Newegg Commerce Inc (NASDAQ: NEGG) is 112.24% higher on its value in year-to-date trading and has touched a low of $3.32 and a high of $28.82 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NEGG stock was last observed hovering at around $28.73 in the last trading session, with the day’s gains setting it 20.51%.
Currently trading at $49.24, the stock is 202.10% and 377.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.14 million and changing 71.39% at the moment leaves the stock 407.24% off its SMA200. NEGG registered 521.09% gain for a year compared to 6-month gain of 403.06%. The firm has a 50-day simple moving average (SMA 50) of $10.305 and a 200-day simple moving average (SMA200) of $9.7125.
The stock witnessed a 295.50% loss in the last 1 month and extending the period to 3 months gives it a 1152.93%, and is 196.81% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 35.63% over the week and 21.80% over the month.
Distance from 52-week low is 1383.09% and 70.85% from its 52-week high.
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Newegg Commerce Inc (NEGG) Top Institutional Holders
18.0 institutions hold shares in Newegg Commerce Inc (NEGG), with institutional investors hold 0.56% of the company’s shares. The shares outstanding are 19.02M, and float is at 0.44M with Short Float at 135.92%. Institutions hold 0.43% of the Float.
The top institutional shareholder in the company is GEODE CAPITAL MANAGEMENT, LLC with over 0.46 million shares valued at $0.42 million. The investor’s holdings represent 0.118% of the NEGG Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 0.15 million shares valued at $0.14 million to account for 0.0398 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 0.14 million shares representing 0.0359% and valued at over $0.13 million, while GROUP ONE TRADING, L.P. holds 0.0182 of the shares totaling 70540.0 with a market value of $64036.0.
