In the last trading session, 1.42 million shares of the Roadzen Inc (NASDAQ:RDZN) were traded, and its beta was 0.70. Most recently the company’s share price was $1.60, and it changed around $0.24 or 17.65% from the last close, which brings the market valuation of the company to $128.84M. RDZN currently trades at a discount to its 52-week high of $7.17, offering almost -348.12% off that amount. The share price’s 52-week low was $0.71, which indicates that the current value has risen by an impressive 55.62% since then. We note from Roadzen Inc’s average daily trading volume that its 10-day average is 0.37 million shares, with the 3-month average coming to 117.26K.
Roadzen Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended RDZN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Roadzen Inc is expected to report earnings per share of -0.09 for the current quarter.
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Roadzen Inc (NASDAQ:RDZN) trade information
Instantly RDZN has showed a green trend with a performance of 17.65% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.9300 on recent trading dayincreased the stock’s daily price by 17.1%. The company’s shares are currently down -68.57% year-to-date, but still up 49.53% over the last five days. On the other hand, Roadzen Inc (NASDAQ:RDZN) is 58.42% up in the 30-day period. We can see from the shorts that 0.42 million shares have been sold at a short interest cover period of 4.16 day(s).
Roadzen Inc (RDZN) estimates and forecasts
The year-over-year growth rate is expected to be 2.33%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 12.11M in revenue for the current quarter. 1 analysts expect Roadzen Inc to make 14.9M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 48.95%.
RDZN Dividends
Roadzen Inc’s next quarterly earnings report is expected to be released in January.
Roadzen Inc (NASDAQ:RDZN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 53.68% of Roadzen Inc shares, and 18.25% of them are in the hands of institutional investors. The stock currently has a share float of 39.40%.
