Ryde Group Ltd (AMEX:RYDE) shares, rose in value on Wednesday, June 18, with the stock price up by 155.10% to the previous day’s close as strong demand from buyers drove the stock to $0.45.
Actively observing the price movement in the last trading, the stock closed the session at $0.18, falling within a range of $0.301 and $0.5876. Referring to stock’s 52-week performance, its high was $22.49, and the low was $0.16. On the whole, RYDE has fluctuated by 104.55% over the past month.
With the market capitalization of Ryde Group Ltd currently standing at about $11.83 million, investors are eagerly awaiting this quarter’s results, scheduled for in July.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RYDE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of RYDE currently trading nearly 106.73% and 99.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 83.55, while the 7-day volatility ratio is showing 48.15% which for the 30-day chart, stands at 21.51%. Furthermore, Ryde Group Ltd (RYDE)’s beta value is 1.92, and its average true range (ATR) is 0.04.
A comparison of Ryde Group Ltd (RYDE) with its peers suggests the former has fared considerably weaker in the market. RYDE showed an intraday change of 155.10% in last session, and over the past year, it shrunk by -91.62%%.
Data on historical trading for Ryde Group Ltd (AMEX:RYDE) indicates that the trading volumes over the past 10 days have averaged 56.9 and over the past 3 months, they’ve averaged 128.07K. According to company’s latest data on outstanding shares, there are 22.75 million shares outstanding.
Nearly 38.92% of Ryde Group Ltd’s shares belong to company insiders and institutional investors own 1.55% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 84744.0 shares as on 2025-05-30, resulting in a short ratio of 0.61. According to the data, the short interest in Ryde Group Ltd (RYDE) stood at 53.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 82722.0. The stock has fallen by -2.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RYDE stock heading into the next quarter.
