NewGenIvf Group (NASDAQ:NIVF) Stock Price Up 1.5% – Time to Buy?

NewGenIvf Group Limited (NASDAQ:NIVF)’s share price rose 1.5% on Wednesday . The company traded as high as $0.4784 and last traded at $0.4285. Approximately 1,255,105 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 3,000,836 shares. The stock had previously closed at $0.4220.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NewGenIvf Group in a report on Friday, October 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

NewGenIvf Group Stock Performance

The firm has a 50 day moving average of $1.51 and a 200-day moving average of $5.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.17 and a current ratio of 2.21.

Shares of NewGenIvf Group are set to reverse split on Wednesday, December 3rd. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, December 2nd.

NewGenIvf Group Company Profile

NewGenIVF Group Ltd. operates as an assisted reproductive services provider. It focuses on providing fertility treatments to fulfil the dreams of building families. The firm offers in-vitro fertilization treatment service, comprising traditional IVF and egg donation, and surrogacy and ancillary caring services.