Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Newegg Commerce Inc’s stock clocked out at $0.60, down -5.57% from its previous closing price of $0.63. In other words, the price has decreased by -$5.57 from its previous closing price. On the day, 0.75 million shares were traded. NEGG stock price reached its highest trading level at $0.645 during the session, while it also had its lowest trading level at $0.5852.
Ratios:
To gain a deeper understanding of NEGG’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 10 ’24 when Yang Yingmei bought 3,000 shares for $0.63 per share.
Yang Yingmei bought 3,000 shares of NEGG for $1,858 on Dec 09 ’24. On Dec 06 ’24, another insider, Yang Yingmei, who serves as the Director of the company, bought 3,000 shares for $0.57 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 246334272 and an Enterprise Value of 279926624. Its current Enterprise Value per Revenue stands at 0.201 whereas that against EBITDA is -5.222.
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 $0.55. The 50-Day Moving Average of the stock is -5.99%, while the 200-Day Moving Average is calculated to be -27.80%.
Shares Statistics:
It appears that NEGG traded 557.74K shares on average per day over the past three months and 683940 shares per day 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 0.26% stake in the company. Shares short for NEGG as of 1732838400 were 890870 with a Short Ratio of 1.33, compared to 1730332800 on 1103580. Therefore, it implies a Short% of Shares Outstanding of 890870 and a Short% of Float of 2.3699999.
