PMGC Stock Set to Reverse Split on Tuesday, March 10th (NASDAQ:ELAB)

PMGC Holdings Inc. (NASDAQ:ELABFree Report) shares are scheduled to reverse split on Tuesday, March 10th. The 1-6 reverse split was announced on Wednesday, March 4th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, March 9th.

PMGC Stock Down 32.8%

Shares of ELAB opened at $0.71 on Friday. The company has a 50-day simple moving average of $3.06 and a 200-day simple moving average of $14.84. The company has a market capitalization of $2.29 million, a PE ratio of -0.01 and a beta of 1.12. PMGC has a 52-week low of $0.68 and a 52-week high of $114.38.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PMGC in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Read Our Latest Analysis on PMGC

PMGC Company Profile

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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. Elevai Labs, Inc was incorporated in 2020 and is based in Newport Beach, California.

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