How Will Roadzen Inc (NASDAQ: RDZN) Perform In The Next Few Months?

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Roadzen Inc (NASDAQ:RDZN) has a beta value of 0.66 and has seen 1.45 million shares traded in the recent trading session. The company, currently valued at $91.04M, closed the recent trade at $1.27 per share which meant it lost -$0.51 on the day or -28.62% during that session. The RDZN stock price is -464.57% off its 52-week high price of $7.17 and 44.09% above the 52-week low of $0.71. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.94 million shares traded. The 3-month trading volume is 232.12K shares.

Roadzen Inc (NASDAQ:RDZN) trade information

Sporting -28.62% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the RDZN stock price touched $1.27 or saw a rise of 55.75%. Year-to-date, Roadzen Inc shares have moved -75.04%, while the 5-day performance has seen it change -23.00%. Over the past 30 days, the shares of Roadzen Inc (NASDAQ:RDZN) have changed 56.81%. Short interest in the company has seen 0.43 million shares shorted with days to cover at 4.78.

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Roadzen Inc (RDZN) estimates and forecasts

The company’s shares have lost -45.24% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 2.33%.

1 analysts offering their estimates for the company have set an average revenue estimate of 12.11M for the current quarter. 1 have an estimated revenue figure of 14.9M for the next ending quarter.

RDZN Dividends

Roadzen Inc is expected to release its next earnings report in January 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 53.68% of the company shares, while shares held by institutions stand at 18.24% with a share float percentage of 39.37%. Investors are also buoyed by the number of investors in a company, with Roadzen Inc having a total of 56.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Fidelity Small Cap Index Fund. As of Sep 30, 2024, the former fund manager holds about 0.55% shares in the company for having 376.53 shares of worth $0.46 million while later fund manager owns 153.38 shares of worth $0.19 million as of Aug 31, 2024, which makes it owner of about 0.22% of company’s outstanding stock.