A share price of Newegg Commerce Inc [NEGG] is currently trading at $0.63, up 2.58%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NEGG shares have gain 10.69% over the last week, with a monthly amount drifted -4.55%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Newegg Commerce Inc [NASDAQ: NEGG] stock has seen the most recent analyst activity on February 06, 2023, when Noble Capital Markets initiated its Outperform rating and assigned the stock a price target of $3.50.
Newegg Commerce Inc experienced fluctuations in its stock price throughout the past year between $0.55 and $1.45. Currently, Wall Street analysts expect the stock to reach $3.5 within the next 12 months. Newegg Commerce Inc [NASDAQ: NEGG] shares were valued at $0.63 at the most recent close of the market. An investor can expect a potential return of 455.56% based on the average NEGG price forecast.
Analyzing the NEGG fundamentals
Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.43 and Total Capital is -0.37. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.6145 points at the first support level, and at 0.5940 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6600, and for the 2nd resistance point, it is at 0.6850.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Newegg Commerce Inc [NASDAQ:NEGG] is 1.16. As well, the Quick Ratio is 0.70, while the Cash Ratio is 0.25.
Transactions by insiders
Recent insider trading involved Yang Yingmei, Director, that happened on Dec 09 ’24 when 3000.0 shares were purchased. Director, Yang Yingmei completed a deal on Dec 06 ’24 to buy 3000.0 shares. Meanwhile, Director Yang Yingmei bought 3000.0 shares on Dec 05 ’24.
