Roadzen Inc (RDZN) Outlook And Short Term Estimates

Roadzen Inc (NASDAQ:RDZN) has a beta value of 0.65 and has seen 0.4 million shares traded in the last trading session. The company, currently valued at $145.09M, closed the last trade at $2.12 per share which meant it lost -$0.54 on the day or -20.30% during that session. The RDZN stock price is -701.89% off its 52-week high price of $17.00 and 43.4% above the 52-week low of $1.20. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.3 million shares traded. The 3-month trading volume is 2.07 million shares.

Roadzen Inc (NASDAQ:RDZN) trade information

Sporting -20.30% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RDZN stock price touched $2.12 or saw a rise of 21.19%. Year-to-date, Roadzen Inc shares have moved -58.35%, while the 5-day performance has seen it change 18.44%. Over the past 30 days, the shares of Roadzen Inc (NASDAQ:RDZN) have changed 37.66%. Short interest in the company has seen 0.53 million shares shorted with days to cover at 4.27.

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Roadzen Inc (RDZN) estimates and forecasts

The company’s shares have lost -67.53% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 57.30%.

1 analysts offering their estimates for the company have set an average revenue estimate of 12.64M for the current quarter. 1 have an estimated revenue figure of 20.47M for the next ending quarter.

RDZN Dividends

Roadzen Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Roadzen Inc (NASDAQ:RDZN)’s Major holders

Insiders own 53.66% of the company shares, while shares held by institutions stand at 18.95% with a share float percentage of 40.89%. Investors are also buoyed by the number of investors in a company, with Roadzen Inc having a total of 47.0 institutions that hold shares in the company.