Newegg Commerce (NASDAQ:NEGG) Shares Gap Up to $1.37

Posted by on Jul 16th, 2023

Newegg Commerce, Inc. (NASDAQ:NEGG – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $1.37, but opened at $1.46. Newegg Commerce shares last traded at $1.55, with a volume of 1,397,502 shares traded.

Newegg Commerce Stock Up 6.9 %

The company has a fifty day moving average of $1.15 and a 200-day moving average of $1.34. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49.

Newegg Commerce (NASDAQ:NEGG – Get Free Report) last posted its quarterly earnings data on Monday, April 24th. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate of ($0.02). On average, equities analysts anticipate that Newegg Commerce, Inc. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Newegg Commerce during the 1st quarter valued at $79,000. XTX Topco Ltd purchased a new position in shares of Newegg Commerce during the 1st quarter valued at $101,000. Goldman Sachs Group Inc. lifted its position in shares of Newegg Commerce by 24.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 16,677 shares of the company’s stock valued at $105,000 after buying an additional 3,258 shares during the last quarter. State Street Corp lifted its position in shares of Newegg Commerce by 29.1% during the 1st quarter. State Street Corp now owns 18,084 shares of the company’s stock valued at $114,000 after buying an additional 4,078 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Newegg Commerce by 170.8% during the 1st quarter. BlackRock Inc. now owns 19,200 shares of the company’s stock valued at $121,000 after buying an additional 12,109 shares during the last quarter. Hedge funds and other institutional investors own 0.49% of the company’s stock.

About Newegg Commerce

(Get Free Report)

Newegg Commerce, Inc operates as an electronics-focused e-retailer in North America. The company offers desktops, laptops, gaming laptops, peripherals, and accessories; CPU/processors, graphic cards, motherboards, storage devices, and computer accessories; home video and audio, headphones, pro audio/video, cellphones, wearables, and digital cameras; display and printing, office technology furniture, office supplies, and mailing and inventory supplies; and software, digital downloads, warranty and services, 3rd party gift cards, and entertainment products.

Featured Articles

Receive News & Ratings for Newegg Commerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newegg Commerce and related companies with MarketBeat.com's FREE daily email newsletter.