Newegg (NEGG, Financial) experienced a significant stock price drop of 5.23%. The stock is currently trading at $0.631 per share, with a trading volume of 323,160 shares and a turnover rate of 0.08%. Its price volatility stands at 5.47%.
Recent financial reports reveal that Newegg achieved a revenue of $1.497 billion, but with a net loss of $58.99 million, translating to an earnings per share of -$0.16. The company's gross profit was $154 million, resulting in a negative price-to-earnings (P/E) ratio of -4.32. Notably, there are currently no institutional ratings recommending the stock as a buy, hold, or sell.
Within the internet retail sector, Newegg's performance contrasts with the overall unchanged industry trend. Some related companies like Webuy Global Ltd. and Nft Limited have shown notable increases. Webuy Global Ltd. also leads in market activity with a turnover rate of 159.40% and a price volatility of 63.69%.
Newegg Commerce Inc. is an e-commerce company offering direct sales and an online marketplace platform for IT computer components, consumer electronics, entertainment products, smart home devices, and gaming products. The company also provides certain third-party logistics services globally.
