Roadzen Inc [RDZN] stock prices are up 4.63% to $1.04 at the moment. 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 33.33% over the last week, with a monthly amount glided 5.39%, and 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.
The stock price of Roadzen Inc [RDZN] has been fluctuating between $0.71 and $7.17 over the past year. Roadzen Inc [NASDAQ: RDZN] shares were valued at $1.04 at the most recent close of the market.
Analyzing the RDZN fundamentals
The Roadzen Inc [NASDAQ:RDZN] reported sales of 46.45M for trailing twelve months, representing a drop of -23.25%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at -2.59%, Pretax Profit Margin comes in at -473918.95%, and Net Profit Margin reading is -469556.47%. To continue investigating profitability, this company’s Return on Assets is posted at -748523.44, Equity is 2.58 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.13.
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 0.9993 points at the first support level, and at 0.9587 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0753, and for the 2nd resistance point, it is at 1.1107.
Ratios To Look Out For
It’s worth pointing out that Roadzen Inc [NASDAQ:RDZN]’s Current Ratio is 0.38. Further, the Quick Ratio stands at 0.34, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 1.53.
Transactions by insiders
Recent insider trading involved Malhotra Rohan, that happened on Nov 22 ’24 when 3750.0 shares were purchased., Malhotra Rohan completed a deal on Nov 21 ’24 to buy 3000.0 shares. Meanwhile, Malhotra Rohan bought 250.0 shares on Nov 20 ’24.
