Why Ryde Group Ltd (AMEX: RYDE) Stock Shouldn’t Be Ignored In 2024

In the last trading session, 5.81 million shares of the Ryde Group Ltd (AMEX:RYDE) were traded. Most recently the company’s share price was $0.63, and it changed around $0.19 or 42.81% from the last close, which brings the market valuation of the company to $23.65M. RYDE currently trades at a discount to its 52-week high of $22.49, offering almost -3469.84% off that amount. The share price’s 52-week low was $0.28, which indicates that the current value has risen by an impressive 55.56% since then. We note from Ryde Group Ltd’s average daily trading volume that its 10-day average is 3.0 million shares, with the 3-month average coming to 849.12K.

Ryde Group Ltd stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended RYDE as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Ryde Group Ltd is expected to report earnings per share of 0 for the current quarter.

Ryde Group Ltd (AMEX:RYDE) trade information

Instantly RYDE has showed a green trend with a performance of 42.81% 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 0.6800 on recent trading dayincreased the stock’s daily price by 7.35%. The company’s shares are currently down -84.25% year-to-date, but still up 95.53% over the last five days. On the other hand, Ryde Group Ltd (AMEX:RYDE) is 45.45% up in the 30-day period. We can see from the shorts that 95081.0 shares have been sold at a short interest cover period of 0.5 day(s).

Ryde Group Ltd (RYDE) estimates and forecasts

The year-over-year growth rate is expected to be 0.59%, up from the previous year.

RYDE Dividends

Ryde Group Ltd’s next quarterly earnings report is expected to be released in January.