Newegg Commerce Inc [NASDAQ: NEGG] gained 29.96% on the last trading session, reaching $40.25 price per share at the time.
Newegg Commerce Inc represents 19.40 million in outstanding shares, while the company has a total market value of $780.71 million with the latest information. NEGG stock price has been found in the range of $31.05 to $42.36.
If compared to the average trading volume of 1.35M shares, NEGG reached a trading volume of 4468679 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $60.00 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.
Trading performance analysis for NEGG stock
Newegg Commerce Inc [NEGG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -33.90. With this latest performance, NEGG shares dropped by -29.60% in over the last four-week period, additionally plugging by 424.23% over the last 6 months – not to mention a rise of 407.69% 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 41.88, with the RSI for the last a single of trading hit 16.16, and the three-weeks RSI is set at 14.83 for Newegg Commerce Inc [NEGG]. The present Moving Average for the last 50 days of trading for this stock 50.34, while it was recorded at 40.26 for the last single week of trading, and 18.53 for the last 200 days.
Newegg Commerce Inc (NEGG) Capital Structure & Debt Analysis
Newegg Commerce Inc (NEGG) Efficiency & Liquidity Metrics
Newegg Commerce Inc (NEGG) Efficiency & Liquidity Metrics
Newegg Commerce Inc [NEGG]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Newegg Commerce Inc posted -1.49/share EPS, while the average EPS was predicted by analysts to be reported at -0.4/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.09. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NEGG.
An analysis of Institutional ownership at Newegg Commerce Inc [NEGG]
There are presently around $1.83%, or -11.80%% of NEGG stock, in the hands of institutional investors. The top three institutional holders of NEGG stocks are: GEODE CAPITAL MANAGEMENT, LLC with ownership of 0.46 million shares, which is approximately 0.118%. STATE STREET CORP, holding 0.15 million shares of the stock with an approximate value of $$0.14 million in NEGG stocks shares; and STATE STREET CORP, currently with $$0.13 million in NEGG stock with ownership which is approximately 0.0359%.
