Fubotv earnings beat by $0.10, revenue topped estimates
Newegg Commerce Inc. stock reached a significant milestone by hitting a 52-week high of 69.9 USD, marking a dramatic rise from its 52-week low of 3.32 USD. According to InvestingPro analysis, the stock appears overvalued at current levels, with a market capitalization of $1.3 billion. This surge represents a remarkable 278% increase over the last twelve months, with an even more striking 571% gain in the past six months. While the company maintains a healthy balance sheet with more cash than debt, InvestingPro data reveals challenges with profitability, showing negative earnings of -$2.25 per share in the last twelve months. As Newegg continues to expand its market presence, stakeholders remain optimistic about its future growth potential, despite the company’s current gross profit margin of 10.6%. InvestingPro subscribers can access 9 additional exclusive tips and comprehensive financial metrics to make more informed investment decisions.
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