Making Sense Of NewGenIvf Group Ltd’s (NASDAQ:NIVF) Volatility

The trading price of NewGenIvf Group Ltd (NASDAQ:NIVF) closed higher on Monday, April 22, closing at $1.28, 66.23% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $17.24 and a 52-week low of $0.63. Over the past month, the stock has lost -84.76% in value.

NewGenIvf Group Ltd, whose market valuation is $4.77 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of NewGenIvf Group Ltd No upward and no downward comments were posted in the last 7 days.

A quick review shows that NIVF’s price is currently -67.29% off the SMA20 and -84.18% off the SMA50. The RSI metric on the 14-day chart is currently showing 25.07, and weekly volatility stands at 29.07%. When measured over the past 30 days, the indicator reaches 37.74%. NewGenIvf Group Ltd (NASDAQ:NIVF)’s beta value is currently sitting at 0.69, while the Average True Range indicator is currently displaying 0.83.

To see how NewGenIvf Group Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: NIVF stock’s performance was 66.23% in the latest trading, and -87.08% in the past year.

An evaluation of the daily trading volume of NewGenIvf Group Ltd (NASDAQ:NIVF) indicates that the 3-month average is 232.89K.

Currently, records show that 3.73 million of the company’s shares remain outstanding. The insiders hold 0.93% of outstanding shares, whereas institutions hold 49.11%. However, since the stock’s price has seen -88.26% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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