Newegg Commerce (NASDAQ:NEGG) Trading 8.1% Higher – Time to Buy?

Newegg Commerce, Inc. (NASDAQ:NEGG)’s share price was up 8.1% during trading on Monday . The stock traded as high as $18.62 and last traded at $18.5040. Approximately 44,210 shares traded hands during trading, a decline of 44% from the average session volume of 79,625 shares. The stock had previously closed at $17.12.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Newegg Commerce Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 1.71. The firm’s 50 day moving average price is $15.91 and its 200-day moving average price is $31.27.

Insiders Place Their Bets

In other Newegg Commerce news, Director Fred Faching Chang sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $19.40, for a total transaction of $388,000.00. Following the transaction, the director owned 3,186,646 shares in the company, valued at approximately $61,820,932.40. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 132,414 shares of company stock valued at $2,728,586. Corporate insiders own 22.90% of the company’s stock.

Institutional Trading of Newegg Commerce

A number of institutional investors and hedge funds have recently made changes to their positions in NEGG. Marshall Wace LLP purchased a new position in Newegg Commerce during the second quarter valued at $4,281,000. UBS Group AG raised its position in shares of Newegg Commerce by 242.0% during the 3rd quarter. UBS Group AG now owns 75,482 shares of the company’s stock worth $3,166,000 after purchasing an additional 53,411 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Newegg Commerce during the 4th quarter worth about $2,042,000. BNP Paribas Financial Markets purchased a new position in Newegg Commerce in the 3rd quarter valued at about $1,603,000. Finally, XTX Topco Ltd purchased a new position in Newegg Commerce in the 3rd quarter valued at about $1,343,000. 0.45% of the stock is currently owned by hedge funds and other 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.