Insig AI (LON:INSG) Shares Up 7.1% – Should You Buy?

Insig AI Plc (LON:INSG)’s share price rose 7.1% during trading on Saturday . The company traded as high as GBX 16.90 ($0.21) and last traded at GBX 15 ($0.19). Approximately 235,333 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 241,724 shares. The stock had previously closed at GBX 14 ($0.18).

Insig AI Stock Performance

The company has a market capitalization of £17.66 million, a PE ratio of -83.33 and a beta of -0.57. The company has a quick ratio of 0.92, a current ratio of 0.08 and a debt-to-equity ratio of 98.45. The business has a 50 day simple moving average of GBX 14.45 and a 200 day simple moving average of GBX 14.25.

Insider Activity at Insig AI

In other news, insider Richard Bernstein purchased 350,000 shares of the stock in a transaction on Thursday, October 10th. The stock was bought at an average price of GBX 12 ($0.15) per share, with a total value of £42,000 ($52,836.83). 58.22% of the stock is currently owned by insiders.

About Insig AI

Insig AI Plc engages in the provision of data science and machine learning development solutions. The company's ESG disclosure research tool which is used to compare companies against ESG progress with the use of the Group's ESG framework. It offers advisory/consultancy services in the areas of regulatory experience, corporate reporting, ESG investment, and framework and materialty experience; ESG disclosure Data, a centralised library of transparent, tagged, and machine readable ESG data.