(USD) | Mar 2024 | Q/Q |
---|---|---|
Revenue | 174.3MM | -7% |
Gross Profit | 127.9MM | -10% |
Cost Of Revenue | 46.5MM | +2% |
Operating Income | -2.5MM | -119% |
Operating Expenses | 130.3MM | +1% |
Net Income | -1.4MM | -115% |
R&D | 44.4MM | -3% |
G&A | 55.5MM | +4% |
Marketing | 30.4MM | +2% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Investors need to pay close attention to Chegg (CHGG) stock based on the movements in the options market lately.
More often than not, investors should be careful about going against the wisdom of analyst assessments. These folks didn’t get to where they are by happenstance. No, they had to establish a strong track record of success. That they are intelligent goes with the territory. However, sometimes even the experts get things wrong and thus provide the framework for contrarian stocks. To be clear, you’re dealing with a high-risk, high-reward endeavor. While it may be sexy to bet against the crowd, group
SANTA CLARA, Calif., July 16, 2024--Chegg, Inc. (NYSE:CHGG), a leading student-first connected learning platform, today announced that on July 12, 2024, its Compensation Committee granted equity awards pursuant to the Chegg 2023 Equity Inducement Plan.
Chegg to See 'Solid' Free Cash Flow Generation Ahead, Says Morgan Stanley
Shares of online study and academic help platform Chegg (NYSE:CHGG) jumped 18% in the morning session after Morgan Stanley analyst upgraded the stock from Underweight (Sell) to Equal Weight (Hold). The analyst believes the company has a reasonable potential to deliver "solid free cash flow generation" given a 2x EBITDA multiple, which is considered "a more balanced risk/reward ratio."
Even though the stock is surging today, Chegg's share price is still down 68% this year.
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