Newegg Commerce (NASDAQ:NEGG) Shares Gap Up – Time to Buy?

Newegg Commerce, Inc. (NASDAQ:NEGG)’s stock price gapped up before the market opened 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 trading hands.

Analyst Ratings Changes

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

Newegg Commerce Price Performance

The company has a current ratio of 1.25, a quick ratio of 0.52 and a debt-to-equity ratio of 0.41. The business has a 50-day simple moving average of $68.60 and a 200 day simple moving average of $52.01.

Institutional Trading of Newegg Commerce

Several large investors have recently added to or reduced their stakes in NEGG. Marshall Wace LLP bought a new position in Newegg Commerce in the 2nd quarter worth $4,281,000. UBS Group AG increased its position in shares of Newegg Commerce by 242.0% during the third quarter. UBS Group AG now owns 75,482 shares of the company’s stock valued at $3,166,000 after buying an additional 53,411 shares during the period. Hussman Strategic Advisors Inc. bought a new position in Newegg Commerce in the third quarter worth about $1,762,000. BNP Paribas Financial Markets purchased a new stake in Newegg Commerce in the third quarter worth about $1,603,000. Finally, XTX Topco Ltd bought a new stake in Newegg Commerce during the 3rd quarter valued at approximately $1,343,000. 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.