Newegg Commerce (NASDAQ:NEGG) Shares Down 7.2% – What’s Next?

Newegg Commerce, Inc. (NASDAQ:NEGG) shares dropped 7.2% on Wednesday . The stock traded as low as $48.48 and last traded at $49.2650. Approximately 70,885 shares were traded during trading, a decline of 3% from the average daily volume of 72,922 shares. The stock had previously closed at $53.10.

Analyst Upgrades and Downgrades

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

Newegg Commerce Trading Up 0.8%

The firm’s 50 day moving average is $67.19 and its two-hundred day moving average is $54.82. The company has a quick ratio of 0.52, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new stake in Newegg Commerce in the third quarter valued at approximately $30,000. FNY Investment Advisers LLC acquired a new stake in Newegg Commerce in the 2nd quarter valued at $64,000. Bank of America Corp DE increased its stake in Newegg Commerce by 10,675.0% during the 2nd quarter. Bank of America Corp DE now owns 10,775 shares of the company’s stock valued at $175,000 after purchasing an additional 10,675 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Newegg Commerce during the third quarter worth $207,000. Finally, Quantum Private Wealth LLC bought a new position in shares of Newegg Commerce in the third quarter valued at $210,000. 0.45% of the stock is owned by institutional investors.

About Newegg Commerce

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.