In the past week, NIR stock has gone down by -6.80%, with a monthly decline of -35.57% and a quarterly plunge of -81.80%. The volatility ratio for the week is 10.69%, and the volatility levels for the last 30 days are 11.26% for Near Intelligence Inc. The simple moving average for the past 20 days is -15.38% for NIR’s stock, with a -77.83% simple moving average for the past 200 days.
Is It Worth Investing in Near Intelligence Inc. (NASDAQ: NIR) Right Now?
Near Intelligence Inc. (NASDAQ: NIR) has a price-to-earnings ratio that is above its average at 7.84x.
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The public float for NIR is 14.25M, and at present, short sellers hold a 1.42% of that float. On May 25, 2023, the average trading volume of NIR was 478.93K shares.
NIR) stock’s latest price update
The stock price of Near Intelligence Inc. (NASDAQ: NIR) has jumped by 3.78 compared to previous close of 1.85. Despite this, the company has seen a fall of -6.80% in its stock price over the last five trading days.
NIR Trading at -53.00% from the 50-Day Moving Average
After a stumble in the market that brought NIR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -89.71% of loss for the given period.
Volatility was left at 11.26%, however, over the last 30 days, the volatility rate increased by 10.69%, as shares sank -32.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -79.82% lower at present.
During the last 5 trading sessions, NIR fell by -1.05%, which changed the moving average for the period of 200-days by -79.60% in comparison to the 20-day moving average, which settled at $2.2199. In addition, Near Intelligence Inc. saw -81.25% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NIR
Equity return is now at value 3.90, with 3.60 for asset returns.
To sum up, Near Intelligence Inc. (NIR) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.