In the past week, RYDE stock has gone up by 19.76%, with a monthly decline of -3.43% and a quarterly plunge of -52.24%. The volatility ratio for the week is 10.27%, and the volatility levels for the last 30 days are 7.69% for Ryde Group Ltd The simple moving average for the last 20 days is 8.94% for RYDE stock, with a simple moving average of -90.82% for the last 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,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for RYDE is 14.90M and currently, short sellers hold a 0.64% of that float. On December 26, 2024, RYDE’s average trading volume was 718.01K shares.
RYDE) stock’s latest price update
Ryde Group Ltd (AMEX: RYDE) has seen a rise in its stock price by 30.97 in relation to its previous close of 0.31. However, the company has experienced a 19.76% gain in its stock price over the last five trading sessions. accesswire.com reported 2024-12-26 that SINGAPORE, SG / ACCESSWIRE / December 26, 2024 / 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 that Ryde’s licence has been renewed for 3 years under full ride-hail service operator license and carpool service operator license, reflecting its dedication to delivering exceptional and sustainable mobility solutions for Singapore. Empowering Driver-Partners and Enhancing Rider-Experiences Since its inception in 2014, Ryde has positioned itself as both a driver-first and rider-friendly platform, focused on empowering driver-partners and uplifting communities while enhancing commuter experiences.
RYDE Trading at -13.72% 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 -98.19% of loss for the given period.
Volatility was left at 7.69%, however, over the last 30 days, the volatility rate increased by 10.27%, as shares sank -11.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.72% lower at present.
During the last 5 trading sessions, RYDE rose by +13.57%, which changed the moving average for the period of 200-days by -94.03% in comparison to the 20-day moving average, which settled at $0.3716. In addition, Ryde Group Ltd saw -89.85% 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 2.91.
Based on Ryde Group Ltd (RYDE), the company’s capital structure generated -12.46 points at debt to capital in total, while cash flow to debt ratio is standing at -1.68. The debt to equity ratio resting at -0.93. The interest coverage ratio of the stock is -46.64.
Currently, EBITDA for the company is -12.02 million with net debt to EBITDA at -0.16. When we switch over and look at the enterprise to sales, we see a ratio of 2.27. The receivables turnover for the company is 38.28for trailing twelve months and the total asset turnover is 1.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
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.
