In the last trading session, 2.08 million Newegg Commerce Inc (NASDAQ:NEGG) shares changed hands as the company’s beta touched 2.18. With the company’s per share price at $0.45 changed hands at $0.01 or 3.75% during last session, the market valuation stood at $173.32M. NEGG’s last price was a discount, traded about -193.33% off its 52-week high of $1.32. The share price had its 52-week low at $0.39, which suggests the last value was 13.33% up since then. When we look at Newegg Commerce Inc’s average trading volume, we note the 10-day average is 1.14 million shares, with the 3-month average coming to 833.33K.
Analysts gave the Newegg Commerce Inc (NEGG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NEGG as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
Newegg Commerce Inc (NASDAQ:NEGG) trade information
Instantly NEGG was in green as seen at the end of in last trading. With action -1.84%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 14.53%, with the 5-day performance at -1.84% in the red. However, in the 30-day time frame, Newegg Commerce Inc (NASDAQ:NEGG) is 7.56% up. Looking at the short shares, we see there were 0.85 million shares sold at short interest cover period of 0.86 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need an upside of 87.14% from its current market value. According to analyst projections, NEGG’s forecast low is 3.5 with 3.5 as the target high. To hit the forecast high, the stock’s price needs a -677.78% plunge from its current level, while the stock would need to soar -677.78% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 47.87%.
NEGG Dividends
Newegg Commerce Inc is expected to release its next quarterly earnings report in March.
Among Mutual Funds, the top two as of Nov 30, 2024 were Fidelity NASDAQ Composite Index ETF and Fidelity NASDAQ Composite Index Fund . With 243.63 shares estimated at $0.11 million under it, the former controlled 0.06% of total outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held about 0.05% of the shares, roughly 208.4 shares worth around $94614.0.
