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Saturday, December 9, 2023

The Question Is Whether To Buy Or Not To Buy Newegg Commerce Inc (NASDAQ: NEGG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Newegg Commerce Inc (NEGG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0485, or 6.34%, to $0.813. The Newegg Commerce Inc has recorded 77,374 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Newegg Introduces Group Buy to Reward Customers Who Come Together to Unlock Special Daily Deals.

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Stocks Info

Newegg Commerce Inc is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Internet Retail industry. At the end of the last regular session, the stock closed at $0.76 and fluctuated between $0.7793 as its day high and $0.6689 as its day low. The current market capitalization of Newegg Commerce Inc is $288.80M. A total of 1.15 million shares were traded on the day, compared to an average of 352.15K shares.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NEGG in the last 3 months, the mean price target is $3.00 with high estimates of $3.00 and low estimates of $3.00. In terms of 52-week highs and lows, NEGG has a high of $3.09 and a low of $0.52.

As of this writing, NEGG has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NEGG’s latest balance sheet shows that the firm has $99.99M in Cash & Short Term Investments as of fiscal 2021. There were $107.23M in debt and $356.31M in liabilities at the time. Its Book Value Per Share was $0.45, while its Total Shareholder’s Equity was $182.28M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NEGG is Buy with a score of 5.00.

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