A Great Bargain Stock You Could Consider Is Newegg Commerce Inc (NEGG)

Newegg Commerce Inc (NASDAQ:NEGG) has a beta value of 1.48 and has seen 0.59 million shares traded in the recent trading session. The company, currently valued at $182.37M, closed the recent trade at $0.48 per share which meant it lost -$0.01 on the day or -2.43% during that session. The NEGG stock price is -202.08% off its 52-week high price of $1.45 and 0.0% above the 52-week low of $0.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.87 million shares traded. The 3-month trading volume is 607.33K shares.

The consensus among analysts is that Newegg Commerce Inc (NEGG) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

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Newegg Commerce Inc (NASDAQ:NEGG) trade information

Sporting -2.43% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NEGG stock price touched $0.48 or saw a rise of 20.0%. Year-to-date, Newegg Commerce Inc shares have moved -62.09%, while the 5-day performance has seen it change -20.33%. Over the past 30 days, the shares of Newegg Commerce Inc (NASDAQ:NEGG) have changed -23.88%. Short interest in the company has seen 0.89 million shares shorted with days to cover at 1.51.

Wall Street analysts have a consensus price target for the stock at $3.5, which means that the shares’ value could jump 86.29% from the levels at last check today. The projected low price target is $3.5 while the price target rests at a high of $3.5. In that case, then, we find that the latest price level in today’s session is -629.17% off the targeted high while a plunge would see the stock gain -629.17% from the levels at last check today.

Newegg Commerce Inc (NEGG) estimates and forecasts

The company’s shares have lost -44.50% 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 47.87% over the past 5 years.

NEGG Dividends

Newegg Commerce Inc is expected to release its next earnings report in January 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

Also the top two Mutual Funds that are holding company’s shares are Fidelity NASDAQ Composite Index ETF and Fidelity NASDAQ Composite Index Fund. As of Oct 31, 2024, the former fund manager holds about 0.06% shares in the company for having 240.63 shares of worth $0.12 million while later fund manager owns 208.4 shares of worth $99845.0 as of Oct 31, 2024, which makes it owner of about 0.05% of company’s outstanding stock.