For Risk-Tolerant Investors, Newegg Commerce Inc (NASDAQ: NEGG) Is Worth A Shot

Newegg Commerce Inc (NASDAQ:NEGG)’s traded shares stood at 0.31 million during the last session, with the company’s beta value hitting 1.41. At the close of trading, the stock’s price was $0.70, to imply an increase of 2.69% or $0.02 in intraday trading. The NEGG share’s 52-week high remains $2.15, putting it -207.14% down since that peak but still an impressive 25.71% since price per share fell to its 52-week low of $0.52. The company has a valuation of $268.42M, with an average of 0.4 million shares in intraday trading volume over the past 10 days and average of 887.68K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Newegg Commerce Inc (NEGG), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give NEGG a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.

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Newegg Commerce Inc (NASDAQ:NEGG) trade information

After registering a 2.69% upside in the last session, Newegg Commerce Inc (NEGG) has traded red over the past five days. The 5-day price performance for the stock is -7.10%, and -9.86% over 30 days. With these gigs, the year-to-date price performance is -44.20%. Short interest in Newegg Commerce Inc (NASDAQ:NEGG) saw shorts transact 1.34 million shares and set a 4.12 days time to cover.

The extremes give us $3.5 and $3.5 for target low and target high price respectively. As such, NEGG has been trading -400.0% off suggested target high and -400.0% from its likely low.

NEGG Dividends

Newegg Commerce Inc has its next earnings report out on 2024-Aug-28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.