Chegg receives NYSE non-compliance notice as shares fall below $1
Chegg, Inc. (NYSE:CHGG) has received a notice from the NYSE because its average closing share price fell below $1.00 for 30 consecutive trading days. The education technology company has a six-month cure period to regain compliance, with options including a possible reverse stock split. Despite the stock performance, InvestingPro analysis suggests Chegg is undervalued with strong gross profit margins and a healthy balance sheet.
https://www.investing.com/news/company-news/chegg-receives-nyse-noncompliance-notice-as-shares-fall-below-1-93CH-4409218