Maxim Group Begins Coverage on NIP Group (NASDAQ:NIPG)

Equities researchers at Maxim Group began coverage on shares of NIP Group (NASDAQ:NIPG) in a report released on Thursday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $12.00 price target on the stock. Maxim Group’s target price points to a potential upside of 73.91% from the company’s previous close.

NIP Group Stock Performance

NIP Group stock opened at $6.90 on Thursday. The company has a fifty day simple moving average of $6.74. NIP Group has a 1-year low of $5.40 and a 1-year high of $17.76.

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.