The trading price of Roadzen Inc (NASDAQ:RDZN) closed higher on Tuesday, December 10, and closing at $2.60, 57.58% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.4437 and $2.67. In examining the 52-week price action we see that the stock hit a 52-week high of $7.17 and a 52-week low of $0.71. Over the past month, the stock has gained 186.44% in value.
Roadzen Inc, whose market valuation is $177.95 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.09 per share this quarter, however they have predicted annual earnings per share of -1.21 for current year and -0.18 for next year.
Analysts have forecast the company to bring in revenue of 12.11M for the current quarter, with the likely lows of 12.11M and highs of 12.11M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 47.81M.
On the technical side, indicators suggest RDZN has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that RDZN’s price is currently 130.13% off the SMA20 and 157.56% off the SMA50. The RSI metric on the 14-day chart is currently showing 92.35, and weekly volatility stands at 40.02%. When measured over the past 30 days, the indicator reaches 21.36%. Roadzen Inc (NASDAQ:RDZN)’s beta value is currently sitting at 0.67, while the Average True Range indicator is currently displaying 0.27.
To see how Roadzen Inc stock has been performing in comparison to its peers in the industry, here are the numbers: RDZN stock’s performance was 57.58% in the latest trading, and -18.75% in the past year.
An evaluation of the daily trading volume of Roadzen Inc (NASDAQ:RDZN) indicates that the 3-month average is 144.06K. However, this figure has increased over the past 10 days to an average of 0.43.
Currently, records show that 68.44 million of the company’s shares remain outstanding. The insiders hold 73.97% of outstanding shares, whereas institutions hold 7.05%. The stats also highlight that short interest as of 2024-11-29, stood at 0.43 million shares, resulting in a short ratio of 4.78 at that time. From this, we can conclude that short interest is 102.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 0.45 million. However, since the stock’s price has seen -48.92% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
