PMGC (NASDAQ:ELAB) Trading Down 2% – Here’s Why

PMGC Holdings Inc. (NASDAQ:ELAB) dropped 2% during trading on Wednesday . The company traded as low as $1.92 and last traded at $1.99. Approximately 346,064 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 8,056,570 shares. The stock had previously closed at $2.03.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised PMGC from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

PMGC Trading Down 2.0%

The business has a 50 day moving average of $2.14 and a 200-day moving average of $3.73. The firm has a market capitalization of $2.95 million, a P/E ratio of 0.00 and a beta of 0.17.

About PMGC

Elevai Labs, Inc, a skincare development company, designs, manufactures, and markets skincare products. Its products include Empower and Enfinity post-skincare procedure care serums for the face, neck, and upper chest regions. The company was formerly known as Reactive Medical Labs Inc and changed its name to Elevai Labs, Inc in December 2021.