Newegg Commerce Inc. (NASDAQ:NEGG) shares traded unchanged at $1.39 on Wall Street last session.
NEGG stock price is now -13.45% away from the 50-day moving average and -46.26% away from the 200-day moving average. The market capitalization of the company currently stands at $517.75M.
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With the price target of $3.50, Noble Capital Markets recently initiated with Outperform rating for Newegg Commerce Inc. (NASDAQ: NEGG).
A total of 52.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NEGG stock. A new stake in Newegg Commerce Inc. shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $518,000. D. E. SHAW & CO., INC. invested $46,000 in shares of NEGG during the first quarter. In the first quarter, JEFFERIES FINANCIAL GROUP INC. acquired a new stake in Newegg Commerce Inc. valued at approximately $42,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in NEGG for approximately $28,000. JPMORGAN CHASE & CO purchased a new stake in NEGG valued at around $8,000 in the second quarter. In total, there are 32 active investors with 0.60% ownership of the company’s stock.
Newegg Commerce Inc. (NASDAQ: NEGG) opened at $1.3400 on Wednesday. During the past 12 months, Newegg Commerce Inc. has had a low of $1.16 and a high of $9.19. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 1.30, and a quick ratio of 0.70. The fifty day moving average price for NEGG is $1.6076 and a two-hundred day moving average price translates $2.5713 for the stock.
The latest earnings results from Newegg Commerce Inc. (NASDAQ: NEGG) was released for Sep, 2022. The net profit margin was -1.10% and return on equity was -12.00% for NEGG. For the current quarter, analysts expect NEGG to generate $439.2M in revenue.
Newegg Commerce Inc.(NEGG) Company Profile
Newegg Commerce, Inc. operates as an electronics-focused e-retailer in North America. The company offers desktops, laptops, gaming laptops, peripherals, and accessories; CPU/processors, graphic cards, motherboards, storage devices, and computer accessories; home video, home audio, headphones, pro audio/video, cellphones, wearables, and digital cameras; Xbox, Playstation, legacy gaming, and gaming titles; and home networking, commercial networking, server and components, and smart home products. It also provides display and printing, office technology furniture, office supplies, and mailing and inventory supplies; software, digital downloads, warranty and services, 3rd party gift cards, and entertainment products; car electronics, marine and aviation, motorcycles and ATV, performance parts, tools and equipment, and wheels and tires; home improvement tools, home appliances, kitchen utensils, outdoor and garden furniture, pet supplies, and generators; and fitness, sports, and health and beauty supplies. The company operates B2C platforms, including Newegg.com, Newegg.ca, and Newegg Global, as well as mobile apps; and B2B platforms comprising NeweggBusiness.com. The company was founded in 2001 and is headquartered in City of Industry, California. Newegg Commerce, Inc. is a subsidiary of Hangzhou Liaison Interactive Information Technology Co., Ltd.
