Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $98.45 and last traded at $91.89, with a volume of 1816366 shares. The stock had previously closed at $73.64.
Newegg Commerce Stock Up 5.4%
The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The business's fifty day moving average price is $34.61 and its 200 day moving average price is $16.02.
Insider Transactions at Newegg Commerce
In related news, major shareholder Vladimir Galkin bought 138,757 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was purchased at an average cost of $42.33 per share, for a total transaction of $5,873,583.81. Following the completion of the acquisition, the insider owned 3,333,333 shares in the company, valued at $141,099,985.89. This trade represents a 4.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 1,122,119 shares of company stock valued at $36,361,527 in the last ninety days. 22.90% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Newegg Commerce
Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in Newegg Commerce by 69.1% in the fourth quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock valued at $34,000 after purchasing an additional 34,900 shares during the period. Jane Street Group LLC purchased a new stake in Newegg Commerce in the fourth quarter valued at approximately $44,000. XTX Topco Ltd purchased a new stake in Newegg Commerce in the first quarter valued at approximately $55,000. FNY Investment Advisers LLC purchased a new stake in Newegg Commerce in the second quarter valued at approximately $64,000. Finally, Squarepoint Ops LLC purchased a new stake in Newegg Commerce in the fourth quarter valued at approximately $69,000. 0.45% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
Before you consider Newegg Commerce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Newegg Commerce wasn't on the list.
While Newegg Commerce currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
