In the past week, RYDE stock has gone down by -90.28%, with a monthly decline of -78.26% and a quarterly plunge of -75.76%. The volatility ratio for the week is 169.78%, and the volatility levels for the last 30 days are 50.84% for Ryde Group Ltd. . The simple moving average for the past 20 days is -83.29% for RYDE’s stock, with a -74.28% simple moving average for the past 200 days.
Is It Worth Investing in Ryde Group Ltd. (AMEX: RYDE) Right Now?
There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for RYDE is 9.49M, and at present, short sellers hold a 0.64% of that float. The average trading volume of RYDE on September 13, 2024 was 1.02M shares.
RYDE) stock’s latest price update
Ryde Group Ltd. (AMEX: RYDE)’s stock price has gone decline by -18.99 in comparison to its previous close of 2.08, however, the company has experienced a -90.28% decrease in its stock price over the last five trading days. businesswire.com reported 2024-07-26 that SINGAPORE–(BUSINESS WIRE)–Ryde Group Ltd (NYSE American: RYDE) (“Ryde” or the “Company”), a technology company with a leading platform for mobility and quick commerce in Singapore, is proud to announce Ryde Empowers, a groundbreaking initiative designed to nurture and support local talent in Singapore. This initiative is aligned with the UN Sustainable Development Goals to promote good health and well-being and reduced inequalities. Ryde Empowers is dedicated to nurturing Singaporean talent a.
RYDE Trading at -79.64% 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 -92.51% of loss for the given period.
Volatility was left at 50.84%, however, over the last 30 days, the volatility rate increased by 169.78%, as shares sank -80.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -73.18% lower at present.
During the last 5 trading sessions, RYDE fell by -90.02%, in comparison to the 20-day moving average, which settled at $9.73. In addition, Ryde Group Ltd. saw -57.88% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RYDE
Current profitability levels for the company are sitting at:
- -1.35 for the present operating margin
- -0.87 for the gross margin
The net margin for Ryde Group Ltd. stands at -1.48. The total capital return value is set at 1.56.
Based on Ryde Group Ltd. (RYDE), the company’s capital structure generated -2.43 points at debt to capital in total, while cash flow to debt ratio is standing at -0.3. The debt to equity ratio resting at -0.71. The interest coverage ratio of the stock is -26.39.
Currently, EBITDA for the company is -8.45 million with net debt to EBITDA at -0.32. When we switch over and look at the enterprise to sales, we see a ratio of 33.95. The receivables turnover for the company is 41.98for trailing twelve months and the total asset turnover is 1.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.19.
Conclusion
In summary, Ryde Group Ltd. (RYDE) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
