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Newegg Commerce Inc. (NEGG) stock has hit a 52-week low, dropping to a price level of $0.25. This significant downturn reflects a challenging period for the online retail company, which specializes in electronics and has faced intense competition and market pressures. InvestingPro data reveals concerning fundamentals, with revenue declining 10.4% and negative EBITDA of $53.6 million in the last twelve months. Over the past year, the stock has seen a dramatic decline, with Dehaier Medical (TASE:BLWV) Systems, which operates in a similar sector, experiencing a 1-year change of -64.86%. This stark decrease underscores the broader headwinds faced by tech and e-commerce firms as they navigate a complex economic landscape marked by supply chain disruptions and shifting consumer spending habits. Despite current challenges, InvestingPro analysis suggests the stock is undervalued at current levels, with 13 additional exclusive insights available to subscribers.
In other recent news, Newegg Commerce, Inc. has announced a reverse stock split of its common shares to meet Nasdaq’s minimum listing requirements. This corporate action, approved by the board and shareholders, aims to reduce the number of outstanding shares while increasing the share price. Additionally, Newegg has launched the AMD (NASDAQ:AMD) Radeon RX 9070 series GPUs, featuring advanced gaming and content creation capabilities. The new GPUs, available from various manufacturers, are supported by Newegg’s GPU Trade-In Program, which encourages upgrading by offering credit for older models. Newegg has also expanded its offerings with the release of NVIDIA (NASDAQ:NVDA)’s GeForce RTX 5070 Ti GPUs and relaunched its Newegg Shuffle program to manage high demand. The RTX 50 Series GPUs, including the 5070 Ti, sold out within minutes of their release, highlighting a significant spike in consumer interest. Newegg’s own brand, ABS, introduced gaming PCs equipped with these new GPUs, further catering to technology enthusiasts. The company assures customers of future restocks and encourages them to follow updates on social media.
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