A share price of Roadzen Inc [RDZN] is currently trading at $2.22, up 11.00%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RDZN shares have gain 43.23% over the last week, with a monthly amount drifted -26.00%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Roadzen Inc [NASDAQ: RDZN] stock has seen the most recent analyst activity on May 23, 2024, when Maxim Group initiated its Buy rating and assigned the stock a price target of $10.
Roadzen Inc experienced fluctuations in its stock price throughout the past year between $1.55 and $17.00. Roadzen Inc [NASDAQ: RDZN] shares were valued at $2.22 at the most recent close of the market.
Analyzing the RDZN fundamentals
Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at -1.11%, Pretax Profit Margin comes in at -1.69%, and Net Profit Margin reading is -1.68%. To continue investigating profitability, this company’s Return on Assets is posted at -1.05, Equity is 2.69 and Total Capital is -99.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -19.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.00 points at the first support level, and at 1.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.40, and for the 2nd resistance point, it is at 2.59.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Roadzen Inc [NASDAQ:RDZN] is 0.77. Further, the Quick Ratio stands at 0.72, while the Cash Ratio is 0.14.
Transactions by insiders
Recent insider trading involved SHAH AJAY, Director, that happened on Dec 13 ’23 when 10000.0 shares were purchased. Director, SHAH AJAY completed a deal on Dec 12 ’23 to buy 5000.0 shares. Meanwhile, Director VedBrat Supurna bought 2000.0 shares on Dec 11 ’23.
