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After finishing at $0.74 in the prior trading day, Newegg Commerce Inc (NASDAQ: NEGG) closed at $0.71, down -4.57%. In other words, the price has decreased by -$4.57 from its previous closing price. On the day, 0.83 million shares were traded. NEGG stock price reached its highest trading level at $0.7425 during the session, while it also had its lowest trading level at $0.6751.
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 0.70 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 Oct 01 ’24 when Yang Yingmei bought 3,000 shares for $0.73 per share.
Yang Yingmei bought 3,000 shares of NEGG for $2,272 on Sep 30 ’24. On Sep 27 ’24, another insider, Yang Yingmei, who serves as the Director of the company, bought 3,000 shares for $0.75 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 273644416 and an Enterprise Value of 320969408. Its current Enterprise Value per Revenue stands at 0.231 whereas that against EBITDA is -5.988.
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 -12.74%, while the 200-Day Moving Average is calculated to be -23.03%.
Shares Statistics:
The stock has traded on average 905.01K shares per day over the past 3-months and 468240 shares per day over the last 10 days, according to various share statistics. 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 0.25% stake in the company. Shares short for NEGG as of 1726185600 were 1338051 with a Short Ratio of 1.48, compared to 1723680000 on 1182166. Therefore, it implies a Short% of Shares Outstanding of 1338051 and a Short% of Float of 3.56.
