NIP Group (NASDAQ:NIPG – Get Free Report) had its target price lowered by equities researchers at Maxim Group from $12.00 to $6.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Maxim Group’s price target would indicate a potential upside of 354.55% from the company’s previous close.
NIP Group Stock Performance
Shares of NIPG stock opened at $1.32 on Tuesday. The company’s 50 day moving average price is $1.70 and its two-hundred day moving average price is $4.02. NIP Group has a 52 week low of $0.99 and a 52 week high of $17.76.
Institutional Trading of NIP Group
A hedge fund recently bought a new stake in NIP Group stock. XTX Topco Ltd bought a new stake in NIP Group Inc. (NASDAQ:NIPG – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,542 shares of the company’s stock, valued at approximately $40,000.
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.
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