In last trading session, Newegg Commerce Inc (NASDAQ:NEGG) saw 0.3 million shares changing hands with its beta currently measuring 1.44. Company’s recent per share price level of $0.59 trading at -$0.01 or -0.94% at ring of the bell on the day assigns it a market valuation of $225.28M. That closing price of NEGG’s stock is at a discount of -264.41% from its 52-week high price of $2.15 and is indicating a premium of 5.08% from its 52-week low price of $0.56. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.64 million shares which gives us an average trading volume of 517.00K 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 -0.94%, in the last five days NEGG remained trading in the green while hitting it’s week-highest on Tuesday, 11/26/24 when the stock touched $0.59 price level, adding 7.81% to its value on the day. Newegg Commerce Inc’s shares saw a change of -53.17% in year-to-date performance and have moved 3.51% in past 5-day. Newegg Commerce Inc (NASDAQ:NEGG) showed a performance of -7.10% in past 30-days. Number of shares sold short was 0.74 million shares which calculate 1.4 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 83.14% 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 -493.22% in reaching the projected high whereas dropping to the targeted low would mean a loss of -493.22% 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.
On the other hand, Fidelity NASDAQ Composite Index Fund and Fidelity NASDAQ Composite Index ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 225.45 shares of worth $0.13 million or 0.06% of the total outstanding shares. The later fund manager was in possession of 240.63 shares on Oct 31, 2024 , making its stake of worth around $0.14 million in the company or a holder of 0.06% of company’s stock.
