Tonix Pharmaceuticals stock halted ahead of FDA approval news
DIAMOND BAR, Calif. - Newegg Commerce, Inc. (NASDAQ: NEGG), the technology e-commerce retailer with annual revenues of $1.4 billion and currently trading at $0.45 per share, announced the release of NVIDIA (NASDAQ:NVDA)’s GeForce RTX 5070 Ti GPUs, expanding its e-commerce offerings in the technology sector. According to InvestingPro analysis, the company’s stock has seen significant volatility, declining nearly 47% over the past six months despite trading at attractive revenue multiples. The new GPUs, which are part of NVIDIA’s RTX 50 Series, became available for purchase today at 6:00 am PST. The RTX 5070 Ti is designed to deliver high performance for gamers, content creators, and PC enthusiasts, leveraging NVIDIA’s DLSS 4 and the latest AI features.
In conjunction with the GPU release, Newegg has relaunched its Newegg Shuffle program, which offers customers a fair chance to purchase in-demand products that typically sell out quickly. The program will include select RTX 5070 Ti MSRP models available today from 6:00 am to 12:00 pm PST.
Newegg also continues to operate its Trade-In program, allowing customers to receive credit for older GPUs and CPUs towards the purchase of new technology.
Additionally, Newegg’s in-house brand ABS (ADVANCED BATTLESTATIONS) has introduced a new line of gaming PCs equipped with the RTX 5070 Ti GPUs. These systems, which also feature the latest Intel (NASDAQ:INTC) and AMD (NASDAQ:AMD) CPUs, are available exclusively at Newegg starting today.
Other brands such as Yeyian, MSI, Skytech, XIDAX, CyberPowerPC, and iBUYPOWER are also offering gaming PCs with RTX 50 Series graphics cards, providing a wide range of options for consumers.
The prices for these gaming PCs vary, with ABS systems starting at $2,299.99 and other brands offering models ranging from $2,099.99 to $2,799.00. While Newegg maintains a current ratio of 1.21, indicating adequate liquidity to support its operations, InvestingPro data reveals the company faces challenges with its gross profit margin of 10.7%. InvestingPro subscribers have access to over 10 additional key insights about Newegg’s financial position and market outlook.
Newegg, a global online retailer founded in 2001, is committed to providing the latest technology and value to its customers. With a market capitalization of $173 million and an Altman Z-Score of 3.04 indicating financial stability, the company continues to adapt to market conditions. The company emphasizes that performance claims are based on specific conditions and may vary depending on system configurations and usage. Prices and availability are also subject to change. Detailed financial analysis and additional metrics are available through InvestingPro, which currently shows the stock trading below its Fair Value.
This announcement is based on a press release statement and Newegg’s product offerings can be explored further on their website.
In other recent news, Newegg Commerce, Inc. reported a rapid sell-out of the new NVIDIA GeForce RTX 50 Series GPUs on its platform. The high demand for these graphics cards, which feature advancements in ray tracing and AI upscaling, led to a significant increase in website traffic, reportedly up to tenfold during the launch period. Newegg noted that 18 out of its top 25 product pages were related to the RTX 50 Series, with search queries for specific models like the RTX 5080 and RTX 5090 surging 25-fold compared to the previous week. Despite the quick sell-out, Newegg has assured customers that restocks will be announced in real-time, urging them to follow the company’s social media channels for updates. The company also promotes its GPU Trade-In Program, which encourages sustainability and affordability in gaming by allowing customers to trade in eligible pre-owned graphics cards and CPUs. Additionally, Newegg’s brand, ABS, has launched a lineup of gaming PCs powered by the NVIDIA GeForce RTX 5080 and RTX 5090 GPUs. Newegg’s press release included forward-looking statements, noting potential risks and uncertainties related to market conditions and supply chain disruptions. For further details on product availability and restocks, customers are encouraged to visit Newegg’s dedicated page for the NVIDIA GeForce RTX 50 Series.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.