Analyzing Stock On Your Own: Roadzen Inc (NASDAQ: RDZN)

Roadzen Inc (NASDAQ:RDZN) does about 2.04M shares in volume on a normal day but saw 781464 shares change hands in the recent trading day. The company now has a market cap of 149.20M USD. Its current market price is $2.18, marking a decrease of -13.83% compared to the previous close of $2.53. The 52 week high reached by this stock is $17.00 whilst the lowest price level in 52 weeks is $1.55.

Roadzen Inc (RDZN) has a 20-day trading average at $2.31 and the current price is -87.18% off the 52-week high compared with 40.65% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.07 and its 200-day simple moving average is $4.63. If we look at the stock’s price movements over the week, volatility stands at 24.62%, which decreases to 22.24% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.91 to suggest the stock is neutral.

The consensus objective for the share price is $10.00, suggesting that the stock has a potential upside of 78.2% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 23, 2024 when Maxim Group initiated the stock to “Buy” and issued a price target of $10.

Roadzen Inc (RDZN) stock is up 34.57% over the week and -23.51% over the past month. Its price is -57.17% year-to-date and -79.34% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of -0.44 below consensus estimates by -0.11. The company’s next earnings report forecasts estimating quarterly EPS at -0.3 and -0.69 for whole year. Expected sales for next quarter are $16.87M, which analysts say will come at $73.58M for the current fiscal year and next year at $106.09M. In addition, estimates put the company’s current quarterly revenue at an average of $14.93M.

To reach the target analysts have set, the stock logically needs to grow 78.2 percent from here.

The company has a return on equity of -101.03%. The beta has a value of 0.62. Price to sales ratio is 3.63.