Roadzen Inc (NASDAQ: RDZN) is -14.68% lower on its value in year-to-date trading and has touched a low of $0.71 and a high of $7.17 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 RDZN stock was last observed hovering at around $2.02 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $1.86, the stock is -12.10% and 27.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.41 million and changing -7.92% at the moment leaves the stock -21.44% off its SMA200. RDZN registered -63.31% loss for a year compared to 6-month loss of -10.14%. The firm has a 50-day simple moving average (SMA 50) of $1.44008 and a 200-day simple moving average (SMA200) of $2.39049.
The stock witnessed a 16.25% gain in the last 1 month and extending the period to 3 months gives it a 106.67%, and is -14.68% 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 20.41% over the week and 27.78% over the month.
Roadzen Inc (RDZN) has around 379 employees, a market worth around $138.00M and $46.45M in sales. Profit margin for the company is -290.14%. Distance from 52-week low is 161.97% and -74.06% from its 52-week high.
The EPS is expected to grow by 45.80% this year
55.0 institutions hold shares in Roadzen Inc (RDZN), with institutional investors hold 33.59% of the company’s shares. The shares outstanding are 68.44M, and float is at 16.59M with Short Float at 3.61%. Institutions hold 16.81% of the Float.
Roadzen Inc (RDZN) Insider Activity
The most recent transaction is an insider purchase by Malhotra Rohan,. SEC filings show that Malhotra Rohan bought 797 shares of the company’s common stock on Nov 27 ’24 at a price of $1.03 per share for a total of $821.0. Following the purchase, the insider now owns 0.78 million shares.
Roadzen Inc disclosed in a document filed with the SEC on Nov 29 ’24 that Malhotra Rohan bought a total of 135 shares of the company’s common stock. The trade occurred on Nov 29 ’24 and was made at $1.01 per share for $136.0. Following the transaction, the insider now directly holds 0.78 million shares of the RDZN stock.
Still, SEC filings show that on Nov 22 ’24, Malhotra Rohan acquired 3,750 shares at an average price of $0.85 for $3188.0. The insider now directly holds 779,910 shares of Roadzen Inc (RDZN).
