NASDAQ:NEGG Newegg Commerce (NEGG) Stock Forecast, Price & News $1.07 +0.02 (+1.90%) (As of 06/1/2023 ET) Add Compare Share Share Today's Range$1.04▼$1.1050-Day Range$1.02▼$1.3452-Week Range$1.00▼$5.60Volume568,887 shsAverage Volume1.41 million shsMarket Capitalization$403.03 millionP/E RatioN/ADividend YieldN/APrice Target$3.50 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Newegg Commerce MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside227.1% Upside$3.50 Price TargetShort InterestHealthy10.39% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.19Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.11) to ($0.10) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.94 out of 5 starsRetail/Wholesale Sector277th out of 424 stocksRetail Stores, Not Elsewhere Classified Industry15th out of 24 stocks 3.5 Analyst's Opinion Consensus RatingNewegg Commerce has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.50, Newegg Commerce has a forecasted upside of 227.1% from its current price of $1.07.Amount of Analyst CoverageNewegg Commerce has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted10.39% of the float of Newegg Commerce has been sold short.Short Interest Ratio / Days to CoverNewegg Commerce has a short interest ratio ("days to cover") of 5.2.Change versus previous monthShort interest in Newegg Commerce has recently decreased by 7.17%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldNewegg Commerce does not currently pay a dividend.Dividend GrowthNewegg Commerce does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NEGG. Previous Next 1.0 News and Social Media Coverage News SentimentNewegg Commerce has a news sentiment score of -0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.39 average news sentiment score of Retail/Wholesale companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Newegg Commerce this week, compared to 1 article on an average week.Search InterestOnly 3 people have searched for NEGG on MarketBeat in the last 30 days. This is a decrease of -79% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Newegg Commerce to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Newegg Commerce insiders have not sold or bought any company stock.Percentage Held by Insiders22.90% of the stock of Newegg Commerce is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 0.62% of the stock of Newegg Commerce is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Newegg Commerce are expected to grow in the coming year, from ($0.11) to ($0.10) per share.Price to Book Value per Share RatioNewegg Commerce has a P/B Ratio of 2.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Newegg Commerce (NASDAQ:NEGG) StockNewegg Commerce, Inc. is an e-commerce company. It offers direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment, smart home and gaming products. The firm also provides third-party logistics services globally. The company was founded on July 22, 2003 and is headquartered in City of Industry, CA.Read More Receive NEGG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Newegg Commerce and its competitors with MarketBeat's FREE daily newsletter. Email Address NEGG Stock News HeadlinesJune 1, 2023 | finance.yahoo.comNewegg Uses AI to Build New Online Shopping Experience for Home ProductsMay 30, 2023 | msn.comNewegg: Conditions Worsen As Losses ReturnJune 2, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 24, 2023 | finance.yahoo.comNewegg Announces its Largest Ever Presence at Computex 2023, Showcasing Marketplace, Logistics and Media Creation Capabilities for APAC CompaniesMay 23, 2023 | finance.yahoo.comGameCrate RelaunchesMay 17, 2023 | marketwatch.comNewegg Commerce Inc $NEGG Pivots Trading Plans and Risk ControlsMay 17, 2023 | finance.yahoo.comChatGPT Integration Powers Newegg’s PC Builder Tool to Surpass 200,000 User Prompts in Open BetaMay 15, 2023 | finance.yahoo.comThe past year for Newegg Commerce (NASDAQ:NEGG) investors has not been profitableJune 2, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 7, 2023 | marketwatch.comNewegg Commerce Inc ($NEGG) Trading ReportMay 2, 2023 | finance.yahoo.comNewegg Grows Industry Leadership with Over 50 Hours of Weekly Livestream ShoppingMay 1, 2023 | americanbankingnews.comHead to Head Analysis: Newegg Commerce (NASDAQ:NEGG) vs. Rent the Runway (NASDAQ:RENT)April 24, 2023 | finance.yahoo.comNewegg Announces Year End 2022 Results and 2023 GuidanceApril 19, 2023 | marketwatch.comNewegg Commerce Inc $NEGG Trading ReportApril 4, 2023 | finance.yahoo.comNewegg Offers Six-Month Free Elite Membership for New Marketplace SellersMarch 27, 2023 | msn.comNewegg expects 'substantial benefits' from ChatGPT integrationMarch 27, 2023 | finance.yahoo.comNewegg Uses ChatGPT to Improve Online Shopping ExperienceMarch 25, 2023 | msn.comWayfair, Farfetch and Etsy lead rally in online retail stocks with investors rechargedMarch 21, 2023 | finance.yahoo.comNewegg Unwraps NAS Builder to Help Shoppers Improve Digital File StorageMarch 13, 2023 | finance.yahoo.comJaylen Clark of the UCLA Men’s Basketball Team Scores with Newegg, MSI and Seagate TechnologyMarch 9, 2023 | businesswire.comNewegg Business Cues Up Latest Tech Products for Educators at Spring CUEFebruary 23, 2023 | finance.yahoo.comNewegg Unveils New Influencer Program Benefits Including Free Use of