With 0.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.7 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.4699 whereas the lowest price it dropped to was $0.421. The 52-week range on NEGG shows that it touched its highest point at $1.32 and its lowest point at $0.39 during that stretch. It currently has a 1-year price target of $3.00. Beta for the stock currently stands at 2.16.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NEGG was up-trending over the past week, with a rise of 1.48%, but this was down by -28.77% over a month. Three-month performance dropped to -35.97% while six-month performance fell -57.53%. The stock lost -59.25% in the past year, while it has gained 14.10% so far this year.
Float and Shares Shorts:
At present, 380.41 million NEGG shares are outstanding with a float of 45.21 million shares on hand for trading. On 2024-12-13, short shares totaled 0.71 million, which was 18.000000999999997 higher than short shares on 1731628800. In addition to Mr. Anthony K. Chow as the firm’s Chief Executive Officer, Mr. Faching Chang serves as its Co-Founder & Vice Chairman.
Institutional Ownership:
Through their ownership of 0.00261 of NEGG’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, NEGG reported revenue of $456144000.0 and operating income of -$17620000.0.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NEGG since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
Analysts have provided yearly estimates in a range of -$0.1 being high and -$0.1 being low. For NEGG, this leads to a yearly average estimate of -$0.1. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
