Free Trial

Newegg Commerce (NASDAQ:NEGG) Shares Down 3.8% - Here's What Happened

Newegg Commerce logo with Retail/Wholesale background

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report)'s stock price dropped 3.8% on Thursday . The stock traded as low as $16.49 and last traded at $16.55. Approximately 38,247 shares changed hands during trading, a decline of 76% from the average daily volume of 162,710 shares. The stock had previously closed at $17.20.

Newegg Commerce Stock Performance

The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.50. The business's 50 day moving average is $8.41 and its 200-day moving average is $7.69.

Institutional Trading of Newegg Commerce

Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC boosted 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 in the last quarter. Jane Street Group LLC purchased a new stake in shares of Newegg Commerce during the fourth quarter worth approximately $44,000. XTX Topco Ltd purchased a new stake in shares of Newegg Commerce during the first quarter worth approximately $55,000. Finally, Squarepoint Ops LLC purchased a new position in Newegg Commerce in the fourth quarter worth $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.

Featured Articles

Should You Invest $1,000 in Newegg Commerce Right Now?

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

The Best High-Yield Dividend Stocks for 2025 Cover

Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Joby vs. Archer: The $10 Billion eVTOL Battle
3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore
AI Stocks Are Printing Money — These 3 Are Just Getting Started

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines