During the last session, Roadzen Inc (NASDAQ:RDZN)’s traded shares were 0.16 million, with the beta value of the company hitting 0.34. At the end of the trading day, the stock’s price was $1.06, reflecting an intraday gain of 0.95% or $0.01. The 52-week high for the RDZN share is $3.28, that puts it down -209.43 from that peak though still a striking 35.85% gain since the share price plummeted to a 52-week low of $0.68. The company’s market capitalization is $78.75M, and the average intraday trading volume over the past 10 days was 0.3 million shares, and the average trade volume was 273.68K shares over the past three months.
Roadzen Inc (NASDAQ:RDZN) trade information
Roadzen Inc (RDZN) registered a 0.95% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.95% in intraday trading to $1.06, hitting a weekly high. The stock’s 5-day price performance is 12.90%, and it has moved by -16.54% in 30 days. Based on these gigs, the overall price performance for the year is -56.38%. The short interest in Roadzen Inc (NASDAQ:RDZN) is 1.6 million shares and it means that shorts have 5.03 day(s) to cover.
Roadzen Inc (RDZN) estimates and forecasts
In the rating firms’ projections, revenue will increase 2.47% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 14.87M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 13.53M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 10M and 8.93M respectively. In this case, analysts expect current quarter sales to grow by 48.64% and then jump by 51.48% in the coming quarter.
While earnings are projected to return 51.11% in 2025.
RDZN Dividends
Roadzen Inc is due to release its next quarterly earnings on 2025-Feb-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Roadzen Inc (NASDAQ:RDZN)’s Major holders
Roadzen Inc insiders own 51.15% of total outstanding shares while institutional holders control 19.14%, with the float percentage being 39.19%. METEORA CAPITAL, LLC is the largest shareholder of the company, while 71.0 institutions own stock in it. As of 2024-06-30, the company held over 4.03 million shares (or 5.8828% of all shares), a total value of $8.94 million in shares.
The next largest institutional holding, with 0.62 million shares, is of BLACKROCK INC.’s that is approximately 0.901% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.37 million.
