Niagen Bioscience (NASDAQ:NAGE) Shares Gap Up - Time to Buy?
Niagen Bioscience (NASDAQ:NAGE) shares gapped up to $11.94 from a previous close of $11.51, with a trading volume of 146,099 shares. Canaccord Genuity initiated coverage with a "buy" rating and a $13.00 price target. The company has a market cap of $967.30 million and a P/E ratio of 72.24. Despite the positive outlook, MarketBeat suggests that other stocks may be better investment options.
Niagen Bioscience Inc (NASDAQ:NAGE - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $11.51, but opened at $11.94. Niagen Bioscience shares last traded at $11.94, with a volume of 146,099 shares traded.
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Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group began coverage on Niagen Bioscience in a research note on Tuesday, May 27th. They set a "buy" rating and a $13.00 price target on the stock.
Read Our Latest Research Report on NAGE
Niagen Bioscience Stock Up 6.7%
The firm has a market capitalization of $967.30 million, a price-to-earnings ratio of 72.24 and a beta of 1.94. The firm has a 50-day moving average price of $8.45.
Niagen Bioscience Company Profile
(Get Free Report)Niagen Bioscience, Inc is a global bioscience company, which engages in acquiring, developing, and commercializing proprietary-based ingredient technologies. It is pioneering research on nicotinamide adenine dinucleotide (NAD+). The company's patent portfolio includes Nicotinamide Riboside (NR) and other NAD+ precursors, which are commercialized as the flagship ingredient Niagen.
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