was $6.98 on 04/05/24.
52-week price history of CHGG Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Chegg Inc’s current trading price is -60.31% away from its 52-week high, while its distance from the 52-week low is 6.73%. The stock’s price range during this period has varied between$6.98 and $18.77. The Chegg Inc’s shares, which operate in the Consumer Defensive, saw a trading volume of around 1.93 million for the day, a figure considerably lower than their average daily volume of 2.73 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Chegg Inc (CHGG) has experienced a quarterly decline of -31.02% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 766.98M and boasts a workforce of 1979 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.43, with a change in price of -3.04. Similarly, Chegg Inc recorded 2,613,242 in trading volume during the last 100 days, posting a change of -28.98%.
CHGG’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CHGG stands at 0.65. Similarly, the long-term debt-to-equity ratio is also 0.28.
CHGG Stock Stochastic Average
Chegg Inc’s raw stochastic average for the past 50 days is presently 14.20%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 40.17%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 44.47% and 35.50%, respectively.
