Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Newegg Commerce Inc (NASDAQ: NEGG) closed the day trading at $0.52 down -5.73% from the previous closing price of $0.55. In other words, the price has decreased by -$5.73 from its previous closing price. On the day, 1.01 million shares were traded. NEGG stock price reached its highest trading level at $0.55 during the session, while it also had its lowest trading level at $0.51.
Ratios:
For a better understanding of NEGG, let’s look at its different 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.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 13 ’24 when Yang Yingmei bought 3,000 shares for $0.54 per share.
Yang Yingmei bought 3,000 shares of NEGG for $1,695 on Dec 12 ’24. On Dec 11 ’24, another insider, Yang Yingmei, who serves as the Director of the company, bought 3,000 shares for $0.59 each.
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 201140656 and an Enterprise Value of 248465664. Its current Enterprise Value per Revenue stands at 0.179 whereas that against EBITDA is -4.635.
Stock Price History:
Over the past 52 weeks, NEGG has reached a high of $1.45, while it has fallen to a 52-week low of $0.54. The 50-Day Moving Average of the stock is -17.54%, while the 200-Day Moving Average is calculated to be -37.06%.
Shares Statistics:
Over the past 3-months, NEGG traded about 586.81K shares per day on average, while over the past 10 days, NEGG traded about 836200 shares per day. 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 0.26% stake in the company. Shares short for NEGG as of 1732838400 were 890870 with a Short Ratio of 1.52, compared to 1730332800 on 1103580. Therefore, it implies a Short% of Shares Outstanding of 890870 and a Short% of Float of 2.3699999.
