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 -84.72% away from its 52-week high, while its distance from the 52-week low is 11.19%. The stock’s price range over this period has fluctuated between $1.34 and $9.75. The company, operating within the financial sector, had a trading volume of approximately 6.77 million for the day, which was noticeably higher than the average daily share volume of 3.6 million over the last 3 months.
Chegg Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $9.75 on 02/06/24, while the lowest price for the same period was registered at $1.34 on 11/13/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Chegg Inc (CHGG) has experienced a quarterly decline of -8.59% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 155.42M 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 1.7708, with a change in price of -0.4300. Similarly, Chegg Inc recorded 3,732,108 in trading volume during the last 100 days, posting a change of -22.40%.
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’s raw stochastic average for Chegg Inc over the last 50 days is 6.08%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 17.39%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 13.77% and 16.61%, 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 -7.45%.However, over the last six months, we can see a stronger performance of -49.15%. Over the last 30 days, the price of CHGG has leaped by -9.70%. And in the last five days, it has fallen by -13.87%.
