Why is Newegg stock going up?
Newegg has seen great success so far, with the esteem of its computer products and the allure of its logistics services attracting plenty of retail investors and traders to its young stock.
Is Newegg stock a good buy?
Is Newegg Commerce, Inc. stock A Buy? Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Newegg Commerce, Inc. stock to perform well in the short-term.
Why is Newegg stock so low?
The global shortage of semiconductor manufacturing capacity is limiting the supply of consumer technology devices and computer parts, which restricts Newegg's most important sales channels.Oct 7, 2021
Is Newegg stock overpriced?
Newegg Commerce Inc. is significantly overvalued based on fundamentals, peer comparisons and management estimates. Investors should avoid this stock as the price will plunge back to reality.Jul 8, 2021
Is Newegg profitable?
The filing stated that Newegg has been profitable every year since 2001 and generated sales of $2.1 billion in 2008. The company's largest outside shareholder is New York-based venture-capital firm Insight Venture Partners.
When is Newegg Commerce's next earnings date?
Newegg Commerce is scheduled to release its next quarterly earnings announcement on Wednesday, March 30th 2022. View our earnings forecast for New...
Who are Newegg Commerce's key executives?
Newegg Commerce's management team includes the following people: Anthony Chow , Chief Executive Officer & Director Jamie Spannos , Chief Operati...
Who are some of Newegg Commerce's key competitors?
Some companies that are related to Newegg Commerce include Petco Health and Wellness (WOOF) , EVgo (EVGO) , Sally Beauty (SBH) , 1-800-FLOWERS....
What is Newegg Commerce's stock symbol?
Newegg Commerce trades on the NASDAQ under the ticker symbol "NEGG."
Who are Newegg Commerce's major shareholders?
Newegg Commerce's stock is owned by a number of retail and institutional investors. Top institutional investors include Penserra Capital Management...
Which major investors are selling Newegg Commerce stock?
NEGG stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Susquehanna International Group LL...
Which major investors are buying Newegg Commerce stock?
NEGG stock was bought by a variety of institutional investors in the last quarter, including Penserra Capital Management LLC, D. E. Shaw & Co. Inc....
How do I buy shares of Newegg Commerce?
Shares of NEGG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBul...
What is Newegg Commerce's stock price today?
One share of NEGG stock can currently be purchased for approximately $5.51.
What stocks does MarketBeat like better than Newegg Commerce?
Wall Street analysts have given Newegg Commerce a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Newegg Commerce wasn't one of them.
When is Newegg Commerce's next earnings date?
Newegg Commerce is scheduled to release its next quarterly earnings announcement on Thursday, September 30th 2021.#N#View our earnings forecast for Newegg Commerce.
What guidance has Newegg Commerce issued on next quarter's earnings?
Newegg Commerce updated its FY 2021 earnings guidance on Monday, September, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.40 billion-$2.40 billion.
Who are some of Newegg Commerce's key competitors?
Some companies that are related to Newegg Commerce include Secoo (SECO), Takung Art (TKAT), NovelStem International (NSTM), National Waste Management (NWMH), Able Energy (ABLE), High Tide (HITI) and SpendSmart Networks (SSPC).#N#View all of NEGG's competitors.
Who are Newegg Commerce's major shareholders?
Newegg Commerce's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (3.08%), Susquehanna International Group LLP (0.98%), MYDA Advisors LLC (0.86%), Schonfeld Strategic Advisors LLC (0.64%), Ground Swell Capital LLC (0.57%) and Goldman Sachs Group Inc. (0.49%).
Which institutional investors are buying Newegg Commerce stock?
NEGG stock was bought by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, Susquehanna International Group LLP, MYDA Advisors LLC, Schonfeld Strategic Advisors LLC, Ground Swell Capital LLC, Goldman Sachs Group Inc., Morgan Stanley, and Morgan Stanley.
How do I buy shares of Newegg Commerce?
Shares of NEGG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.#N#Compare Top Brokerages Here.
Massive e-tailer Newegg offering same-day delivery in SoCal
Los Angeles-based online retailer Newegg, which specializes in delivery of tech-focused items like computer hardware and consumer electronics, announced that it will now offer same-day delivery to custo...
Newegg Now Offers Same-Day Delivery in Southern California
LOS ANGELES-- (BUSINESS WIRE)---- $NEGG #Newegg--Newegg now offers same-day delivery to Southern California customers via its growing fleet of Newegg Express delivery vehicles
Investors Cheer Newegg Commerce 1H Earnings
Newegg Commerce Inc (NASDAQ: NEGG) reported the first-half FY21 sales growth of 39.9% year-on-year, to $1.21 billion. Gross profit increased 33.9% Y/Y to $166.9 million with a profit margin of 13.8%.
Newegg Announces First Half 2021 Financial Results
LOS ANGELES-- (BUSINESS WIRE)---- $NEGG #earnings--Newegg Announces First Half 2021 Financial Results
Newegg Has Value Far Beyond Its Meme-Stock Status
Newegg now accepts at least three popular digital tokens. The company's a pioneer, and NEGG stock has value far beyond its meme-stock status.
Back-to-School PC Sales Should Give Newegg Stock New Strength
NEGG stock slipped again yesterday, but there is good news for this e-commerce company, with back-to-school shopping ramping up. The post Back-to-School PC Sales Should Give Newegg Stock New Strength ap...
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Signals & Forecast
Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Newegg Commerce, Inc.
Support, Risk & Stop-loss
Newegg Commerce, Inc. finds support from accumulated volume at $17.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Newegg Commerce, Inc. stock A Buy?
Newegg Commerce, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
What happened
Shares of Newegg Commerce ( NASDAQ:NEGG), a consumer electronics-focused online retailer, soared 41.7% on Tuesday, powered by news that delighted gamers in search of hard-to-get NVIDIA ( NASDAQ:NVDA) GeForce RTX GPUs (graphics processing units).
So what
On Tuesday, four models of NVIDIA's hard-to-find GeForce RTX graphics cards were available on Newegg Shuffle, which is its product lottery for popular products, according to Tech Radar. The models were reportedly the RTX 3060, RTX 3070, RTX 3070 Ti, and RTX 3090.
Now what
It makes sense that investors viewed it as a positive that Newegg has a stock of popular NVIDIA graphics cards, while other big retailers are sold out. It's possible this could also suggest the company could be more successful than some peers in obtaining inventory of other select products that are in demand.
