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In the latest session, Newegg Commerce Inc (NASDAQ: NEGG) closed at $1.09 up 6.37% from its previous closing price of $1.02. In other words, the price has increased by $6.37 from its previous closing price. On the day, 1.53 million shares were traded. NEGG stock price reached its highest trading level at $1.15 during the session, while it also had its lowest trading level at $1.01.
Ratios:
For a deeper understanding of Newegg Commerce Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 1.16. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.48.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Noble Capital Markets on February 06, 2023, initiated with a Outperform rating and assigned the stock a target price of $3.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NEGG now has a Market Capitalization of 414217216 and an Enterprise Value of 400800640. Its current Enterprise Value per Revenue stands at 0.268 whereas that against EBITDA is -6.953.
Stock Price History:
The Beta on a monthly basis for NEGG is 1.44, which has changed by -0.23776221 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, NEGG has reached a high of $2.15, while it has fallen to a 52-week low of $0.52. The 50-Day Moving Average of the stock is 14.66%, while the 200-Day Moving Average is calculated to be 18.09%.
Shares Statistics:
For the past three months, NEGG has traded an average of 966.84K shares per day and 3347060 over the past ten days. A total of 380.41M shares are outstanding, with a floating share count of 27.28M. Insiders hold about 92.85% of the company’s shares, while institutions hold 0.45% stake in the company. Shares short for NEGG as of 1719532800 were 1254180 with a Short Ratio of 1.30, compared to 1717113600 on 1091156. Therefore, it implies a Short% of Shares Outstanding of 1254180 and a Short% of Float of 4.0.
