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Stock impact report

Newegg Commerce: Fundamentals Do Not Justify The Valuation, Sell [Seeking Alpha]

Newegg Commerce, Inc. - Common Shares (NEGG) 
Company Research Source: Seeking Alpha
Despite a recent sales uptick from GPU and CPU demand, NEGG remains unprofitable and faces tight margins and elevated inventory risks. The stock's volatility is fueled by social media, AI-related excitement, and association with NVDA products, but the business model remains unsustainable. I recommend selling NEGG, as its fundamentals do not justify the current valuation and long-term investors should avoid chasing the momentum. JHVEPhoto/iStock Editorial via Getty Images Introduction Newegg Commerce ( NEGG ) has seen an amazing turnaround in its share price this past year, something that cannot be said about its financial situation. It seems the company is yet another meme stock that This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiv Show less Read more
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