After finishing at $1.06 in the prior trading day, Newegg Commerce Inc (NASDAQ: NEGG) closed at $0.92, down -13.20%. In other words, the price has decreased by -$0.1399 from its previous closing price. On the day, 547004 shares were traded. NEGG stock price reached its highest trading level at $1.0800 during the session, while it also had its lowest trading level at $0.9110.
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Ratios:
Our goal is to gain a better understanding of NEGG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.45.
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 349.76M and an Enterprise Value of 387.23M. Its current Enterprise Value per Revenue stands at 0.25 whereas that against EBITDA is -9.10.
Stock Price History:
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 0.9298, while the 200-Day Moving Average is calculated to be 1.0218.
Shares Statistics:
The stock has traded on average 514.37K shares per day over the past 3-months and 376.46k shares per day over the last 10 days, according to various share statistics. A total of 376.66M shares are outstanding, with a floating share count of 22.21M. Insiders hold about 94.16% of the company’s shares, while institutions hold 0.45% stake in the company. Shares short for NEGG as of Feb 29, 2024 were 1.05M with a Short Ratio of 2.04, compared to 1.23M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.28% and a Short% of Float of 7.64%.
Earnings Estimates
Its stock is currently analyzed by 0 different market analysts. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
A total of 1 analysts have provided revenue estimates for NEGG’s current fiscal year. The highest revenue estimate was $1.52B, while the lowest revenue estimate was $1.52B, resulting in an average revenue estimate of $1.52B. In the same quarter a year ago, actual revenue was $1.72B, down -11.70% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $1.56B in the next fiscal year. The high estimate is $1.56B and the low estimate is $1.56B. The average revenue growth estimate for next year is up 2.50% from the average revenue estimate for this year.
