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Newegg Commerce Inc. (NASDAQ:NEGG) Has Already Recovered 15.82%, But Another -1154.24% Drop Cannot Be Ruled Out.

In last trading session, Newegg Commerce Inc. (NASDAQ:NEGG) saw 0.38 million shares changing hands with its beta currently measuring 0.39. Company’s recent per share price level of $1.77 trading at $0.11 or 6.63% at ring of the bell on the day assigns it a market valuation of $686.53M. That closing price of NEGG’s stock is at a discount of -1154.24% from its 52-week high price of $22.20 and is indicating a premium of 15.82% from its 52-week low price of $1.49. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.42 million shares which gives us an average trading volume of 504.73K if we extend that period to 3-months.

For Newegg Commerce Inc. (NEGG), analysts’ consensus is at an average recommendation of an Overweight. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.

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Newegg Commerce Inc. (NASDAQ:NEGG) trade information

Upright in the green during last session for gaining 6.63%, in the last five days NEGG remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $1.77 price level, adding 9.69% to its value on the day. Newegg Commerce Inc.’s shares saw a change of -82.93% in year-to-date performance and have moved -9.69% in past 5-day. Newegg Commerce Inc. (NASDAQ:NEGG) showed a performance of -21.68% in past 30-days. Number of shares sold short was 2.83 million shares which calculate 7.23 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $44.00 to the stock, which implies a rise of 95.98% to its current value. Analysts have been projecting $44.00 as a low price target for the stock while placing it at a high target of $44.00. It follows that stock’s current price would drop -2385.88% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2385.88% for stock’s current value.

Newegg Commerce Inc. (NEGG) estimates and forecasts

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 15.00% during past 5 years.

NEGG Dividends

Newegg Commerce Inc. is more likely to be releasing its next quarterly report between March 31 and April 04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Newegg Commerce Inc. (NASDAQ:NEGG)’s Major holders

Insiders are in possession of 95.36% of company’s total shares while institution are holding 0.61 percent of that, with stock having share float percentage of 13.18%. Investors also watch the number of corporate investors in a company very closely, which is 0.61% institutions for Newegg Commerce Inc. that are currently holding shares of the company. Penserra Capital Management LLC is the top institutional holder at NEGG for having 0.92 million shares of worth $3.37 million. And as of Jun 29, 2022, it was holding 0.24% of the company’s outstanding shares.

The second largest institutional holder is Invesco Ltd., which was holding about 0.53 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 0.14% of outstanding shares, having a total worth of $1.94 million.

On the other hand, Amplify Online Retail ETF and Invesco ETF Tr-Invesco Golden Dragon China ETF are the top two Mutual Funds which own company’s shares. As of Jul 30, 2022, the former fund manager was holding 0.86 million shares of worth $2.96 million or 0.23% of the total outstanding shares. The later fund manager was in possession of 0.52 million shares on Sep 29, 2022, making its stake of worth around $1.21 million in the company or a holder of 0.14% of company’s stock.

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