Newegg Commerce Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $2.15 on 12/04/23 and a low of $0.52 for the same time frame on 11/01/23.
52-week price history of NEGG Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Newegg Commerce Inc’s current trading price is -61.40% away from its 52-week high, while its distance from the 52-week low is 60.83%. The stock’s price range during the 52-week period has remained between $0.52 and $2.15. In the Consumer Cyclical sector, the company’s shares saw a trading volume of around 2.63 million for the day, which was evidently higher than the average daily volume of 0.82 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Newegg Commerce Inc (NEGG) has experienced a quarterly decline of -3.38% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 316.83M and boasts a workforce of 932 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.8898, with a change in price of +0.0564. Similarly, Newegg Commerce Inc recorded 784,227 in trading volume during the last 100 days, posting a change of +7.20%.
Examining NEGG’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for NEGG stands at 0.63. Similarly, the long-term debt-to-equity ratio is also 0.48.
NEGG Stock Stochastic Average
Newegg Commerce Inc’s raw stochastic average for the past 50 days is presently 27.26%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 65.19%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 44.69% and 37.47%, respectively.
NEGG Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The index has shown a price loss of -34.13% this year. Over the last six months, there has been a stronger performance of -24.55%. The price of NEGG leaped by -1.60% during the last 30 days period. For the last 5-days stocks have improved 13.65%.
