As of Wednesday close, Near Intelligence Inc.’s (NASDAQ:NIR) stock was down -$0.15, moving down -42.42 percent to $0.21. The average number of shares traded per day over the past five days has been 702,700 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1570 fall in that time frame. In the last twenty days, the average volume was 485,845, while in the previous 50 days, it was 444,740.
Since last month, NIR stock retreated -51.71%. Shares of the company fell to $0.1900 on 09/20/23, the lowest level in the past month. A 52-week high of $18.65 was reached on 03/24/23 after having rallying from a 52-week low of $0.35. Since the beginning of this year, NIR’s stock price has dropped by -97.96% or -$10.0310, and marked a new high 5 times. However, the stock has declined by -98.88% since its 52-week high.
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NIR stock investors should be aware that Near Intelligence Inc. (NIR) stock had its last reported insider trading activity 34 days ago on Aug 18. Petralia Kathryn, the Director of the company, purchased of 15,000 shares for $0.44 on Aug 18. It resulted in a $6,600 investment by the insider. Petralia Kathryn added 15,000 shares at an average price of $0.47 on Aug 17. The insider now owns 45,000 shares following the transaction. On May 25, Director Petralia Kathryn bought 10,000 shares at $1.98 apiece. The transaction was valued at $19,800.
Valuation Metrics
The stock’s beta is -0.19. Besides these, the trailing price-to-sales (P/S) ratio of 0.18, the price-to-book (PB) ratio of 2.61.
Financial Health
In the three months ended June 29, Near Intelligence Inc.’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.18, and the total debt-to-equity ratio was 25.97. On the profitability front, the trailing twelve-month gross margin is 25.60% percent. In the year ended June 29, operating margins totaled -98.10%. Based on annual data, NIR earned $9.31 million in gross profit and brought in $3.9 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 123.30%. Return on equity (ROE) for the past 12 months was 85.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NIR’s revenue rose 100.0% to $15.51 million during the quarter, while net income inched up to $17.71 million. While analysts expected Near Intelligence Inc. to report -$0.35 quarterly earnings, the actual figure was -$0.19 per share, beating the consensus estimate by 45.70%. During the quarter, the company generated -$12.51 million in EBITDA. The liabilities of Near Intelligence Inc. were 157.77 million at the end of its most recent quarter ended June 29, and its total debt was $105.15 million. The value of shareholders’ equity is $51.75 million.
Technical Picture
This quick technical analysis looks at Near Intelligence Inc.’s (NIR) price momentum. With a historical volatility rate of 265.47%, the RSI 9-day stood at 16.82% on 20 September.
With respect to its five-day moving average, the current Near Intelligence Inc. price is down by -42.90% percent or -$0.1570. At present, NIR shares trade -50.24% below its 20-day simple moving average and -93.08% percent below its 100-day simple moving average. However, the stock is currently trading approximately -90.23% below its SMA50 and -97.94% below its SMA200.
Stochastic coefficient K was 9.40% and Stochastic coefficient D was 11.01%, while ATR was 0.0608. Given the Stochastic reading of 6.78% for the 14-day period, the RSI (14) reading has been calculated as 21.52%. As of today, the MACD Oscillator reading stands at -0.0481, while the 14-day reading stands at -0.0611.
