Ryde Group Ltd. (AMEX:RYDE) does about 1.89M shares in volume on a normal day but saw 1713895 shares change hands in the recent trading day. The company now has a market cap of 15.16M USD. Its current market price is $0.73, marking an increase of 11.21% compared to the previous close of $0.65. The 52 week high reached by this stock is $22.49 whilst the lowest price level in 52 weeks is $0.65.
Ryde Group Ltd. (RYDE) has a 20-day trading average at $0.9343 and the current price is -96.77% off the 52-week high compared with 11.62% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.6183. If we look at the stock’s price movements over the week, volatility stands at 8.56%, which increases to 15.35% 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 34.63 to suggest the stock is neutral.
The consensus objective for the share price is $9.06, suggesting that the stock has a potential upside of 91.94% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The current price level is -22.30%, -87.08%, and -87.40% away from its SMA20, SMA50, and SMA200 respectively, with the RYDE price moving above the 50-day SMA on current market day. Ryde Group Ltd. (RYDE) stock is down -1.35% over the week and -62.19% over the past month. Its price is -81.85% year-to-date.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 91.94 percent from here.
Price to sales ratio is 2.35.
