In the latest trading session, 0.51 million Near Intelligence Inc (NASDAQ:NIR) shares changed hands as the company’s beta touched 0.37. With the company’s most recent per share price at $0.16 changed hands at -$0.02 or -9.22% at last look, the market valuation stands at $8.46M. NIR’s current price is a discount, trading about -11556.25% off its 52-week high of $18.65. The share price had its 52-week low at $0.13, which suggests the last value was 18.75% up since then. When we look at Near Intelligence Inc’s average trading volume, we note the 10-day average is 5.79 million shares, with the 3-month average coming to 3.63 million.
Near Intelligence Inc (NASDAQ:NIR) trade information
Instantly NIR was in red as seen in intraday trades today. With action -9.47%, the performance over the past five days has been red. The drop to weekly highs of 0.2030 on Monday, 11/20/23 subtracted -9.22% to the stock’s daily price. The company’s shares are showing year-to-date downside of -98.40%, with the 5-day performance at -9.47% in the red. However, in the 30-day time frame, Near Intelligence Inc (NASDAQ:NIR) is -6.74% down. Looking at the short shares, we see there were 0.21 million shares sold at short interest cover period of 0.15 days.
The consensus price target for the stock as assigned by Wall Street analysts is $3.50, meaning bulls need an upside of 95.43% from its recent market value. According to analyst projections, NIR’s forecast low is $2.00 with $5.00 as the target high. To hit the forecast high, the stock’s price needs a -3025.0% plunge from its current level, while the stock would need to soar -1150.0% for it to hit the projected low.
Near Intelligence Inc (NIR) estimates and forecasts
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $20.1 million. 1 analysts are of the opinion that Near Intelligence Inc’s revenue for the quarter ending Dec 2023 will be $21.9 million.
Near Intelligence Inc (NASDAQ:NIR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 59.73% of Near Intelligence Inc shares while 25.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.28%. There are 25.88% institutions holding the Near Intelligence Inc stock share, with JP Morgan Chase & Company the top institutional holder. As of Sep 29, 2023, the company held 11.31% of the shares, roughly 5.85 million NIR shares worth $0.95 million.
Polar Asset Management Partners Inc. holds the second largest percentage of outstanding shares, with 3.43% or 1.77 million shares worth $0.29 million as of Sep 29, 2023.
Among Mutual Funds, the top two as of Aug 30, 2023 were Fidelity Extended Market Index Fund and Schwab Strategic Tr-Schwab U.S. Small Cap ETF. With 79010.0 shares estimated at $12839.0 under it, the former controlled 0.15% of total outstanding shares. On the other hand, Schwab Strategic Tr-Schwab U.S. Small Cap ETF held about 0.11% of the shares, roughly 55983.0 shares worth around $9097.0.