The stock of Ryde Group Ltd (RYDE) has gone down by -23.08% for the week, with a -35.14% drop in the past month and a -93.01% drop in the past quarter. The volatility ratio for the week is 11.91%, and the volatility levels for the past 30 days are 7.90% for RYDE. The simple moving average for the past 20 days is -25.42% for RYDE’s stock, with a -90.95% simple moving average for the past 200 days.
Is It Worth Investing in Ryde Group Ltd (AMEX: RYDE) Right Now?
Analysts have differing opinions on the stock, with 1 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 9.49M, and currently, short sellers hold a 4.67% ratio of that floaft. The average trading volume of RYDE on November 05, 2024 was 1.99M shares.
RYDE) stock’s latest price update
Ryde Group Ltd (AMEX: RYDE) has experienced a decline in its stock price by -12.73 compared to its previous closing price of 0.55. However, the company has seen a fall of -23.08% in its stock price over the last five trading days. businesswire.com reported 2024-11-01 that SINGAPORE–(BUSINESS WIRE)–Ryde Group Ltd (NYSE American: RYDE) (“Ryde” or the “Company”), a home-grown technology company with a leading platform for mobility and quick commerce in Singapore, is excited to announce that our app is now accessible to international travelers visiting Singapore. This strategic move aims to provide a seamless, convenient and a trusted ride-hailing service for travelers that aligns with their travel needs. With Ryde, international travelers can now effortlessly na.
RYDE Trading at -86.02% 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 -97.87% of loss for the given period.
Volatility was left at 7.90%, however, over the last 30 days, the volatility rate increased by 11.91%, as shares sank -34.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -93.95% lower at present.
During the last 5 trading sessions, RYDE fell by -23.08%, in comparison to the 20-day moving average, which settled at $0.6436. In addition, Ryde Group Ltd saw -88.00% 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:
- -2.77 for the present operating margin
- -2.14 for the gross margin
The net margin for Ryde Group Ltd stands at -2.87. The total capital return value is set at 2.86.
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 -1.62. The debt to equity ratio resting at -0.71. The interest coverage ratio of the stock is -46.15.
Currently, EBITDA for the company is -8.45 million with net debt to EBITDA at -0.17. When we switch over and look at the enterprise to sales, we see a ratio of 2.64. The receivables turnover for the company is 37.64for trailing twelve months and the total asset turnover is 1.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
In a nutshell, Ryde Group Ltd (RYDE) has experienced a bad performance in recent times. The stock has received mixed “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.
