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Near Intelligence (NIR) Stock Price Surged 56.7% on Latest Report

Simon Mugo trader
Updated 21 Sep 2023

The Near Intelligence Inc (NASDAQ: NIR) stock price surged 56.65% after the company released a report indicating that it is a trusted partner of leading global commercial real estate (CRE) companies seeking high-quality real estate analytics on any location, building or site.


YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.


The company currently serves commercial real estate (CRE) companies, representing a combined annual revenue of nearly $87B and over $200B in assets under management. Its clients are the world’s leading CRE companies.

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YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY

The company’s Near Platform is a global Data Intelligence Platform that curates one of the world’s largest intelligence sources on people and places. Near’s clients use the platform to inform their data-driven business decisions and enhance their strategies as the CRE industry adapts to rapidly evolving consumer trends. 

CRE companies can benefit from Near’s platform in multiple ways, including performing next-level trade area analysis by surveying any place and instantly determining the demographics, footfall trends, and consumer profiles. 

Companies can also identify accurate merchant-consumer fit by uncovering neighbourhoods that match their target audience based on where consumers live, travel and work. Users can find residential neighbourhoods with specific brand affinities. 

Near Intelligence’s platform can attract the best tenants based on consumer behaviour data, where it can match tenants and business owners with suitable properties, down to knowing which side a shopping centre is the best fit. 

John McClelland, VP of Research at Coldwell Banker, said: “Near’s data insights allow me to conduct site evaluations using near real-time, robust, and great quality data. The intuitive charts, maps, and searchable historical data establish me as a market leader and adopter of cutting-edge technology. In today’s landscape, one cannot ask a client to trust a hunch solely, but with Near’s data, I can validate my decades of experience, build a winning case, and develop deeper partnerships with my clients.”

Anil Mathews, CEO of Near, said: “We are proud to be the selected partner for some of the world’s largest commercial real estate companies. Whether you’re a property owner, business owner, real estate developer, or investor, our commercial real estate customers can access the data intelligence they need to find the right location fit between property, business, and consumer.” 

Near Intelligence (NIR) stock price. 

The Near Intelligence (NIR) stock price surged 56.65% premarket to trade at $1.3274, from Wednesday’s closing price of $0.2090.


YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.


Simon has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading