Newegg Commerce (NASDAQ:NEGG) Stock Price Down 6.9% – Should You Sell?

Newegg Commerce, Inc. (NASDAQ:NEGG) shares traded down 6.9% during mid-day trading on Friday . The company traded as low as $44.23 and last traded at $44.46. Approximately 39,955 shares were traded during trading, a decline of 26% from the average daily volume of 53,902 shares. The stock had previously closed at $47.73.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Newegg Commerce in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Newegg Commerce Trading Down 6.9%

The company has a quick ratio of 0.52, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The firm has a 50 day simple moving average of $51.17 and a two-hundred day simple moving average of $58.97.

Hedge Funds Weigh In On Newegg Commerce

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in shares of Newegg Commerce in the 3rd quarter worth $30,000. Royal Bank of Canada raised its holdings in Newegg Commerce by 5,472.2% during the fourth quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock worth $51,000 after purchasing an additional 985 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Newegg Commerce in the fourth quarter valued at about $251,000. Qube Research & Technologies Ltd purchased a new stake in Newegg Commerce in the 3rd quarter valued at approximately $207,000. Finally, Quantum Private Wealth LLC purchased a new stake in Newegg Commerce in the 3rd quarter valued at approximately $210,000. Hedge funds and other 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.