NIP Group (NASDAQ:NIPG) Posts Earnings Results

NIP Group (NASDAQ:NIPG) announced its earnings results on Wednesday. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $1.01, FiscalAI reports. The business had revenue of $32.68 million for the quarter, compared to analyst estimates of $55.00 million.

NIP Group Stock Down 2.9%

Shares of NIP Group stock opened at $0.63 on Friday. The company has a 50 day moving average of $0.75 and a 200-day moving average of $1.05. NIP Group has a 1-year low of $0.63 and a 1-year high of $2.75.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of NIP Group in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, NIP Group presently has a consensus rating of “Hold” and a consensus target price of $6.00.

About NIP Group

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.