NewGenIvf Group Ltd (NASDAQ: NIVF) – Time For Strategy Change?

money audit

NewGenIvf Group Ltd (NASDAQ:NIVF) currently has a daily average trading volume of 335.69K but it saw 812069 shares traded in last market. With a market cap of 6.76M USD, the company’s current market price of $0.67 came rising about 14.39 while comparing to the previous closing price of $0.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.24 and as low as $0.57. In the recent trading on the day, stock has struck highest price mark of $0.55 while lowest mark touched by it was $0.7.

Taking a look at 20-day trading activity of NewGenIvf Group Ltd (NIVF) gives us an average price of $0.7130, while its current price level is -96.14% below from 52-week high level whereas it is 15.83% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.8290. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.90% during that period while stretching the period over a month that decreases to 10.89%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.10 which implies that the stock is in neutral territory.

Over the week, NIVF’s stock price is moving -2.49% down while it is -31.13% when we observe its performance for the past one month. Year-to-date it is -93.89% down and over the past year, the stock is showing a downside performance of -93.57%.

Currently, NewGenIvf Group Ltd’s total number of outstanding shares is 10.15M. Company’s return on investment (ROI) stands at -4.43% and return on equity (ROE) at -1.65%. Stock’s beta reads 0.26. Stock has a price to book (P/B) ratio of 0.16. Its return on asset (ROA) is -1.50% on average.