Newegg Commerce Inc. (NASDAQ:NEGG) has a beta value of 0.47 and has seen 1.84 million shares traded in the last trading session. The company, currently valued at $656.54M, closed the last trade at $1.79 per share which meant it gained $0.02 on the day or 1.13% during that session. The NEGG stock price is -413.41% off its 52-week high price of $9.19 and 35.2% above the 52-week low of $1.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.0 million shares traded. The 3-month trading volume is 1.90 million shares.
Newegg Commerce Inc. (NASDAQ:NEGG) trade information
Sporting 1.13% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the NEGG stock price touched $1.79 or saw a rise of 17.89%. Year-to-date, Newegg Commerce Inc. shares have moved 36.64%, while the 5-day performance has seen it change -13.53%. Over the past 30 days, the shares of Newegg Commerce Inc. (NASDAQ:NEGG) have changed 31.62%. Short interest in the company has seen 1.89 million shares shorted with days to cover at 6.53.
Wall Street analysts have a consensus price target for the stock at $44.00, which means that the shares’ value could jump 95.93% from current levels. The projected low price target is $44.00 while the price target rests at a high of $44.00. In that case, then, we find that the current price level is -2358.1% off the targeted high while a plunge would see the stock gain -2358.1% from current levels.
Newegg Commerce Inc. (NEGG) estimates and forecasts
The company’s shares have lost -50.14% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 15.00% over the past 5 years.
Newegg Commerce Inc. is expected to release its next earnings report on April 28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Newegg Commerce Inc. (NASDAQ:NEGG)’s Major holders
Insiders own 94.89% of the company shares, while shares held by institutions stand at 0.61% with a share float percentage of 12.00%. Investors are also buoyed by the number of investors in a company, with Newegg Commerce Inc. having a total of 33 institutions that hold shares in the company. The top two institutional holders are Penserra Capital Management LLC with over 0.85 million shares worth more than $1.52 million. As of Sep 29, 2022, Penserra Capital Management LLC held 0.23% of shares outstanding.
The other major institutional holder is Invesco Ltd., with the holding of over 0.52 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $0.93 million and represent 0.14% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Amplify Online Retail ETF and Invesco ETF Tr-Invesco Golden Dragon China ETF. As of Oct 30, 2022, the former fund manager holds about 0.21% shares in the company for having 0.79 million shares of worth $1.41 million while later fund manager owns 0.47 million shares of worth $0.83 million as of Dec 30, 2022, which makes it owner of about 0.12% of company’s outstanding stock.