A share price of Roadzen Inc [RDZN] is currently trading at $1.60, up 17.65%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RDZN shares have gain 49.53% over the last week, with a monthly amount glided 58.42%, and seem to be holding up well over a long-time horizon.
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 $0.71 and $7.17. Roadzen Inc [NASDAQ: RDZN] shares were valued at $1.60 at the most recent close of the market.
Analyzing the RDZN fundamentals
Trailing Twelve Months sales for Roadzen Inc [NASDAQ:RDZN] were 46.45M which represents -23.25% decline. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 1.2567 points at the first support level, and at 0.9133 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9367, and for the 2nd resistance point, it is at 2.2733.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Roadzen Inc [NASDAQ:RDZN] is 0.38. In addition, the Quick Ratio stands at 0.34 and the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 2.77.
Transactions by insiders
Recent insider trading involved Malhotra Rohan, that happened on Nov 27 ’24 when 797.0 shares were purchased., Malhotra Rohan completed a deal on Nov 29 ’24 to buy 135.0 shares. Meanwhile, Malhotra Rohan bought 3750.0 shares on Nov 22 ’24.
