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Near Intelligence Inc. (NIR): The stock short term indicators scream Sell today

Near Intelligence Inc. (NIR) saw an uptrend of 5.95% in the recent trading with $1.96 being its most recent. The current price level -89.49% lower than the highest price of $18.65 marked by the stock while trading over the past 52-weeks, whereas it is 7.69% higher than the lowest price of $1.82 the company dropped to over past 52-weeks. The latest news story on NIR appeared in (Business Wire) under the title “Nears State of Global Consumer Behavior Survey Reveals 60% of Leaders Are Rethinking Business Strategy Based on Consumer Behavior in Past Year; 70% Concerned About Potential Recession” on May-22-23.

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Squeezing the time span to 30 day period shows us the stock is currently trading -38.79% below one month high and is +7.69% above of the lowest during that time. Looking into the simple moving average, Near Intelligence Inc. (NIR)’s stock stands at a SMA-50 of $3.9219 while that of 5-day is reading $1.9240.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and NIR’s SMA-200 as of now is $8.6186.

Near Intelligence Inc. Earnings – What Happened With NIR

Coming around sales and income figures on NIR Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $15.51 billion.

NIR – Near Intelligence Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 14.68 million. NIR does have institutional investors; and they hold 29.62% of the stock.

Near Intelligence Inc. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 6 new insider purchases involving 23,258,865 shares. On the other hand, NIR declared 2,933,260 shares have been sold in 20 insider transactions over the past three months.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Near Intelligence Inc. was 0.02 while posting a debt to equity ratio of 0.03.

Technical Analysis of Near Intelligence Inc. (NASDAQ:NIR) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Near Intelligence Inc. (NIR), we notice that the stock’s 20-day average volume is at 222,500 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 619,124 shares. And to end, NIR’s 100-day average volume is 334,337 shares with 100% of the long-term indicators pointing towards Sell for the stock.

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