A new trading day began on Monday, with Roadzen Inc (NASDAQ: RDZN) stock price up 24.02% from the previous day of trading, before settling in for the closing price of $1.79. RDZN’s price has ranged from $1.20 to $17.00 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 47.35%. With a float of $17.85 million, this company’s outstanding shares have now reached $68.44 million.
In an organization with 379 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 56.94%, operating margin of -208.14%, and the pretax margin is -288.11%.
Roadzen Inc (RDZN) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Roadzen Inc is 73.92%, while institutional ownership is 7.75%. The most recent insider transaction that took place on Aug 23 ’24, was worth 580. In this transaction an insider of this company bought 345 shares at a rate of $1.68, taking the stock ownership to the 765,930 shares. Before that another transaction happened on Aug 22 ’24, when Company’s See Remarks bought 250 for $1.62, making the entire transaction worth $405. This insider now owns 765,585 shares in total.
Roadzen Inc (RDZN) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.44 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 47.35% per share during the next fiscal year.
Roadzen Inc (NASDAQ: RDZN) Trading Performance Indicators
Here are Roadzen Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.05, a number that is poised to hit -0.35 in the next quarter and is forecasted to reach -0.22 in one year’s time.
Technical Analysis of Roadzen Inc (RDZN)
Let’s dig in a bit further. During the last 5-days, its volume was 0.25 million. That was inferior than the volume of 0.82 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 87.63%. Additionally, its Average True Range was 0.22.
During the past 100 days, Roadzen Inc’s (RDZN) raw stochastic average was set at 18.65%, which indicates a significant decrease from 90.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 139.37% in the past 14 days, which was lower than the 167.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.8600, while its 200-day Moving Average is $4.1300. However, in the short run, Roadzen Inc’s stock first resistance to watch stands at $2.4400. Second resistance stands at $2.6500. The third major resistance level sits at $2.9800. If the price goes on to break the first support level at $1.9000, it is likely to go to the next support level at $1.5700. The third support level lies at $1.3600 if the price breaches the second support level.
Roadzen Inc (NASDAQ: RDZN) Key Stats
With a market capitalization of 151.94 million, the company has a total of 68,441K Shares Outstanding. Currently, annual sales are 46,720 K while annual income is -99,670 K. The company’s previous quarter sales were 8,930 K while its latest quarter income was -48,410 K.
