Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Newegg Commerce Inc (NASDAQ: NEGG) was $0.85 for the day, down -2.49% from the previous closing price of $0.87. In other words, the price has decreased by -$2.49 from its previous closing price. On the day, 0.56 million shares were traded. NEGG stock price reached its highest trading level at $0.8984 during the session, while it also had its lowest trading level at $0.842.
Ratios:
Our analysis of NEGG’s different ratios will help us gain a deeper understanding of the company. 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 332405248 and an Enterprise Value of 312164288. Its current Enterprise Value per Revenue stands at 0.209 whereas that against EBITDA is -5.415.
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 -7.05%, while the 200-Day Moving Average is calculated to be -11.80%.
Shares Statistics:
NEGG traded an average of 363.51K shares per day over the past three months and 278970 shares per day over the past ten days. A total of 380.41M shares are outstanding, with a floating share count of 22.22M. Insiders hold about 94.16% of the company’s shares, while institutions hold 0.46% stake in the company. Shares short for NEGG as of 1713139200 were 1171315 with a Short Ratio of 3.22, compared to 1710460800 on 1062729. Therefore, it implies a Short% of Shares Outstanding of 1171315 and a Short% of Float of 3.73.
