On Friday, Roadzen Inc (NASDAQ: RDZN) opened lower -20.30% from the last session, before settling in for the closing price of $2.66. Price fluctuations for RDZN have ranged from $1.20 to $17.00 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 47.35% at the time writing. With a float of $17.85 million, this company’s outstanding shares have now reached $68.44 million.
The firm has a total of 379 workers. Let’s measure their productivity. 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 Activity
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. 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 27 ’24, was worth 4,460. In this transaction Director of this company bought 2,000 shares at a rate of $2.23, taking the stock ownership to the 11,550 shares. Before that another transaction happened on Aug 23 ’24, when Company’s See Remarks bought 345 for $1.68, making the entire transaction worth $580. This insider now owns 765,930 shares in total.
Roadzen Inc (RDZN) Earnings and Forecasts
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
Check out the current performance indicators for Roadzen Inc (RDZN). In the past quarter, the stock posted a quick ratio of 0.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.90.
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)
Analysing the last 5-days average volume posted by the [Roadzen Inc, RDZN], we can find that recorded value of 0.49 million was lower than the volume posted last year of 0.81 million. As of the previous 9 days, the stock’s Stochastic %D was 81.88%. Additionally, its Average True Range was 0.28.
During the past 100 days, Roadzen Inc’s (RDZN) raw stochastic average was set at 17.49%, which indicates a significant decrease from 57.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 170.19% in the past 14 days, which was higher than the 169.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.86, while its 200-day Moving Average is $4.08. Now, the first resistance to watch is $2.54. This is followed by the second major resistance level at $2.96. The third major resistance level sits at $3.27. If the price goes on to break the first support level at $1.81, it is likely to go to the next support level at $1.50. Should the price break the second support level, the third support level stands at $1.08.
Roadzen Inc (NASDAQ: RDZN) Key Stats
There are currently 68,441K shares outstanding in the company with a market cap of 145.09 million. Presently, the company’s annual sales total 46,720 K according to its annual income of -99,670 K. Last quarter, the company’s sales amounted to 8,930 K and its income totaled -48,410 K.
