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Near Intelligence Inc. (NASDAQ: NIR) Has Great Upside Potential

Near Intelligence Inc. (NASDAQ:NIR) shares, rose in value on Thursday, 05/25/23, with the stock price up by 5.95% to the previous day’s close as strong demand from buyers drove the stock to $1.96.

Actively observing the price movement in the last trading, the stock closed the session at $1.85, falling within a range of $1.88 and $2.19. The value of beta (5-year monthly) was -0.33 whereas the PE ratio was 8.31 over 12-month period. Referring to stock’s 52-week performance, its high was $18.65, and the low was $1.82. On the whole, NIR has fluctuated by -34.23% over the past month.

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With the market capitalization of Near Intelligence Inc. currently standing at about $92.20 million, investors are eagerly awaiting this quarter’s results, scheduled for Aug 14, 2023 – Aug 18, 2023.


Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NIR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

0 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 0 recommend it as a Buy and 0 called the NIR stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is -.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NIR currently trading nearly -13.62% and -52.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.68, while the 7-day volatility ratio is showing 11.36% which for the 30-day chart, stands at 11.53%. Furthermore, Near Intelligence Inc. (NIR)’s average true range (ATR) is 0.41.


Data on historical trading for Near Intelligence Inc. (NASDAQ:NIR) indicates that the trading volumes over the past 10 days have averaged 0.29 million and over the past 3 months, they’ve averaged 478.93K. According to company’s latest data on outstanding shares, there are 14.68 million shares outstanding.

Nearly 90.32% of Near Intelligence Inc.’s shares belong to company insiders and institutional investors own 29.62% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.2 million shares as on May 14, 2023, resulting in a short ratio of 0.58. According to the data, the short interest in Near Intelligence Inc. (NIR) stood at 0.40% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 0.11 million. The stock has fallen by -80.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NIR stock heading into the next quarter.

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