Now Is A Good Time To Buy Newegg Commerce Inc (NASDAQ: NEGG)

During the last session, Newegg Commerce Inc (NASDAQ:NEGG)’s traded shares were 0.72 million, with the beta value of the company hitting 1.85. At the end of the trading day, the stock’s price was $0.47, reflecting an intraday gain of 5.17% or $0.02. The 52-week high for the NEGG share is $1.32, that puts it down -180.85 from that peak though still a striking 17.02% gain since the share price plummeted to a 52-week low of $0.39. The company’s market capitalization is $179.43M, and the average intraday trading volume over the past 10 days was 0.61 million shares, and the average trade volume was 831.98K shares over the past three months.

Newegg Commerce Inc (NEGG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. NEGG has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.

Newegg Commerce Inc (NASDAQ:NEGG) trade information

Newegg Commerce Inc (NEGG) registered a 5.17% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.17% in intraday trading to $0.47, hitting a weekly high. The stock’s 5-day price performance is 6.12%, and it has moved by 9.79% in 30 days. Based on these gigs, the overall price performance for the year is -48.77%. The short interest in Newegg Commerce Inc (NASDAQ:NEGG) is 0.85 million shares and it means that shorts have 0.78 day(s) to cover.

The consensus price target of analysts on Wall Street is $3.5, which implies an increase of 86.57% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $3.5 respectively. As a result, NEGG is trading at a discount of -644.68% off the target high and -644.68% off the low.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 47.87%.

NEGG Dividends

Newegg Commerce Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Also, the Mutual Funds coming in first place with the largest holdings of Newegg Commerce Inc (NEGG) shares are Fidelity NASDAQ Composite Index ETF and Fidelity NASDAQ Composite Index Fund . Data provided on Dec 31, 2024 indicates that Fidelity NASDAQ Composite Index ETF owns about 248.13 shares. This amounts to just over 0.07 percent of the company’s overall shares, with a $0.12 million market value. The same data shows that the other fund manager holds slightly less at 191.75, or about 0.05% of the stock, which is worth about $90122.0.