Intelligent Group Ltd (INTJ) Shares Decline Despite Market Challenges

The stock price of Intelligent Group Ltd (NASDAQ: INTJ) has dropped by -11.40 compared to previous close of 1.93. Despite this, the company has seen a fall of -11.40% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-23 that U.S. IPO Weekly Recap: Tech IPOs Pop As End Of March Approaches

Is It Worth Investing in Intelligent Group Ltd (NASDAQ: INTJ) Right Now?

INTJ currently public float of 4.25M.On April 03, 2024, the average trading volume of INTJ was 1.66M shares.

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INTJ’s Market Performance

The simple moving average for the past 20 days is -19.15% for INTJ’s stock, with a -19.15% simple moving average for the past 200 days.

INTJ Trading at -19.15% from the 50-Day Moving Average

After a stumble in the market that brought INTJ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.27% of loss for the given period.

During the last 5 trading sessions, INTJ fell by -11.40%, in comparison to the 20-day moving average. In addition, Intelligent Group Ltd saw -48.18% in overturn over a single year, with a tendency to cut further losses.

Conclusion

To sum up, Intelligent Group Ltd (INTJ) 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.

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