Newegg Commerce (NASDAQ:NEGG) Shares Gap Up – Should You Buy?

Shares of Newegg Commerce, Inc. (NASDAQ:NEGG) gapped up prior to trading on Friday . The stock had previously closed at $54.72, but opened at $56.79. Newegg Commerce shares last traded at $53.50, with a volume of 14,843 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Newegg Commerce in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Newegg Commerce Trading Down 3.2%

The stock has a fifty day moving average price of $68.72 and a 200-day moving average price of $52.56. The company has a quick ratio of 0.52, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in shares of Newegg Commerce in the second quarter worth $4,281,000. UBS Group AG lifted its holdings in shares of Newegg Commerce by 242.0% during the 3rd quarter. UBS Group AG now owns 75,482 shares of the company’s stock valued at $3,166,000 after acquiring an additional 53,411 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in Newegg Commerce during the 3rd quarter worth $1,762,000. BNP Paribas Financial Markets acquired a new stake in Newegg Commerce in the 3rd quarter valued at $1,603,000. Finally, XTX Topco Ltd purchased a new position in Newegg Commerce in the third quarter valued at about $1,343,000. Hedge funds and other institutional investors own 0.45% of the company’s stock.

Newegg Commerce Company Profile

Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg’s business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.

In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.