With 10.15M Outstanding Shares, Can NewGenIvf Group Ltd (NASDAQ: NIVF) Deliver Big Short-Term Gains?

NewGenIvf Group Ltd (NASDAQ:NIVF) currently has a daily average trading volume of 3.59M but it saw 11462257 shares traded in last market. With a market cap of 12.38M USD, the company’s current market price of $1.22 came falling about -37.76 while comparing to the previous closing price of $1.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.24 and as low as $0.55. In the recent trading on the day, stock has struck highest price mark of $1.2 while lowest mark touched by it was $2.2701.

Taking a look at 20-day trading activity of NewGenIvf Group Ltd (NIVF) gives us an average price of $0.7548, while its current price level is -92.92% below from 52-week high level whereas it is 121.82% 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 $0.7905. A closer look into the stock’s movement over the week reveals that its volatility is standing at 102.61% during that period while stretching the period over a month that decreases to 32.08%. 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 57.85 which implies that the stock is in neutral territory.

Over the week, NIVF’s stock price is moving 108.87% up while it is 82.09% when we observe its performance for the past one month. Year-to-date it is -88.81% down and over the past year, the stock is showing a downside performance of -88.35%.

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 0.29. Its return on asset (ROA) is -1.50% on average.