Despite Newegg Commerce's share price surge, its declining r...
Despite Newegg Commerce's share price surge, its declining revenue and industry's projected growth may make its current P/S ratio seem unjustified. Unless conditions improve significantly, investors may struggle to see the share price as fair value.
There's Reason For Concern Over Newegg Commerce, Inc.'s (NASDAQ:NEGG) Massive 27% Price Jump
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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