Ryde Group Ltd (AMEX: RYDE) is -95.62% lower on its value in year-to-date trading and has touched a low of $0.16 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 $0.46 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $0.36, the stock is 23.39% and 43.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing -21.87% at the moment leaves the stock -11.82% off its SMA200. RYDE registered -21.87% loss for a year compared to 6-month loss of -30.21%. The firm has a 50-day simple moving average (SMA 50) of $0.25092 and a 200-day simple moving average (SMA200) of $0.40761.
The stock witnessed a 73.29% gain in the last 1 month and extending the period to 3 months gives it a 65.62%, and is 19.80% 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 20.01% over the week and 20.01% over the month.
Ryde Group Ltd (RYDE) has around 30 employees, a market worth around $9.45M and $6.70M in sales. Profit margin for the company is -207.60%. Distance from 52-week low is 124.63% and -98.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-470.59%).
The EPS is expected to grow by 56.92% this year
5.0 institutions hold shares in Ryde Group Ltd (RYDE), with institutional investors hold 1.94% of the company’s shares. The shares outstanding are 22.75M, and float is at 16.06M with Short Float at 0.48%. Institutions hold 1.47% of the Float.