Company’s Studio FacilitiesFebruary 19, 2023 | seekingalpha.comNewegg: Overvalued Retailer With Headwinds AheadJanuary 30, 2023 | finance.yahoo.comNewegg Constructs Deals on Desktop PC Components for Build Now SaleJanuary 13, 2023 | markets.businessinsider.comNasdaq Up 50 Points; Gold Rises Over 1%January 13, 2023 | seekingalpha.comNewegg Commerce stock surges over 100% as volume spikesJanuary 11, 2023 | finance.yahoo.comNewegg Unleashes Gaming LaptopsSee More Headlines NEGG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart NEGG Company Calendar Last Earnings4/24/2023Today6/01/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Retail stores, not elsewhere classified Sub-IndustryN/A SectorRetail/Wholesale Current SymbolNASDAQ:NEGG CUSIPN/A CIK1474627 Webwww.newegg.com Phone(626) 271-9700Fax86-010-6841-6311Employees1,355Year FoundedN/APrice Target and Rating Average Stock Price Forecast$3.50 High Stock Price Forecast$3.50 Low Stock Price Forecast$3.50 Forecasted Upside/Downside+227.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio0.49 Current Ratio1.26 Quick Ratio0.76 Sales & Book Value Annual Sales$1.72 million Price / Sales234.32 Cash FlowN/A Price / Cash FlowN/A Book Value$0.41 per share Price / Book2.61Miscellaneous Outstanding Shares376,660,000Free Float290,405,000Market Cap$403.03 million OptionableNot Optionable Beta0.56 Key ExecutivesAnthony ChowChief Executive Officer & DirectorJamie SpannosChief Operating OfficerRobert ChangChief Financial OfficerMontaque HouChief Information Security OfficerChristina ChingChief Accounting OfficerKey Competitors1-800-FLOWERS.COMNASDAQ:FLWSTitan MachineryNASDAQ:TITNBARKNYSE:BARKRent the RunwayNASDAQ:RENTSally BeautyNYSE:SBHView All CompetitorsInstitutional OwnershipGeode Capital Management LLCBought 85,533 shares on 5/16/2023Ownership: 0.081%State Street CorpBought 11,895 shares on 5/16/2023Ownership: 0.035%Jane Street Group LLCBought 38,095 shares on 5/16/2023Ownership: 0.034%Susquehanna International Group LLPBought 46,200 shares on 5/16/2023Ownership: 0.000%Squarepoint Ops LLCBought 60,891 shares on 5/16/2023Ownership: 0.016%View All Institutional Transactions NEGG Stock - Frequently Asked Questions Should I buy or sell Newegg Commerce stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newegg Commerce in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" NEGG shares. View NEGG analyst ratings or view top-rated stocks. What is Newegg Commerce's stock price forecast for 2023? 1 Wall Street analysts have issued 1 year price objectives for Newegg Commerce's shares. Their NEGG share price forecasts range from $3.50 to $3.50. On average, they predict the company's stock price to reach $3.50 in the next year. This suggests a possible upside of 227.1% from the stock's current price. View analysts price targets for NEGG or view top-rated stocks among Wall Street analysts. How have NEGG shares performed in 2023? Newegg Commerce's stock was trading at $1.31 at the start of the year. Since then, NEGG stock has decreased by 18.3% and is now trading at $1.07. View the best growth stocks for 2023 here. When is Newegg Commerce's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023. View our NEGG earnings forecast. How were Newegg Commerce's earnings last quarter? Newegg Commerce, Inc. (NASDAQ:NEGG) posted its earnings results on Monday, April, 24th. The company reported ($0.02) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.02). What ETFs hold Newegg Commerce's stock? ETFs with the largest weight of Newegg Commerce (NASDAQ:NEGG) stock in their portfolio include Invesco Golden Dragon China ETF (PGJ), What guidance has Newegg Commerce issued on next quarter's earnings? Newegg Commerce updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.52 billion-$1.58 billion, compared to the consensus revenue estimate of $1.52 billion. What is Newegg Commerce's stock symbol? Newegg Commerce trades on the NASDAQ under the ticker symbol "NEGG." Who are Newegg Commerce's major shareholders? Newegg Commerce's stock is owned by many different retail and institutional investors. Top institutional shareholders include Geode Capital Management LLC (0.08%), State Street Corp (0.03%), Jane Street Group LLC (0.03%), Susquehanna International Group LLP (0.00%), Group One Trading L.P. (0.00%) and BlackRock Inc. (0.02%). How do I buy shares of Newegg Commerce? Shares of NEGG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Newegg Commerce's stock price today? One share of NEGG stock can currently be purchased for approximately $1.07. How much money does Newegg Commerce make? Newegg Commerce (NASDAQ:NEGG) has a market capitalization of $403.03 million and generates $1.72 million in revenue each year. How many employees does Newegg Commerce have? The company employs 1,355 workers across the globe. How can I contact Newegg Commerce? Newegg Commerce's mailing address is Room 1003B 10th floor no. 10 Baifuquan road Changping District, Beijing F4, 102200. The official website for the company is www.newegg.com. The company can be reached via phone at (626) 271-9700, via email at ir@elliemae.com, or via fax at 86-010-6841-6311. This page (NASDAQ:NEGG) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Newegg Commerce, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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