Newegg Commerce Inc. (NASDAQ:NEGG) does about 1.90M shares in volume on a normal day but saw 1835559 shares change hands in Monday trading. The company now has a market cap of 656.54M USD. Its current market price is $1.79, marking an increase of 1.13% compared to the previous close of $1.77. The 52 week high reached by this stock is $9.19 whilst the lowest price level in 52 weeks is $1.16. The script in recent trading has seen the stock touch a high of $1.96 and a low of $1.74.
Newegg Commerce Inc. (NEGG) has a 20-day trading average at $1.5000 and the current price is -80.52% off the 52-week high compared with 54.31% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.6146 and its 200-day simple moving average is $3.3224. If we look at the stock’s price movements over the week, volatility stands at 13.34%, which increases to 14.66% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.72 to suggest the stock is neutral.
1 analysts observing the Newegg Commerce Inc. (NEGG) stock have set the 12-month price targets for the company’s shares at between $44.00 and $44.00. The median price target is 95.93% away from the current levels at $44.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 0 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Overweight.
The current price level is 20.82%, 10.95%, and -46.53% away from its SMA20, SMA50, and SMA200 respectively, with the NEGG price moving below the 50-day SMA on January 23. Newegg Commerce Inc. (NEGG) stock is down -13.53% over the week and 31.62% over the past month. Its price is 36.64% year-to-date and -75.58% over the past year.
The company’s next earnings report is expected on 05/31/2023.
Its 12-month price target is $44.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $44.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $44.00.
Outstanding shares total 374.09M with insiders holding 94.89% of the shares and institutional holders owning 0.61% of the company’s common stock. The company has a return on investment of 21.70% and return on equity of -12.00%. The beta has a value of 0.47. Price to book ratio is 3.81 and price to sales ratio is 0.35.
According to a U.S. Securities and Exchange Commission filing, Invesco Golden Dragon China ETF has added its position in Newegg Commerce Inc. (NEGG) to 468,251 shares, mirroring a recent increase by 0.38%. Invesco Golden Dragon China ETF added 1776.0 shares of Newegg Commerce Inc. common stock bringing its total worth to about $0.61 million at the end of recent close, SEC documents show. Invesco Golden Dragon China ETF isn’t the only investment manager who changed stakes and is followed by Fidelity Nasdaq Composite Index F, which sold off 20913.0 shares to end up with 123,193 shares worth $0.16 million.