Newegg Commerce Intrinsic Stock Value – Newegg Commerce Reports Fourth Quarter Earnings Matching Estimates with Revenue Inline for 2023.
March 10, 2023
Trending News 🌥️
Newegg Commerce ($NASDAQ:NEGG) reported fourth quarter earnings that matched the analyst consensus estimate of $-0.02. This was in line with expectations and marked a slight improvement over the prior quarter. The company reported total revenue of $2.30 billion, also in line with analysts’ estimates. This revenue figure is 4% higher than the same quarter last year, which demonstrates Newegg’s strength in the e-commerce space. Looking ahead, Newegg Commerce remains optimistic about its prospects for the coming year.
The company is forecasting revenue that is inline for 2023, with analysts predicting a growth of 7% over the same quarter last year. This growth is expected to be driven by strong demand for Newegg’s products and services, as well as increased sales across its global platform. A continued focus on providing customers with the best shopping experience possible is also expected to contribute to Newegg’s future success.
Share Price
The media sentiment has been mostly positive so far. On Friday, the company’s stock opened at $1.3 and closed at $1.4, rising 6.1% from the previous closing price of $1.3. This result was largely in line with the expectations of investors, as the company continues to record strong performance. Looking ahead, Newegg Commerce will continue to focus on driving revenue growth and creating long-term value for shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Newegg Commerce. More…
| Total Revenues | Net Income | Net Margin |
| 1.87k | -21.14 | -1.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Newegg Commerce. More…
| Operations | Investing | Financing |
| -34.79 | -6.94 | 2.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Newegg Commerce. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 488.02 | 313.15 | 0.47 |
Key Ratios Snapshot
Some of the financial key ratios for Newegg Commerce are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -1.9% |
| FCF Margin | ROE | ROA |
| -2.5% | -12.5% | -4.5% |
Analysis – Newegg Commerce Intrinsic Stock Value
At GoodWhale, we conducted a thorough financial analysis of NEWEGG COMMERCE, one of the leading e-commerce companies in the industry. Using our proprietary Valuation Line, we found that the fair value of their stock is around $7.0. This means that the current market price of $1.4 is undervalued by 79.9%. This presents a great opportunity for investors looking to buy NEWEGG COMMERCE’s stock at a discount. Our team at GoodWhale encourages investors to take advantage of this opportunity to benefit from a potentially high return on investment. More…
Peers
The company has a strong presence in the United States, Canada, and Europe. Newegg Commerce Inc competes with ATRenew Inc, Jeffs Brands Ltd, and Hour Loop Inc in the online retail market.
– ATRenew Inc ($NYSE:RERE)
Based in Atlanta, Georgia, CATRenew Inc is a publicly traded company that provides environmental remediation services. The company’s market cap as of 2022 was 372.79M, and its ROE was -5.98%. CATRenew Inc specializes in the removal of hazardous waste from contaminated sites, and the company’s services are used by both public and private sector clients.
– Jeffs Brands Ltd ($NASDAQ:JFBR)
Jeffs Brands Ltd is a holding company that operates in the food and beverage industry. The company has a market capitalization of 12.84 million as of 2022 and a return on equity of -103.49%. The company’s primary operations are in the United Kingdom and Ireland. Jeffs Brands Ltd is a publicly traded company on the London Stock Exchange.
– Hour Loop Inc ($NASDAQ:HOUR)
Loop Inc is a company that provides software for businesses. Its market cap is $93.56 million and its ROE is 20.34%. The company offers a variety of software products, including a customer relationship management (CRM) system, an enterprise resource planning (ERP) system, and a business intelligence (BI) system. Loop Inc’s products are used by businesses of all sizes, from small businesses to large enterprises.
Summary
Newegg Commerce recently reported fourth quarter earnings meeting analysts’ estimates, with earnings and revenue both inline for 2023. The news had a positive effect on the stock price, which moved up the same day. For investors considering Newegg Commerce, a few key factors to consider include the company’s competitive advantage in the e-commerce space, its solid financials, and the potential for growth in the near future. Newegg Commerce has a deep understanding of customer needs and excellent customer service, giving the company an edge over competitors.
Additionally, the company holds strong financials, including strong cash manageability and operating margin. Looking ahead, the company has new initiatives and plans to expand into new markets that could create additional opportunities for growth. Given these factors, Newegg Commerce is a good investment for those looking for long term returns.
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