During the last session, Newegg Commerce Inc (NASDAQ:NEGG)’s traded shares were 0.72 million, with the beta value of the company hitting 1.84. At the end of the trading day, the stock’s price was $0.28, reflecting an intraday gain of 4.67% or $0.01. The 52-week high for the NEGG share is $1.32, that puts it down -371.43 from that peak though still a striking 14.29% gain since the share price plummeted to a 52-week low of $0.24. The company’s market capitalization is $106.20M, and the average intraday trading volume over the past 10 days was 0.61 million shares, and the average trade volume was 899.63K 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.
Newegg Commerce Inc (NASDAQ:NEGG) trade information
Newegg Commerce Inc (NEGG) registered a 4.67% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.67% in intraday trading to $0.28, hitting a weekly high. The stock’s 5-day price performance is -8.46%, and it has moved by -30.92% in 30 days. Based on these gigs, the overall price performance for the year is -69.76%. The short interest in Newegg Commerce Inc (NASDAQ:NEGG) is 1.36 million shares and it means that shorts have 1.33 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.5, which implies an increase of 92.0% 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 -1150.0% off the target high and -1150.0% 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 on 2023-Aug-28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Newegg Commerce Inc (NASDAQ:NEGG)’s Major holders
Newegg Commerce Inc insiders own 91.14% of total outstanding shares while institutional holders control 0.38%, with the float percentage being 4.28%.
Also, the Mutual Funds coming in first place with the largest holdings of Newegg Commerce Inc (NEGG) shares are Fidelity Commonwealth Trust-Fidelity Nasdaq Composite Index ETF and Fidelity Concord Street Trust-Fidelity Nasdaq Composite Index Fund . Data provided on Feb 28, 2025 indicates that Fidelity Commonwealth Trust-Fidelity Nasdaq Composite Index ETF owns about 250.38 shares. This amounts to just over 0.07 percent of the company’s overall shares, with a $69656.0 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 $53344.0.
