The volatility ratio for the week is 11.01%, and the volatility levels for the past 30 days are at 23.21% for RYDE. The simple moving average for the past 20 days is 6.85% for RYDE’s stock, with a -16.45% simple moving average for the past 200 days.
Is It Worth Investing in Ryde Group Ltd. (AMEX: RYDE) Right Now?
Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for RYDE is 7.72M and currently, short sellers hold a 0.14% of that float. On April 29, 2024, RYDE’s average trading volume was 306.14K shares.
RYDE) stock’s latest price update
Ryde Group Ltd. (AMEX: RYDE)’s stock price has gone decline by -8.29 in comparison to its previous close of 3.62, however, the company has experienced a -7.78% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-03-02 that U.S. IPO Weekly Recap: Microcap Makes Volatile Debut To Close Out February
RYDE Trading at -16.45% from the 50-Day Moving Average
After a stumble in the market that brought RYDE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.11% of loss for the given period.
Volatility was left at 23.21%, however, over the last 30 days, the volatility rate increased by 11.01%, as shares sank -10.27% for the moving average over the last 20 days.
During the last 5 trading sessions, RYDE fell by -7.78%, in comparison to the 20-day moving average, which settled at $3.09. In addition, Ryde Group Ltd. saw -17.00% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RYDE
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.25.
Conclusion
To wrap up, the performance of Ryde Group Ltd. (RYDE) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
