NIP Group (NASDAQ:NIPG) Issues Quarterly Earnings Results

NIP Group (NASDAQ:NIPG) posted its quarterly earnings results on Wednesday. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $1.01, FiscalAI reports. The company had revenue of $32.68 million during the quarter, compared to analyst estimates of $55.00 million.

NIP Group Price Performance

NASDAQ NIPG opened at $0.65 on Thursday. NIP Group has a 1-year low of $0.63 and a 1-year high of $2.75. The firm’s fifty day simple moving average is $0.75 and its 200-day simple moving average is $1.06.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NIP Group in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.00.

NIP Group Company Profile

Our mission is to create transformative esports experiences that entertain, inspire and connect fans across the globe. Our vision is to become the premier esports organization in the world. We are a leading esports organization with the most expansive global footprint by virtue of our operations across Asia, Europe and South America, according to the Frost & Sullivan Report. Among the top ten esports titles in the world in terms of prize pool, our wins in tier-1 world tournaments in CS:GO, Honor of Kings, Rainbow Six and FIFA represent more unique game titles with top-tier wins than any other esports organization as of January 31, 2023, according to the Frost & Sullivan Report.