Over the course of the past week, the emerging direct to customer hearing technology leader InnerScope Hearing Technologies Inc (OTCMKTS:INND) has seen its stock has go through a tough time. During the period the stock has gone down by as much as 10%.
Trading Data
On Monday, INND stock decreased 4.97% to $0.0172 with 29.89 million shares, compared to its average volume 64.58 million shares. The stock moved within a range of $0.0171 – 0.0185 after opening trade at $0.0181.
InnerScope Hearing Technologies (OTC: INND) Completes its 2019 & 2020 Audited Financial Statements
While it is true that there has been no news about the company in the past week, it should be noted that the company had made a key announcement back on September 14, 2022. The company announced at the time that Paris, Kreit& Chiu LLP, its CPA firm, had managed to complete the PCOAB audits for the annual financial statement for the years 2019 and 2020.
In addition to that, the company further announced that the annual reports had also been filed on a 10-K with the United States Securities and Exchange Commission. It was a significant new development for the company considering the fact that the completion of audits is generally seen as a positive trigger for investors.
It provides them with a lot more transparency with regards to the operations and finances of the company. Eventually that may lead to higher investments. It remains to be seen if the stock can bounce back any time soon.
Technical Data
INND stock is trading below the 20-Day and 50-Day Moving averages of $0.0176 and $0.0174 respectively. However, the stock is trading above the 200-Day moving average of $0.0092.
