Newegg Commerce Inc [NASDAQ: NEGG] closed the trading session at $0.92. The company report on March 28, 2024 at 9:00 AM that Newegg Makes Tech More Affordable for Students, Faculty and Staff with Affirm Offer.
Savings bolstered 10% – and can be combined with other offers – when paying over time with Affirm at checkout.
Newegg Commerce, Inc. (NASDAQ: NEGG), a global e-commerce leader for technology products, today announced a new 10% off discount for students, faculty and staff when customers check out with Affirm (NASDAQ: AFRM) and use an.edu email address. Unique to the offer, the deal can be added to other promo codes and existing deals, maximizing total savings.
The stocks have a year to date performance of -26.65 percent and weekly performance of -19.63 percent. The stock has been moved at 12.02 percent over the last six months. The stock has performed -6.51 percent around the most recent 30 days and changed -28.36 percent over the most recent 3-months.
If compared to the average trading volume of 501.43K shares, NEGG reached to a volume of 297426 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Newegg Commerce Inc [NEGG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NEGG shares is $3.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NEGG stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Noble Capital Markets have made an estimate for Newegg Commerce Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 06, 2023.
The Average True Range (ATR) for Newegg Commerce Inc is set at 0.08 The Price to Book ratio for the last quarter was 2.04, with the Price to Cash per share for the same quarter was set at 0.32.
NEGG stock trade performance evaluation
Newegg Commerce Inc [NEGG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.63. With this latest performance, NEGG shares dropped by -6.51% in over the last four-week period, additionally plugging by 12.02% over the last 6 months – not to mention a drop of -31.03% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NEGG stock in for the last two-week period is set at 42.48, with the RSI for the last a single of trading hit 36.90, and the three-weeks RSI is set at 45.56 for Newegg Commerce Inc [NEGG]. The present Moving Average for the last 50 days of trading for this stock 0.9303, while it was recorded at 0.9760 for the last single week of trading, and 1.0185 for the last 200 days.
Newegg Commerce Inc [NEGG]: An insightful look at the core fundamentals
Newegg Commerce Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.76 and a Current Ratio set at 1.26.
Newegg Commerce Inc [NEGG]: Institutional Ownership
The top three institutional holders of NEGG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in NEGG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in NEGG stock with ownership which is approximately 5.8325%.
