Chegg Inc

Company Profile

Chegg Inc had its IPO on 2013-11-13 under the ticker symbol CHGG.

The company operates in the Consumer Defensive sector and Education & Training Services industry. Chegg Inc has a staff strength of 3,073 employees.

Stock update

Shares of Chegg Inc opened at $10.36 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $10.06 - $10.42, and closed at $10.06.

This is a -3.27% slip from the previous day's closing price.

A total volume of 1,190,513 shares were traded at the close of the day’s session.

In the last one week, shares of Chegg Inc have slipped by -5.45%.

Chegg Inc's Key Ratios

Chegg Inc has a market cap of $1.13 billion, indicating a price to book ratio of 3.4447 and a price to sales ratio of 4.5057.

In the last 12-months Chegg Inc’s revenue was $752.25 million with a gross profit of $569.50 million and an EBITDA of $100.30 million. The EBITDA ratio measures Chegg Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Chegg Inc’s operating margin was 0.66% while its return on assets stood at 0.12% with a return of equity of 28.99%.

In Q1, Chegg Inc’s quarterly earnings growth was a negative -55.8% while revenue growth was a negative 7.2%.

Chegg Inc’s PE and PEG Ratio

Forward PE

19.802

Trailing PE

6.7234

PEG

0.9907

Its diluted EPS in the last 12-months stands at $1.41 per share while it has a forward price to earnings multiple of 19.802 and a PEG multiple of 0.9907. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Chegg Inc’s profitability.

Chegg Inc stock is trading at a EV to sales ratio of 5.0237 and a EV to EBITDA ratio of 17.6752. Its price to sales ratio in the trailing 12-months stood at 4.5057.

Chegg Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$2.36 billion

Total Liabilities

$139.65 million

Operating Cash Flow

$-106779000.00

Capital Expenditure

$17.17 million

Dividend Payout Ratio

0%

Chegg Inc ended 2024 with $2.36 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.36 billion while shareholder equity stood at $1.01 billion.

Chegg Inc ended 2024 with $0 in deferred long-term liabilities, $139.65 million in other current liabilities, 120000.00 in common stock, $-68367000.00 in retained earnings and $622.68 million in goodwill. Its cash balance stood at $281.30 million and cash and short-term investments were $559.17 million. The company’s total short-term debt was $0 while long-term debt stood at $1.19 billion.

Chegg Inc’s total current assets stands at $637.48 million while long-term investments were $613.86 million and short-term investments were $277.86 million. Its net receivables were $22.00 million compared to accounts payable of $13.06 million and inventory worth $0.

In 2024, Chegg Inc's operating cash flow was $-106779000.00 while its capital expenditure stood at $17.17 million.

Comparatively, Chegg Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$10.06

52-Week High

$30.05

52-Week Low

$8.72

Analyst Target Price

$14.95

Chegg Inc stock is currently trading at $10.06 per share. It touched a 52-week high of $30.05 and a 52-week low of $30.05. Analysts tracking the stock have a 12-month average target price of $14.95.

Its 50-day moving average was $9.87 and 200-day moving average was $15.61 The short ratio stood at 1.16 indicating a short percent outstanding of 0%.

Around 247.4% of the company’s stock are held by insiders while 10045.1% are held by institutions.