Chegg Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $11.48 on 12/28/23, while the lowest value for the same period was recorded at $1.34 on 11/13/24.
52-week price history of CHGG Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Chegg Inc’s current trading price is -82.84% away from its 52-week high, while its distance from the 52-week low is 47.00%. The stock’s price range during this period has spanned from $1.34 to $11.48. In the Consumer Defensive sector, the Chegg Inc’s shares surpassed a trading volume of approximately 2.83 million for the day, which was noticeably lower compared to the average daily volume of 9.4.18 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 rise of 7.07% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 205.48M 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 1.98, with a change in price of -1.47. Similarly, Chegg Inc recorded 4,032,738 in trading volume during the last 100 days, posting a change of -42.73%.
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 3.38. Similarly, the long-term debt-to-equity ratio is also 1.44.
CHGG Stock Stochastic Average
Today’s raw stochastic average for Chegg Inc over the last 50 days is 45.48%.This indicates a increase from the raw stochastic average of the past 20 days, which was 31.80%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 48.96% and 54.16%, respectively.
CHGG Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -82.66%.However, over the last six months, we can see a stronger performance of -30.14%. Over the last 30 days, the price of CHGG has fallen by 13.87%. And in the last five days, it has fallen by -14.35%.
