The market performance of Chegg Inc’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $11.48 on 12/28/23, while the lowest value for the same duration was $1.78 on 09/10/24.
52-week price history of CHGG Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Chegg Inc’s current trading price is -83.28% away from its 52-week high, while its distance from the 52-week low is 7.87%. The stock’s price range during the 52-week period has remained between $1.78 and $11.48. In the Consumer Defensive sector, the company’s shares saw a trading volume of around 3.26 million for the day, which was evidently lower than the average daily volume of 4.28 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Chegg Inc (CHGG) has experienced a quarterly decline of -46.67% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 199.05M and boasts a workforce of 1979 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.4673, with a change in price of -5.1100. Similarly, Chegg Inc recorded 4,140,536 in trading volume during the last 100 days, posting a change of -72.69%.
Examining CHGG’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for CHGG stands at 1.69. Similarly, the long-term debt-to-equity ratio is also 0.71.
CHGG Stock Stochastic Average
Chegg Inc’s raw stochastic average for the past 50 days is presently 6.90%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 25.45%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 16.36% and 12.93%, respectively.
CHGG Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -83.10%.However, over the last six months, we can see a stronger performance of -76.06%. Over the last 30 days, the price of CHGG has leaped by -6.34%. And in the last five days, it has fallen by -7.69%.
