The stock of Newegg Commerce Inc (NASDAQ:NEGG) last traded at $1.80, up 42.86% from the previous session.
Data from the available sources indicates that Newegg Commerce Inc (NASDAQ:NEGG) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $3.00, we find $3.00. Given the previous closing price of $1.26, this indicates a potential upside of 138.1 percent. NEGG stock price is now 133.87% away from the 50-day moving average and 63.57% away from the 200-day moving average. The market capitalization of the company currently stands at $679.97M.
In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $3.00 as their price target over the next twelve months.
With the price target of $3.50, Noble Capital Markets recently initiated with Outperform rating for Newegg Commerce Inc (NASDAQ: NEGG).
A total of 94.75% of the company’s stock is owned by insiders.
With an opening price of $1.2800 on Friday morning, Newegg Commerce Inc (NASDAQ: NEGG) set off the trading day. During the past 12 months, Newegg Commerce Inc has had a low of $0.52 and a high of $3.09. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 1.26, and a quick ratio of 0.76. The fifty day moving average price for NEGG is $0.7856 and a two-hundred day moving average price translates $1.1009 for the stock.
The latest earnings results from Newegg Commerce Inc (NASDAQ: NEGG) was released for Jun, 2023. According to the Internet Retail Company, earnings per share came in at -$0.08, missing analysts’ expectations of -$0.02 by -0.06. This compares to $0.02 EPS in the same period last year.
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 and audio, headphones, pro audio/video, cellphones, wearables, and digital cameras; display and printing, office technology furniture, office supplies, and mailing and inventory supplies; and software, digital downloads, warranty and services, 3rd party gift cards, and entertainment products. It also provides Xbox, PlayStation, home networking, server and components, smart home products, car electronics, motorcycles and ATV, wheels and tires, home improvement tools, home appliances, kitchen utensils, outdoor and garden furniture, fitness, and sports and health products. 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.
