At the time of writing, Newegg Commerce Inc [NEGG] stock is trading at $0.48, up 14.70%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NEGG shares have gain 12.47% over the last week, with a monthly amount glided 8.08%, and 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.
For the past year, the stock price of Newegg Commerce Inc fluctuated between $0.39 and $1.32. 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 $0.48 at the most recent close of the market. An investor can expect a potential return of 629.17% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.85.
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 0.4443 points at the first support level, and at 0.4072 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.5143, and for the 2nd resistance point, it is at 0.5472.
Ratios To Look Out For
It is important to note that Newegg Commerce Inc [NASDAQ:NEGG] has a current ratio of 1.16. Also, the Quick Ratio is 0.70, while the Cash Ratio stands at 0.25.
Transactions by insiders
Recent insider trading involved Yang Yingmei, Director, that happened on Jan 23 ’25 when 3000.0 shares were purchased. Director, Yang Yingmei completed a deal on Jan 22 ’25 to buy 3000.0 shares. Meanwhile, Director Yang Yingmei bought 3000.0 shares on Jan 21 ’25.
