Newegg Commerce Inc. (NEGG, Financial), experienced a significant stock plunge of 5.69%. The stock is currently priced at $0.613 per share, with a trading volume of approximately 285,616 shares, a turnover rate of 0.07%, and a price fluctuation of 5.68%.
Recent financial reports reveal that Newegg generated $1.497 billion in revenue but reported a net loss of $58.99 million. The earnings per share stand at -$0.16, with a gross profit of $154 million and a negative price-to-earnings ratio of 4.17.
There are currently no investment ratings such as "buy," "hold," or "sell" from any financial institutions for Newegg. Within the internet retail industry, the overall stock decline was 1.38%, although some stocks like Nft Limited and Thredup Inc. saw notable gains.
Newegg Commerce Inc. is a leading e-commerce company offering direct sales and an online marketplace for IT components, consumer electronics, entertainment, smart home, and gaming products, along with specific global third-party logistics services.
