During the last session, Newegg Commerce Inc. (NASDAQ:NEGG)’s traded shares were 1.51 million, with the beta value of the company hitting 0.24. At the end of the trading day, the stock’s price was $3.98, reflecting an intraday gain of 11.48% or $0.41. The 52-week high for the NEGG share is $24.04, that puts it down -504.02 from that peak though still a striking 20.85% gain since the share price plummeted to a 52-week low of $3.15. The company’s market capitalization is $1.44B, and the average intraday trading volume over the past 10 days was 0.52 million shares, and the average trade volume was 589.88K shares over the past three months.
Newegg Commerce Inc. (NASDAQ:NEGG) trade information
Newegg Commerce Inc. (NEGG) registered a 11.48% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 11.48% in intraday trading to $3.98 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 17.40%, and it has moved by 8.45% in 30 days. Based on these gigs, the overall price performance for the year is -76.04%. The short interest in Newegg Commerce Inc. (NASDAQ:NEGG) is 2.05 million shares and it means that shorts have 4.24 day(s) to cover.
The consensus price target of analysts on Wall Street is $44.00, which implies an increase of 90.95% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $44.00 and $44.00 respectively. As a result, NEGG is trading at a discount of -1005.53% off the target high and -1005.53% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.00%. While earnings are projected to return 108.80% in 2022.
Newegg Commerce Inc. is due to release its next quarterly earnings between March 31 and April 04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Newegg Commerce Inc. (NASDAQ:NEGG)’s Major holders
Newegg Commerce Inc. insiders own 96.26% of total outstanding shares while institutional holders control 0.61%, with the float percentage being 16.40%. Penserra Capital Management LLC is the largest shareholder of the company, while 34 institutions own stock in it. As of Mar 30, 2022, the company held over 0.85 million shares (or 0.23% of all shares), a total value of $5.36 million in shares.
The next largest institutional holding, with 0.45 million shares, is of Invesco Ltd.’s that is approximately 0.12% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $2.86 million.
Also, the Mutual Funds coming in first place with the largest holdings of Newegg Commerce Inc. (NEGG) shares are Amplify Online Retail ETF and Invesco ETF Tr-Invesco Golden Dragon China ETF. Data provided on Apr 29, 2022 indicates that Amplify Online Retail ETF owns about 0.82 million shares. This amounts to just over 0.22 percent of the company’s overall shares, with a $5.26 million market value. The same data shows that the other fund manager holds slightly less at 0.53 million, or about 0.14% of the stock, which is worth about $1.94 million.