Roadzen Inc (NASDAQ: RDZN) is -51.38% lower on its value in year-to-date trading and has touched a low of $0.68 and a high of $3.28 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 $1.05 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $1.06, the stock is 4.83% and 8.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing 0.95% at the moment leaves the stock -13.89% off its SMA200. RDZN registered -56.38% loss for a year compared to 6-month loss of -40.45%.
The stock witnessed a -16.54% gain in the last 1 month and extending the period to 3 months gives it a -6.19%, and is 12.90% up 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 12.25% over the week and 9.02% over the month.
Roadzen Inc (RDZN) has around 379 employees, a market worth around $78.75M and $42.89M in sales. Profit margin for the company is -248.79%. Distance from 52-week low is 55.88% and -67.68% from its 52-week high.
The EPS is expected to grow by 51.11% this year
The shares outstanding are 71.97M, and float is at 24.51M with Short Float at 6.54%.
The top institutional shareholder in the company is METEORA CAPITAL, LLC with over 4.03 million shares valued at $8.94 million. The investor’s holdings represent 5.8828 of the RDZN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 0.62 million shares valued at $1.37 million to account for 0.901 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 0.18 million shares representing 0.26 and valued at over $0.4 million, while VANGUARD GROUP INC holds 0.1089 of the shares totaling 74553.0 with a market value of $0.17 million.
Roadzen Inc (RDZN) Insider Activity
The most recent transaction is an insider purchase by Malhotra Rohan,. SEC filings show that Malhotra Rohan bought 2,300 shares of the company’s common stock on Mar 12 ’25 at a price of $1.09 per share for a total of $2507.0. Following the purchase, the insider now owns 0.81 million shares.
Roadzen Inc disclosed in a document filed with the SEC on Mar 06 ’25 that Malhotra Rohan bought a total of 16,750 shares of the company’s common stock. The trade occurred on Mar 06 ’25 and was made at $1.06 per share for $17755.0. Following the transaction, the insider now directly holds 0.8 million shares of the RDZN stock.
Still, SEC filings show that on Mar 07 ’25, Malhotra Rohan acquired 2,000 shares at an average price of $1.08 for $2160.0. The insider now directly holds 805,537 shares of Roadzen Inc (RDZN).
