Newegg Commerce (NASDAQ: NEGG) is one of the most remarkable stories in the public markets this week, as the Newegg stock price skyrocketed by 93% this morning alone. This article gives you all the key information you need to know.
This article details everything you need to know before you invest in one of the fastest growing stocks on the public market: Newegg Commerce. We explain what the company is, what its investment prospects are, and what our price target is.
For those of you who want to buy Newegg shares straightaway, scroll down to the section immediately below to see our list of the two best places to buy, sell and trade Newegg Commerce stock in the UK and elsewhere.
How & where to buy Newegg Commerce shares online
If you want to invest in NEGG stock, check out the two platforms below. Our team of analysts have determined that these two stock brokers offer some of the lowest fees and best service around.
Simply choose one that works for you, sign up, deposit funds and purchase Newegg Commerce shares. Here are our two top picks:
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What is Newegg Commerce?
Founded in 2001 by Fred Chang, and based in California, it is an online retailer of computer hardware and consumer electronics products.
Back in 2016, a major Chinese tech player, Liaison Interactive, acquired a majority stake in Newegg in a deal. The company only became public on May 20th following a reverse merger with a special purpose acquisition company (SPAC).
On Tuesday, four models of NVIDIA’s scarce GeForce RTX graphics cards were available on Newegg Shuffle, the company’s product lottery for popular products. Consequently, investors were impressed by Newegg’s ability to secure inventory – even when competing with major rivals – and they feel this bodes well for the future of the company.
Should I buy NEGG shares right now?
If you are looking for a high-risk growth stock that could deliver serious returns, and volatility doesn’t put you off, NEGG stock could be a good buy right now.
NEGG price target
Our 12-month Newegg Commerce price prediction was an average price of $44.00, though the company already shot up to nearly $70 per share this morning.