An Evaluation Of Chegg Inc (NYSE: CHGG) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

CHGG belongs to the Consumer Defensive sector of the NYSE while operating in the Education & Training Services industry. The current market capitalization of Chegg Inc is $172.15M. A total of 3.12 million shares were traded on the day, compared to an average of 3.92M 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CHGG has a high of $11.48 and a low of $1.48.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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

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. 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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