Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Year to date metric has recorded a loss of -34.05%.However, over the last six months, we can see a stronger performance of -28.00%. Over the last 30 days, the price of NEGG has fallen by 41.83%. And in the last five days, it has surged by 20.17%.
At present, Newegg Commerce Inc (NEGG) has a stock price of $0.86. In the previous session, the stock saw a rise, peaking at $1.00 after an opening price of $1.00. The day’s lowest price was $0.8081, and it closed at $1.00.
Newegg Commerce Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $3.09 on 01/13/23, while the lowest value for the same period was recorded at $0.52 on 11/01/23.
52-week price history of NEGG Stock
Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Newegg Commerce Inc’s current trading price is -72.04% away from its 52-week high, while its distance from the 52-week low is 67.44%. The stock’s price range during this time has been between $0.52 and $3.09. The trading volume for the Consumer Cyclical sector company’s shares reached about 1.27 million for the day, which was higher than the average daily volume of 0.48 million over the last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Newegg Commerce Inc (NEGG) has experienced a quarterly decline of -20.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 326.38M and boasts a workforce of 1355 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.9899, with a change in price of -0.2560. Similarly, Newegg Commerce Inc recorded 568,036 in trading volume during the last 100 days, posting a change of -22.86%.
NEGG’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NEGG stands at 0.57. Similarly, the long-term debt-to-equity ratio is also 0.45.
NEGG Stock Stochastic Average
Today, Newegg Commerce Inc’s raw stochastic average for the past 50 days stands at 58.59%, indicating a rise from the raw stochastic average of the last 20 days, which was 58.59%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 70.46% and 77.93% respectively.