Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) shares saw strong trading volume on Wednesday . 406,288 shares traded hands during trading, an increase of 152% from the previous session's volume of 161,213 shares.The stock last traded at $21.75 and had previously closed at $18.71.
Newegg Commerce Price Performance
The stock has a fifty day moving average of $9.33 and a 200 day moving average of $7.89. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.
Institutional Trading of Newegg Commerce
A number of institutional investors and hedge funds have recently made changes to their positions in NEGG. Renaissance Technologies LLC increased its position in shares of 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 buying an additional 34,900 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Newegg Commerce in the fourth quarter valued at approximately $44,000. XTX Topco Ltd purchased a new stake in shares of Newegg Commerce in the first quarter valued at approximately $55,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of 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.
Newegg Commerce Company Profile
(
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.