Newegg Commerce Inc [NASDAQ: NEGG] price surged by 14.67 percent to reach at $0.11.
The one-year NEGG stock forecast points to a potential upside of 71.33. The average equity rating for NEGG stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 0.06 The Price to Book ratio for the last quarter was 2.27, with the Price to Cash per share for the same quarter was set at 0.28.
NEGG Stock Performance Analysis:
Newegg Commerce Inc [NEGG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.36. With this latest performance, NEGG shares gained by 2.48% in over the last four-week period, additionally sinking by -21.43% over the last 6 months – not to mention a drop of -16.09% 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 58.27, with the RSI for the last a single of trading hit 65.71, and the three-weeks RSI is set at 54.07 for Newegg Commerce Inc [NEGG]. The present Moving Average for the last 50 days of trading for this stock 0.8610, while it was recorded at 0.7816 for the last single week of trading, and 0.9400 for the last 200 days.
Insight into Newegg Commerce Inc Fundamentals:
Newegg Commerce Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.16.
