Newegg Commerce Inc. (NASDAQ:NEGG) currently has a daily average trading volume of 394.70K but it saw 968299 shares traded on Wednesday. With a market cap of 424.43M USD, stock’s current market price of $1.07 came falling about -12.70 while comparing to the previous closing price of $1.22. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.60 and as low as $1.00. In the recent trading on the day, stock has struck highest price mark of $1.19 while lowest mark touched by it was $1.06.
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Taking a look at 20-day trading activity of Newegg Commerce Inc. (NEGG) gives us an average price of $1.0992, while its current price level is -80.98% below from 52-week high level whereas it is 6.50% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.1839 while that of 200 days or SMA-200 reads an average of $1.8997. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.51% during that period while stretching the period over a month that decreases to 5.75%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.58 which implies that the stock is in neutral territory.
Newegg Commerce Inc. (NEGG)’s stock is currently under the radar of 1 analysts who are in consensus at a 12-month price target range of between $3.00 and $3.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $3.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $3.00. Average price target assigned by them is $3.00 which highlights an upside potential of 64.33% for the stock over that period. And to attain the median price target of $3.00 assigned by those analysts, stock has to add about 64.33% of value to its current levels.
Data by FactSet Research shows that 1 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, NEGG’s stock price is moving -7.39% down while it is 2.40% when we observe its performance for the past one month. Year-to-date it is -18.70% down and over the past year, the stock is showing a downside performance of -75.85%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2022, when its quarterly earnings per share (EPS) of -$0.08 beaten by the consensus estimate of -$0.02 for the same. The company is expected to be releasing its next quarterly report in 08/29/2023, for which analysts forecasted an EPS of -$0.03 while estimate for next year EPS is -$0.11. For NEGG, analysts are forecasting an EPS-growth rate of 26.70% for current year and estimate for EPS growth in next year is 9.10%. In next quarter, company is expected to be making quarterly sales of $338.8 million as analysts are expecting the sales for current fiscal year at $1.52 billion and seeing the company making $1.56 billion in sales next year. Moreover, analysts are in estimates of $356.5 million for current-quarter revenue.
Currently, Newegg Commerce Inc.’s total number of outstanding shares is 375.86M with 94.54% of that held by the insiders while 0.46% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -40.50% and return on equity (ROE) at -33.20%. Stock’s beta reads 0.59. Stock has a price to book (P/B) ratio of 2.60 while price to sale or P/S ratio amounts to 0.25. Its return on asset (ROA) is -10.60% on average.
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