Newegg Commerce Inc
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Consumer Discretionary : Internet & Direct Marketing Retail | Small Cap Value
Company profile

Newegg Commerce, Inc. is a technology-focused e-commerce company in North America. The Company has developed an online marketplace that delivers value to consumers, brands, and sellers in the technology products sector. It operates business-to-consumer (B2C) platforms, business-to-business (B2B) operations, and other online platforms. Its B2C platform focuses on selling information technology (IT) products, through its platforms, namely Newegg.Com, Newegg.Ca, And Newegg Global. The Company’s B2B platform focuses on providing office and IT equipment, through its neweggbusiness.com platform. Its platforms offer a suite of e-commerce solutions, including product listing, fulfillment, marketing, customer service and other value-added tools and services. The Company’s product categories offered through its platforms, such as computer system, components, electronics, gaming, networking and smart home, office solutions, software and services, automotive and industrial, and health and sports.

Closing Price
$2.02
Day's Change
0.06 (3.06%)
Bid
--
Ask
--
B/A Size
--
Day's High
2.12
Day's Low
1.94
Volume
(Light)
Volume:
975,007

10-day average volume:
9,450,430
975,007

Marathon Digital Holdings, Inc. (MARA) Stock Jumps 30.9%: Will It Continue to Soar?

3:22 pm ET January 13, 2023 (Zacks) Print

Marathon Digital Holdings, Inc. (MARA) shares soared 30.9% in the last trading session to close at $7.03. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.8% gain over the past four weeks.

The stock recorded price increase in response to the rebound in crypto markets.

This company is expected to post quarterly loss of $0.12 per share in its upcoming report, which represents a year-over-year change of -133.3%. Revenues are expected to be $45.33 million, down 24.8% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For Marathon Digital Holdings, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on MARA going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Marathon Digital Holdings, Inc. belongs to the Zacks Technology Services industry. Another stock from the same industry, Aptiv PLC (APTV), closed the last trading session 2.4% higher at $101.67. Over the past month, APTV has returned 2.8%.

For Aptiv PLC, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.21. This represents a change of +116.1% from what the company reported a year ago. Aptiv PLC currently has a Zacks Rank of #3 (Hold).

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Marathon Digital Holdings, Inc. (MARA): Free Stock Analysis Report
 
Aptiv PLC (APTV): Free Stock Analysis Report

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