Newegg Commerce Inc (NASDAQ:NEGG) shares, rose in value, with the stock price up by 15.71% to the previous day’s close as strong demand from buyers drove the stock to $25.13.
Actively observing the price movement in the recent trading, the stock is buoying the session at $21.72, falling within a range of $21.72 and $25.5467. The value of beta (5-year monthly) is 3.092. Referring to stock’s 52-week performance, its high was $23.40, and the low was $3.32. On the whole, NEGG has fluctuated by 83.58% over the past month.
With the market capitalization of Newegg Commerce Inc currently standing at about $487.47 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2023-Aug-29.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NEGG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of NEGG currently trading nearly 77.08% and 169.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 80.85, while the 7-day volatility ratio is showing 14.69% which for the 30-day chart, stands at 19.84%. Furthermore, Newegg Commerce Inc (NEGG)’s beta value is 3.04.
A comparison of Newegg Commerce Inc (NEGG) with its peers suggests the former has fared considerably weaker in the market. NEGG showed an intraday change of 15.71% in today’s session so far, and over the past year, it grew by 217.00%%.
Data on historical trading for Newegg Commerce Inc (NASDAQ:NEGG) indicates that the trading volumes over the past 10 days have averaged 0.49 and over the past 3 months, they’ve averaged 557.01K. According to company’s latest data on outstanding shares, there are 19.02 million shares outstanding.
Nearly 97.12% of Newegg Commerce Inc’s shares belong to company insiders and institutional investors own 0.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.36 million shares as on 2025-06-13, resulting in a short ratio of 0.33. According to the data, the short interest in Newegg Commerce Inc (NEGG) stood at 194.00 of shares outstanding as of 2025-06-13; the number of short shares registered in 2025-05-15 reached 0.15 million. The stock has risen by 15.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NEGG stock heading into the next quarter.
