Answer: There could be several reasons why 2Go Group Inc.'s closing price this year (2023) is lower compared to last year's closing price such as trends in the economy, political scenario, government regulations & so on.
Explanation:
Some possible factors that could have contributed to this decrease include:
Economic conditions: If the overall economy is not performing well, it can lead to a decrease in the stock price of companies like 2Go Group Inc.
Company performance: The company's financial performance, including its revenue and earnings, can directly impact its stock price. If 2Go Group Inc. has not been performing as well as investors had hoped, this could have led to a decrease in its stock price.
Industry trends: If the transportation industry is facing challenges, this could also have an impact on 2Go Group Inc.'s stock price.
Competition: Increased competition from other companies in the same industry can also put downward pressure on 2Go Group Inc.'s stock price.
Regulatory changes: Changes in regulations or laws that affect the company's operations can also have an impact on its stock price.
It's important to note that stock prices can be influenced by a variety of factors, and it's not always possible to know for certain why a stock's price has changed. However, by analyzing trends in the economy, industry, and company performance, it is possible to get a better understanding of the factors that may be contributing to the changes in 2Go Group Inc.'s stock price.