How Macroeconomic Factors Affect Near Intelligence Inc Inc. (NIR) Price Performance

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -98.16%.However, over the last six months, we can see a stronger performance of -90.87%. Over the last 30 days, the price of NIR has leaped by -2.34%. And in the last five days, it has fallen by -32.13%.

At present, Near Intelligence Inc (NIR) has a stock price of $0.19. In the previous session, the stock saw a rise, peaking at $0.203 after an opening price of $0.17. The day’s lowest price was $0.17, and it closed at $0.17.

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Near Intelligence Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $18.65 on 03/24/23, while the lowest price for the same period was registered at $0.13 on 11/09/23.

52-week price history of NIR Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Near Intelligence Inc’s current trading price is -98.99% away from its 52-week high, while its distance from the 52-week low is 40.30%. The stock’s price range during this period has varied between$0.13 and $18.65. The Near Intelligence Inc’s shares, which operate in the Technology, saw a trading volume of around 2.02 million for the day, a figure considerably lower than their average daily volume of 3.59 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Near Intelligence Inc (NIR) has experienced a quarterly decline of -57.59% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.73M and boasts a workforce of 4 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.6357, with a change in price of -1.4220. Similarly, Near Intelligence Inc recorded 2,688,757 in trading volume during the last 100 days, posting a change of -88.32%.

NIR’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NIR stands at 26.82. Similarly, the long-term debt-to-equity ratio is also 0.90.

NIR Stock Stochastic Average

Near Intelligence Inc’s raw stochastic average for the past 50 days is presently 10.07%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 26.84%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 23.28% and 27.14%, respectively.

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