Will Ryde Group Ltd. (RYDE) benefit from Wall Street bulls Calls?

Ryde Group Ltd. (AMEX: RYDE) is -79.75% lower on its value in year-to-date trading and has touched a low of $0.66 and a high of $22.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RYDE stock was last observed hovering at around $0.85 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $0.81, the stock is -87.51% and -88.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.1 million and changing -4.71% at the moment leaves the stock -86.90% off its SMA200. RYDE registered a gain of -78.11% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $6.98602 and a 200-day simple moving average (SMA200) of $6.14786.

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The stock witnessed a -89.10% loss in the last 1 month and extending the period to 3 months gives it a -86.72%, and is -42.96% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 19.69% over the week and 58.51% over the month.

Ryde Group Ltd. (RYDE) has around 34 employees, a market worth around $16.91M and $6.46M in sales. Profit margin for the company is -147.56%. Distance from 52-week low is 23.44% and -96.40% from its 52-week high.