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Niagen Bioscience (NASDAQ:NAGE) Shares Gap Up - Time to Buy?

Niagen Bioscience logo with Manufacturing background

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.

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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