In the latest trading session, 0.48 million Newegg Commerce Inc (NASDAQ:NEGG) shares changed hands as the company’s beta touched 1.84. With the company’s most recent per share price at $0.43 changed hands at -$0.02 or -5.59% at last look, the market valuation stands at $163.01M. NEGG’s current price is a discount, trading about -206.98% 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 9.3% up since then.
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 red as seen in intraday trades today. With action -9.15%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 7.72%, with the 5-day performance at -9.15% in the red. However, in the 30-day time frame, Newegg Commerce Inc (NASDAQ:NEGG) is -11.32% down.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need an upside of 87.71% from its recent 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 -713.95% plunge from its current level, while the stock would need to soar -713.95% for it to hit the projected low.
Newegg Commerce Inc (NASDAQ:NEGG)’s Major holders
Among Mutual Funds, the top two as of Dec 31, 2024 were Fidelity Nasdaq Composite Index ETF and Fidelity NASDAQ Composite Index Fund. With 248.13 shares estimated at $0.11 million under it, the former controlled 0.07% of total outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held about 0.05% of the shares, roughly 191.75 shares worth around $81435.0.
