Newegg (NEGG, Financial) stock experienced significant volatility, with its price increasing by 5.06%. At the latest update, the stock was priced at $0.665 per share, with a volume of 485,306 shares traded, a turnover rate of 0.13%, and a price fluctuation of 8.52%.
Recent financial reports indicate Newegg's revenue stands at $1.497 billion, with a net loss of $58.99 million, translating to an earnings per share (EPS) of -$0.16. The company's gross profit is reported at $154 million, with a price-to-earnings (P/E) ratio of -4.53. Currently, no institutional ratings are available suggesting buy, hold, or sell recommendations for Newegg (NEGG, Financial).
The internet retail industry, where Newegg operates, has seen an overall increase of 1.12%. Notable stocks within this sector include Thredup Inc., Dada Nexus Ltd., and Jowell Global Ltd., which have seen significant gains. Active stocks with notable turnover rates include Jeffs' Brands Ltd., Thredup Inc., and Beyond, Inc. Stocks demonstrating large price swings include Thredup Inc., Linkage Global Inc., and LightInTheBox Holding Co., Ltd., with amplitudes of 29.59%, 16.56%, and 14.42%, respectively.
Newegg Commerce Inc. is an e-commerce company specializing in direct sales and online marketplace platforms for IT computer components, consumer electronics, entertainment, smart home, and gaming products. It also offers certain third-party logistics services worldwide.
