Newegg Commerce Inc [NASDAQ: NEGG] closed the trading session at $0.48.
The stocks have a year to date performance of 20.53 percent and weekly performance of 8.81 percent. The stock has been moved at -42.08 percent over the last six months. The stock has performed 14.09 percent around the most recent 30 days and changed -23.87 percent over the most recent 3-months.
If compared to the average trading volume of 834.66K shares, NEGG reached to a volume of 5194399 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 0.04 The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 0.28.
NEGG stock trade performance evaluation
Newegg Commerce Inc [NEGG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.81. With this latest performance, NEGG shares gained by 14.09% in over the last four-week period, additionally sinking by -42.08% over the last 6 months – not to mention a drop of -50.55% 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 55.46, with the RSI for the last a single of trading hit 59.85, and the three-weeks RSI is set at 51.85 for Newegg Commerce Inc [NEGG]. The present Moving Average for the last 50 days of trading for this stock 0.4655, while it was recorded at 0.4642 for the last single week of trading, and 0.7215 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 0.70 and a Current Ratio set at 1.16.
