A new trading day began on Monday, with Roadzen Inc (NASDAQ: RDZN) stock price down -11.70% from the previous day of trading, before settling in for the closing price of $1.71. RDZN’s price has ranged from $0.68 to $2.99 over the past 52 weeks.
Meanwhile, its annual earnings per share averaged 92.31%. With a float of $44.96 million, this company’s outstanding shares have now reached $74.29 million.
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 40.85%, while institutional ownership is 5.09%. The most recent insider transaction that took place on Mar 12 ’25, was worth 2,507. In this transaction an insider of this company bought 2,300 shares at a rate of $1.09, taking the stock ownership to the 807,837 shares. Before that another transaction happened on Mar 06 ’25, when Company’s insider bought 16,750 for $1.06, making the entire transaction worth $17,755. This insider now owns 803,537 shares in total.
Roadzen Inc (RDZN) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.32 per share, which was $0.1 higher 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 -0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 92.31% 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 0.42. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.41, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.10 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 1.33 million. That was better than the volume of 0.38 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 66.54%.
During the past 100 days, Roadzen Inc’s (RDZN) raw stochastic average was set at 61.37%, which indicates a significant increase from 45.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.1787 in the past 14 days, which was higher than the 0.1055 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1233, while its 200-day Moving Average is $1.1103. However, in the short run, Roadzen Inc’s stock first resistance to watch stands at $1.6800. Second resistance stands at $1.8500. The third major resistance level sits at $1.9600. If the price goes on to break the first support level at $1.4000, it is likely to go to the next support level at $1.2900. The third support level lies at $1.1200 if the price breaches the second support level.
Roadzen Inc (NASDAQ: RDZN) Key Stats
With a market capitalization of 114.79 million, the company has a total of 76,022K Shares Outstanding. Currently, annual sales are 44,300 K while annual income is -72,870 K. The company’s previous quarter sales were 10,870 K while its latest quarter income was -4,010 K.
