Is Chegg Inc (NYSE: CHGG) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Education & Training Services industry segment, falling under the Consumer Defensive sector. The current market capitalization of Chegg Inc is $188.68M. A total of 3.86 million shares were traded on the day, compared to an average of 3.81M shares.

In the most recent transaction, Schultz Nathan J. sold 1,350 shares of CHGG for 10.41 per share on Dec 13 ’23. After the transaction, the CHIEF OPERATING OFFICER now owns 421,025 company shares. In a previous transaction on Dec 04 ’23, Schultz Nathan J. sold 630 shares at 10.13 per share. CHGG shares that CHIEF OPERATING OFFICER owns now total 426,802.

Among the insiders who sold shares, BROWN ANDREW J disposed of 16,921 shares on Nov 27 ’23 at a per-share price of $10.02. This resulted in the CHIEF FINANCIAL OFFICER holding 91,922 shares of CHGG after the transaction.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CHGG has a high of $11.48 and a low of $1.63.

As of this writing, CHGG has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 14.0 estimates, with a high estimate of $0.12 per share and a lower estimate of $0.04. The company reported an EPS of $0.18 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CHGG’s latest balance sheet shows that the firm has $1.55B in Cash & Short Term Investments as of fiscal 2021. There were $1.70B in debt and $114.34M in liabilities at the time. Its Book Value Per Share was $3.54, while its Total Shareholder’s Equity was $1.11B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CHGG is Buy with a score of 2.79.

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