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Monday, December 4, 2023

Near Intelligence Inc (NASDAQ: NIR) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Near Intelligence Inc (NIR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0049, or 2.28%, to $0.2199. The Near Intelligence Inc has recorded 225,404 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Near Intelligence’s Board Grows Stronger with Key Appointments.

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Stocks Info

Near Intelligence Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $0.22 and fluctuated between $0.2600 as its day high and $0.2010 as its day low. The current market capitalization of Near Intelligence Inc is $11.13M. A total of 11.49 million shares were traded on the day, compared to an average of 3.42M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NIR has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 30,000 and the disposition of 0 shares. Over the last 12 months, there were 11 BUYs and 10 SELLs from insiders. Insiders purchased 11,995,258 shares during that period but sold 2,419,587.

In the most recent transaction, Petralia Kathryn bought 15,000 shares of NIR for 0.44 per share on Aug 18. After the transaction, the Director now owns 60,000 company shares. In a previous transaction on Aug 17, Petralia Kathryn bought 15,000 shares at 0.47 per share. NIR shares that Director owns now total 45,000.

Among the insiders who bought shares, Petralia Kathryn acquired of 10,000 shares on May 25 at a per-share price of $1.98. This resulted in the Director holding 30,000 shares of NIR after the transaction. In another insider transaction, Greene Mark N bought 21,277 shares at $2.00 per share on May 24. Company shares held by the Director now total 26,532.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NIR in the last 3 months, the mean price target is $3.50 with high estimates of $5.00 and low estimates of $2.00. In terms of 52-week highs and lows, NIR has a high of $18.65 and a low of $0.13.

As of this writing, NIR has an earnings estimate of -$0.33 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.33 per share and a lower estimate of -$0.33.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NIR’s latest balance sheet shows that the firm has $10.21M in Cash & Short Term Investments as of fiscal 2021. There were $21.26M in debt and $24.65M in liabilities at the time. Its Book Value Per Share was $0.08, while its Total Shareholder’s Equity was -$132.77M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NIR is Buy with a score of 5.00.

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