The volatility ratio for the week is 13.36%, and the volatility levels for the past 30 days are at 21.60% for RYDE. The simple moving average for the past 20 days is 34.92% for RYDE’s stock, with a 9.90% simple moving average for the past 200 days.
Is It Worth Investing in Ryde Group Ltd. (AMEX: RYDE) Right Now?
Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RYDE is 7.72M, and at present, short sellers hold a 0.14% of that float. On May 06, 2024, the average trading volume of RYDE was 302.07K shares.
RYDE) stock’s latest price update
Ryde Group Ltd. (AMEX: RYDE)’s stock price has gone rise by 12.14 in comparison to its previous close of 3.87, however, the company has experienced a 30.72% increase 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 9.90% 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 -46.55% of loss for the given period.
Volatility was left at 21.60%, however, over the last 30 days, the volatility rate increased by 13.36%, as shares surge +46.13% for the moving average over the last 20 days.
During the last 5 trading sessions, RYDE rose by +30.72%, in comparison to the 20-day moving average, which settled at $3.29. In addition, Ryde Group Ltd. saw 8.50% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for RYDE
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.19.
Conclusion
To sum up, Ryde Group Ltd. (RYDE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
