Roadzen Inc (NASDAQ:RDZN) shares, rose in value on Friday, June 20, with the stock price down by -7.61% to the previous day’s close as strong demand from buyers drove the stock to $0.98.
Actively observing the price movement in the last trading, the stock closed the session at $1.06. Referring to stock’s 52-week performance, its high was $3.28, and the low was $0.68. On the whole, RDZN has fluctuated by -10.16% over the past month.
With the market capitalization of Roadzen Inc currently standing at about $72.75 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-12.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RDZN’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 100% Sell.
The stock’s technical analysis shows that the price of RDZN currently trading nearly -3.67% and 0.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.52, while the 7-day volatility ratio is showing 12.30% which for the 30-day chart, stands at 7.59%. Furthermore, Roadzen Inc (RDZN)’s beta value is 0.34, and its average true range (ATR) is 0.13.
A comparison of Roadzen Inc (RDZN) with its peers suggests the former has fared considerably weaker in the market. RDZN showed an intraday change of -7.61% in last session, and over the past year, it shrunk by -57.79%%.
Data on historical trading for Roadzen Inc (NASDAQ:RDZN) indicates that the trading volumes over the past 3 months, they’ve averaged 270.94K. According to company’s latest data on outstanding shares, there are 71.97 million shares outstanding.
Nearly 67.01% of Roadzen Inc’s shares belong to company insiders and institutional investors own 8.84% of the company’s shares. The stock has fallen by -55.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RDZN stock heading into the next quarter.
