Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Chegg Inc’s current trading price is -81.49% away from its 52-week high, while its distance from the 52-week low is 58.57%. The stock’s price range over this period has fluctuated between $1.34 and $11.48. The company, operating within the financial sector, had a trading volume of approximately 2.17 million for the day, which was noticeably lower than the average daily share volume of 3.96 million over the last 3 months.
Chegg Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $11.48 on 12/28/23 and the lowest value was $1.34 on 11/13/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Chegg Inc (CHGG) has experienced a quarterly decline of -1.62% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 221.66M and boasts a workforce of 1979 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.11, with a change in price of -0.53. Similarly, Chegg Inc recorded 3,983,648 in trading volume during the last 100 days, posting a change of -19.52%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CHGG stands at 3.38. Similarly, the long-term debt-to-equity ratio is also 1.44.
CHGG Stock Stochastic Average
Today, Chegg Inc’s raw stochastic average for the past 50 days stands at 80.88%, indicating a rise from the raw stochastic average of the last 20 days, which was 80.88%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 89.70% and 90.90% respectively.
CHGG Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant loss of -81.29% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -44.52%. Over the past 30 days, the price of CHGG has fallen by 28.01%. And in the last five days, it has surged by 18.06%.
