NIP Group Shares Set to Reverse Split on Monday, July 6th (NASDAQ:NIPG)

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) shares are scheduled to reverse split on the morning of Monday, July 6th. The 1-30 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 5th.

NIP Group Stock Performance

NIPG stock opened at $0.28 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $0.54 and a two-hundred day simple moving average of $0.82. NIP Group has a 52-week low of $0.26 and a 52-week high of $2.75.

NIP Group (NASDAQ:NIPG) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $1.01. The company had revenue of $32.68 million for the quarter, compared to the consensus estimate of $55.00 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NIP Group in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, NIP Group has a consensus rating of “Sell”.

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.