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Ecommerce Stocks To Watch Today - November 9th

Walmart logo with Consumer Staples background
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Key Points

  • Five ecommerce stocks flagged for investor attention based on recent dollar trading volume: Walmart, GameStop, GigaCloud Technology, Pattern Group, and ContextLogic.
  • In Monday trading, GameStop, GigaCloud, and Pattern Group rose, while Walmart and ContextLogic fell.
  • The companies span different areas of online commerce, from Walmart’s retail and ecommerce operations to GigaCloud’s cross-border B2B marketplace and Pattern Group’s technology services for brands selling on global marketplaces.
  • Five stocks to consider instead of Walmart.

Walmart, GameStop, GigaCloud Technology, Pattern Group, and ContextLogic are the five Ecommerce stocks to watch today, according to MarketBeat's stock screener tool. Ecommerce stocks are shares of publicly traded companies that earn a significant portion of their revenue by selling goods or services online, or by providing related services such as digital payments, marketplaces, and delivery. For investors, they offer exposure to the growth of online commerce, but their performance can be affected by competition, consumer spending, and changes in technology or regulation. These companies had the highest dollar trading volume of any Ecommerce stocks within the last several days.

Walmart (WMT)

Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

NASDAQ:WMT traded down $0.12 during mid-day trading on Monday, reaching $125.41. 10,551,449 shares of the stock were exchanged, compared to its average volume of 24,872,055. The company has a 50 day simple moving average of $112.48 and a 200-day simple moving average of $118.59. Walmart has a 1 year low of $98.88 and a 1 year high of $135.15. The stock has a market capitalization of $994.93 billion, a P/E ratio of 45.27, a P/E/G ratio of 4.53 and a beta of 0.53. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.41.

Read Our Latest Research Report on WMT

GameStop (GME)

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.

GME traded up $0.56 during trading hours on Monday, hitting $25.68. 3,899,444 shares of the stock were exchanged, compared to its average volume of 7,536,965. The stock has a 50-day simple moving average of $23.56 and a 200-day simple moving average of $22.73. The company has a debt-to-equity ratio of 0.68, a current ratio of 8.72 and a quick ratio of 8.07. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 16.88 and a beta of 1.65. GameStop has a 12 month low of $17.79 and a 12 month high of $28.30.

Read Our Latest Research Report on GME

GigaCloud Technology (GCT)

GigaCloud Technology Inc. provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally. The company offers GigaCloud Marketplace integrates product discovery to payments to logistics tools into one easy-to-use platform. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, fitness equipment, and other large parcel categories.

GCT stock traded up $1.19 during midday trading on Monday, reaching $59.56. 318,685 shares of the company's stock traded hands, compared to its average volume of 676,214. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 12.81 and a beta of 1.61. GigaCloud Technology has a 1-year low of $28.80 and a 1-year high of $67.18. The company has a 50-day simple moving average of $55.08 and a two-hundred day simple moving average of $44.35.

Read Our Latest Research Report on GCT

Pattern Group (PTRN)

At Pattern, we are on a mission to help brands accelerate profitable growth on global ecommerce marketplaces. Today, our proprietary technology and on-demand experts operate across more than 60 marketplaces to increase product sales to consumers in more than 100 countries. Utilizing more than 46 trillion data points and sophisticated machine learning and artificial intelligence (“AI”) models, we strive to optimize and automate key levers of ecommerce growth, including advertising, content creation and management, pricing, forecasting and customer service.

PTRN traded up $0.88 during trading on Monday, reaching $19.15. 406,917 shares of the stock were exchanged, compared to its average volume of 1,453,928. Pattern Group has a twelve month low of $8.92 and a twelve month high of $29.80. The stock has a market cap of $2.98 billion, a P/E ratio of 29.43 and a beta of 1.29. The stock's 50 day moving average price is $18.25 and its two-hundred day moving average price is $17.60.

Read Our Latest Research Report on PTRN

ContextLogic (WISH)

Shares of ContextLogic stock traded down $0.15 during midday trading on Monday, reaching $15.15. The company had a trading volume of 69,497 shares, compared to its average volume of 991,637. ContextLogic has a fifty-two week low of $3.55 and a fifty-two week high of $9.90. The firm has a market cap of $369.63 million, a PE ratio of -1.26 and a beta of 2.09. The stock has a fifty day moving average price of $14.71 and a 200 day moving average price of $10.31.

Read Our Latest Research Report on WISH

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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