Newegg Commerce Inc (NASDAQ:NEGG) Has Already Recovered 31.58%, But Another -182.89% Drop Cannot Be Ruled Out.

In last trading session, Newegg Commerce Inc (NASDAQ:NEGG) saw 0.4 million shares changing hands with its beta currently measuring 1.39. Company’s recent per share price level of $0.76 trading at $0.0 or -1.07% at ring of the bell on the day assigns it a market valuation of $288.92M. That closing price of NEGG’s stock is at a discount of -182.89% from its 52-week high price of $2.15 and is indicating a premium of 31.58% from its 52-week low price of $0.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.82 million shares which gives us an average trading volume of 901.88K if we extend that period to 3-months.

For Newegg Commerce Inc (NEGG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 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 red during last session for losing -1.07%, in the last five days NEGG remained trading in the red while hitting it’s week-highest on Thursday, 09/26/24 when the stock touched $0.76 price level, adding 3.54% to its value on the day. Newegg Commerce Inc’s shares saw a change of -39.94% in year-to-date performance and have moved -1.46% in past 5-day. Newegg Commerce Inc (NASDAQ:NEGG) showed a performance of -1.07% in past 30-days. Number of shares sold short was 1.34 million shares which calculate 4.12 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3.5 to the stock, which implies a rise of 78.29% to its current value. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 3.5. It follows that stock’s current price would drop -360.53% in reaching the projected high whereas dropping to the targeted low would mean a loss of -360.53% for stock’s current value.

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 47.87% during past 5 years.