NewGenIvf Group Ltd (NASDAQ: NIVF)’s stock price has gone rise by 1.69 in comparison to its previous close of 1.18, however, the company has experienced a 22.45% increase in its stock price over the last five trading days. globenewswire.com reported 2024-10-14 that BANGKOK, Oct. 14, 2024 (GLOBE NEWSWIRE) — NewGenIvf Group Limited (NASDAQ: NIVF) (“NewGen” or the “Company”), today announced that on October 8, 2024, the Company received a letter (the “Deficiency Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is currently not in compliance with the closing bid price requirement under Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Rule”).
Is It Worth Investing in NewGenIvf Group Ltd (NASDAQ: NIVF) Right Now?
The 36-month beta value for NIVF is at 0.30.
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The public float for NIVF is 4.01M, and currently, shorts hold a 2.33% of that float. The average trading volume for NIVF on October 21, 2024 was 3.84M shares.
NIVF’s Market Performance
NIVF’s stock has seen a 22.45% increase for the week, with a 90.08% rise in the past month and a 32.71% gain in the past quarter. The volatility ratio for the week is 108.59%, and the volatility levels for the past 30 days are at 35.57% for NewGenIvf Group Ltd The simple moving average for the last 20 days is 48.17% for NIVF’s stock, with a simple moving average of -69.74% for the last 200 days.
NIVF Trading at 49.09% from the 50-Day Moving Average
After a stumble in the market that brought NIVF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -93.04% of loss for the given period.
Volatility was left at 35.57%, however, over the last 30 days, the volatility rate increased by 108.59%, as shares surge +85.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.58% upper at present.
During the last 5 trading sessions, NIVF rose by +22.45%, in comparison to the 20-day moving average, which settled at $0.8099. In addition, NewGenIvf Group Ltd saw -88.99% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NIVF
The total capital return value is set at -0.11. Equity return is now at value -1.65, with -1.50 for asset returns.
Based on NewGenIvf Group Ltd (NIVF), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -0.2.
Currently, EBITDA for the company is -2.52 million with net debt to EBITDA at -0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.02.
Conclusion
In conclusion, NewGenIvf Group Ltd (NIVF) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
