Market Performance
Newegg Commerce (NEGG) closed at a price 1.88 % higher during a 24‑hour period ending 05:56 PM Central Europe on Wednesday, 21 March 2024.
- Current trading price: US $10.69.
- Shares outstanding: 21 million.
- Market capitalization: US $222.7 million.
- Volume traded in the last 24 hours: US $304 000.
- Since the end of the previous month, the stock has fallen 22.44 %.
- 200‑day simple moving average: US $28.22.
- 52‑week high: US $96.29 (10 November 2025).
- 52‑week low: US $10.34 (14 October 2026).
Recent Corporate Actions
Newegg Commerce announced the closing of a new senior credit facility. The facility is led by East West Bank and includes a syndicate of lenders, replacing an earlier arrangement that matured earlier in the year. This financing is intended to support ongoing investment in e‑commerce innovation, artificial‑intelligence capabilities, and supplier partnerships.
A major shareholder, identified as a ten‑percent owner and director, reported the sale of a small number of common shares. The transaction did not materially affect ownership levels; overall share ownership remains stable. No other significant corporate actions or changes in executive compensation were disclosed.
Comparative Stock Performance (Last 24 Hours)
| Symbol | % Change | Current Price (US $) | Market Cap (US $ million) | P/E Ratio |
|---|---|---|---|---|
| WNEB | +1.2 % | 13.44 | 264.9 | 16.09 |
| FXNC | +0.92 % | 29.38 | 265.9 | 12.35 |
| CLCHF | 0 % | 0.80 | 266.5 | – |
| CATLU | 0 % | 9.95 | 266.3 | – |
| SERV | –0.97 % | 3.02 | 266.9 | – |
Note on CATL Earnings
Contemporary Amperex Technology Co. Ltd. (CATL) reported its third‑quarter earnings on 20 October. Net profit rose 14.5 % year‑on‑year to about 21 billion yuan, below the market expectation of 41 %. Revenue increased 58.6 % to 165 billion yuan, short of the 60 % forecast. The results reflect pressure from a cooling domestic auto market and heightened competition in the electric‑vehicle battery sector. Despite the weaker performance, management reiterated confidence in the company’s long‑term growth prospects for its global battery and energy‑storage business.
Company Overview
Newegg Commerce, Inc. is an e‑commerce company that operates a direct‑sales platform and an online marketplace for IT computer components, consumer electronics, entertainment, smart home, and gaming products. The company serves customers in North America and is accessible via www.newegg.com . Newegg Commerce trades on the Nasdaq stock exchange and was listed on 22 April 2010.
