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Newegg Commerce Inc. (NEGG) stock has tumbled to a 52-week low, with shares dropping to a mere $0.24. The company’s market capitalization has shrunk to $93.1 million, while reporting negative EBITDA of -$53.6 million in the last twelve months. This significant downturn in the company’s stock price reflects a challenging period for the online retail giant, which specializes in electronics and computer hardware. Over the past year, Newegg has faced a stark market correction, with revenue declining by 10.38% and the stock price falling by more than 68%. Investors are closely monitoring the company’s performance for signs of a turnaround, but the current low marks a concerning milestone for both the company and its shareholders. InvestingPro analysis suggests the stock may be undervalued at current levels, with 12 additional key insights available to subscribers.
In other recent news, Newegg Commerce, Inc. has announced a reverse stock split of its common shares at a twenty-to-one ratio, effective April 7, 2025. This strategic move aims to ensure compliance with Nasdaq’s minimum price per share requirement for continued listing. All shareholders will be affected proportionally, with fractional shares being exchanged for cash. In product developments, Newegg has begun sales of the AMD (NASDAQ:AMD) Radeon RX 9070 series GPUs, featuring AMD’s latest RDNA 4 architecture and advanced gaming technologies. Additionally, Newegg has released NVIDIA (NASDAQ:NVDA)’s GeForce RTX 5070 Ti GPUs, expanding its offerings in the gaming and content creation sectors. The company also relaunched its Newegg Shuffle program, giving customers a fair chance to purchase in-demand products. In a recent launch, Newegg reported that the new NVIDIA RTX 50 Series GPUs sold out within minutes, highlighting the significant demand for these advanced graphics cards. The company assures customers of real-time restock announcements and continues to promote its GPU Trade-In Program for sustainability and affordability.
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