Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 406,288 shares were traded during mid-day 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 Stock Performance
The stock has a 50 day moving average price of $10.74 and a two-hundred day moving average price of $8.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.16 and a quick ratio of 0.76.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in NEGG. XTX Topco Ltd acquired a new position in shares of Newegg Commerce in the 1st quarter valued at $55,000. Squarepoint Ops LLC acquired a new stake in Newegg Commerce during the 4th quarter worth $69,000. Jane Street Group LLC acquired a new stake in Newegg Commerce during the 4th quarter worth $44,000. Finally, Renaissance Technologies LLC raised its stake in Newegg Commerce by 69.1% during the 4th quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock worth $34,000 after buying an additional 34,900 shares during the period. Institutional investors and hedge funds own 0.45% of the company's stock.
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.
See Also
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
