Ryde Group Ltd (AMEX:RYDE) does about 2.00M shares in volume on a normal day but saw 2513747 shares change hands in the recent trading day. The company now has a market cap of 12.62M USD. Its current market price is $0.48, marking a decrease of -9.43% compared to the previous close of $0.53. The 52 week high reached by this stock is $22.49 whilst the lowest price level in 52 weeks is $0.44.
Ryde Group Ltd (RYDE) has a 20-day trading average at $0.5917 and the current price is -97.87% off the 52-week high compared with 9.09% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.7220. If we look at the stock’s price movements over the week, volatility stands at 12.18%, which decreases to 9.27% 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 33.51 to suggest the stock is neutral.
The consensus objective for the share price is $2.00, suggesting that the stock has a potential upside of 76.0% 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 -18.88%, -82.37%, and -90.71% away from its SMA20, SMA50, and SMA200 respectively, with the RYDE price moving above the 50-day SMA on current market day. Its price is -88.00% 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 76.0 percent from here.
The company has a return on investment of -700.87%. Price to book ratio is 4.23 and price to sales ratio is 2.18.
