Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $1.57 in the prior trading day, Roadzen Inc (NASDAQ: RDZN) closed at $1.52, down -3.18%. In other words, the price has decreased by -$3.18 from its previous closing price. On the day, 0.2 million shares were traded. RDZN stock price reached its highest trading level at $1.59 during the session, while it also had its lowest trading level at $1.4103.
Ratios:
Our goal is to gain a better understanding of RDZN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.34 and its Current Ratio is at 0.38.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Maxim Group on May 23, 2024, initiated with a Buy rating and assigned the stock a target price of $10.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 27 ’24 when Malhotra Rohan bought 797 shares for $1.03 per share. The transaction valued at 821 led to the insider holds 780,707 shares of the business.
Malhotra Rohan bought 135 shares of RDZN for $136 on Nov 29 ’24. The insider now owns 780,842 shares after completing the transaction at $1.01 per share. On Nov 22 ’24, another insider, Malhotra Rohan, who serves as the insider of the company, bought 3,750 shares for $0.85 each. As a result, the insider paid 3,188 and bolstered with 779,910 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RDZN now has a Market Capitalization of 112770320 and an Enterprise Value of 121785824. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.43. Its current Enterprise Value per Revenue stands at 2.622 whereas that against EBITDA is -1.08.
Stock Price History:
The Beta on a monthly basis for RDZN is 0.27, which has changed by -0.5742297 over the last 52 weeks, in comparison to a change of 0.23631513 over the same period for the S&P500. Over the past 52 weeks, RDZN has reached a high of $7.17, while it has fallen to a 52-week low of $0.71. The 50-Day Moving Average of the stock is -0.39%, while the 200-Day Moving Average is calculated to be -31.60%.
Shares Statistics:
The stock has traded on average 532.05K shares per day over the past 3-months and 458380 shares per day over the last 10 days, according to various share statistics. A total of 68.44M shares are outstanding, with a floating share count of 18.27M. Insiders hold about 73.30% of the company’s shares, while institutions hold 7.72% stake in the company. Shares short for RDZN as of 1735603200 were 1026570 with a Short Ratio of 1.93, compared to 1732838400 on 432763. Therefore, it implies a Short% of Shares Outstanding of 1026570 and a Short% of Float of 2.2399999999999998.
