Ryde Group Ltd. (AMEX: RYDE) – Time For Strategy Change?

Ryde Group Ltd. (AMEX:RYDE) currently has a daily average trading volume of 1.87M but it saw 827973 shares traded in last market. With a market cap of 13.99M USD, the company’s current market price of $0.67 came falling about -6.16 while comparing to the previous closing price of $0.71. In past 52 weeks, the stock remained buoying in the range of price level as high as $22.49 and as low as $0.66. In the recent trading on the day, stock has struck highest price mark of $0.6509 while lowest mark touched by it was $0.7264.

Taking a look at 20-day trading activity of Ryde Group Ltd. (RYDE) gives us an average price of $1.0404, while its current price level is -97.02% below from 52-week high level whereas it is 2.10% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.8730. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.15% during that period while stretching the period over a month that increases to 47.88%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 34.00 which implies that the stock is in neutral territory.

Over the week, RYDE’s stock price is moving -9.46% down while it is -94.89% when we observe its performance for the past one month. Year-to-date it is -83.25% down and over the past year.

Currently, Ryde Group Ltd.’s total number of outstanding shares is 15.57M. Stock has a price to sale or P/S ratio amounts to 2.17. Its return on asset (ROA) is -266.14% on average.