The stock of NIP Group (NIPG, Financial) experienced significant volatility with a sharp decline of 5.30%. The stock is currently priced at $6.25 per share, with a trading volume of 45,649 shares and a turnover rate of 0.08%. The stock has shown an amplitude of 7.12%.
In the latest financial report, NIPG recorded a revenue of $83.67 million but reported a net loss of $13.26 million, resulting in an earnings per share (EPS) of -$1.02. The gross profit stood at $7.20 million, with a negative price-to-earnings (P/E) ratio of -4.77. Currently, there are no institutional ratings for buying, holding, or selling this stock.
Within the entertainment industry, where NIPG operates, the overall growth is 0.64%. Notably, stocks such as Multimetaverse Holdings Limited, Liveone, Inc., and Mega Matrix Inc. have seen significant gains. Meanwhile, Color Star Technology, AMC Theatres, and Endeavor Group are showing high activity levels with turnover rates of 19.82%, 4.51%, and 1.46%, respectively. Multimetaverse Holdings Limited, Alliance Entertainment Holding Corp, and Color Star Technology are notable for their high volatility, with amplitudes of 23.68%, 15.11%, and 14.47%.
NIP Group is an esports organization operating in Asia, Europe, and South America. It manages two esports brands: Ninjas in Pyjamas, a PC/console esports brand, and eStar Gaming, a mobile esports brand. The company's operations are divided into two reportable segments: the People's Republic of China and other entities, with the majority of its revenue derived from these regions.
