In the past week, RDZN stock has gone down by -4.67%, with a monthly decline of -12.07% and a quarterly plunge of -62.91%. The volatility ratio for the week is 12.47%, and the volatility levels for the last 30 days are 21.78% for Roadzen Inc. The simple moving average for the past 20 days is -8.48% for RDZN’s stock, with a -54.68% simple moving average for the past 200 days.
Is It Worth Investing in Roadzen Inc (NASDAQ: RDZN) Right Now?
The 36-month beta value for RDZN is at 0.63. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for RDZN is 17.85M, and currently, shorts hold a 0.56% of that float. The average trading volume for RDZN on July 19, 2024 was 2.07M shares.
RDZN) stock’s latest price update
The stock price of Roadzen Inc (NASDAQ: RDZN) has dropped by -10.13 compared to previous close of 2.27. Despite this, the company has seen a fall of -4.67% in its stock price over the last five trading days. globenewswire.com reported 2024-07-18 that NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) — Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced that the Company’s Special Committee of Independent Directors has unanimously approved a plan for certain related parties to release $3.5 million of short-term debt in exchange for ordinary shares of RDZN. The related parties that have executed binding term sheets and agreed to the exchange include Roadzen’s CEO, Rohan Malhotra, and Pi Capital International Inc. and its affiliate Marco Polo Securities, Inc., which is principally owned by Roadzen’s Chairman of the Board.
Analysts’ Opinion of RDZN
Many brokerage firms have already submitted their reports for RDZN stocks, with Maxim Group repeating the rating for RDZN by listing it as a “Buy.” The predicted price for RDZN in the upcoming period, according to Maxim Group is $10 based on the research report published on May 23, 2024 of the current year 2024.
RDZN Trading at -26.93% from the 50-Day Moving Average
After a stumble in the market that brought RDZN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.00% of loss for the given period.
Volatility was left at 21.78%, however, over the last 30 days, the volatility rate increased by 12.47%, as shares sank -12.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -49.13% lower at present.
During the last 5 trading sessions, RDZN fell by -4.67%, which changed the moving average for the period of 200-days by -53.64% in comparison to the 20-day moving average, which settled at $2.21. In addition, Roadzen Inc saw -59.92% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RDZN starting from SHAH AJAY, who purchase 10,000 shares at the price of $3.10 back on Dec 13 ’23. After this action, SHAH AJAY now owns 487,399 shares of Roadzen Inc, valued at $31,000 using the latest closing price.
SHAH AJAY, the Director of Roadzen Inc, purchase 5,000 shares at $3.08 during a trade that took place back on Dec 12 ’23, which means that SHAH AJAY is holding 477,399 shares at $15,400 based on the most recent closing price.
Stock Fundamentals for RDZN
Current profitability levels for the company are sitting at:
- -1.66 for the present operating margin
- 0.61 for the gross margin
The net margin for Roadzen Inc stands at -2.13. The total capital return value is set at 10.33. Equity return is now at value -101.03, with -72.04 for asset returns.
Based on Roadzen Inc (RDZN), the company’s capital structure generated 2.01 points at debt to capital in total, while cash flow to debt ratio is standing at -0.2. The debt to equity ratio resting at -1.99. The interest coverage ratio of the stock is -49.81.
Currently, EBITDA for the company is -74.63 million with net debt to EBITDA at -0.09. When we switch over and look at the enterprise to sales, we see a ratio of 3.18. The receivables turnover for the company is 8.53for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
Conclusion
In conclusion, Roadzen Inc (RDZN) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
