Roadzen Inc (NASDAQ:RDZN) traded at $1.53 at last check on current trade day and made an upward move of 12.31% on its previous day’s price.
Looking at the stock we see that its previous close was $1.36 with the day’s price range being $1.4 – $1.69. In terms of its 52-week price range, RDZN has a high of $7.17 and a low of $0.71. The company’s stock has gained about 90.93% over that past 30 days.
Roadzen Inc has a market cap of $106.99 million and is expected to release its quarterly earnings report in January.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 12.11M, with a low of 12.11M and a high of 12.11M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 47.81M, or 2.33% up from figures reported last year.
On the other hand, looking at the outlook for the RDZN stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 10.11% off its SMA20 and 39.52% from its 50-day simple moving average. The RSI (14) is pointing at 53.21 while the volatility over the past week is 27.08% and jumps to 23.52% over the past one month. The beta value is 0.69, while the average true range (ATR) is currently pointing at 0.35.
Coming back to Roadzen Inc (NASDAQ:RDZN), we note that the average 3-month trading volume was 283.48K, while that of the preceding 10-day period stands at 1.2 million. Current shares outstanding are 68.44 million.
The insiders hold 73.97% of the company’s shares while institutions hold 7.05%. The data shows that short shares as of 2024-11-29, stood at 0.43 million at a short ratio of 4.78. This represents a 102.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 0.45 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -69.99% down in year-to-date price movement.
