Ryde Group Ltd (AMEX: RYDE) – Not A Clear Buying Opportunity?

Ryde Group Ltd (RYDE) concluded trading on Thursday at a closing price of $0.44, with 22.48 million shares of worth about $9.89 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -91.86% during that period and on December 26, 2024 the price saw a gain of about 42.26%. Currently the company’s common shares owned by public are about 17.34M shares, out of which, 14.90M shares are available for trading.

Stock saw a price change of 30.09% in past 5 days and over the past one month there was a price change of 4.90%. Over the period of past 52 weeks, stock dropped to lowest price of $0.28 but also hit the highest price of $22.49 during that period. The average intraday trading volume for Ryde Group Ltd shares is 718.01K. The stock is currently trading 17.78% above its 20-day simple moving average (SMA20), while that difference is down -6.42% for SMA50 and it goes to -90.03% lower than SMA200.

Ryde Group Ltd (AMEX: RYDE) currently have 17.34M outstanding shares and institutions hold larger chunk of about 0.87% of that.

The stock has a current market capitalization of $11.59M. It has posted earnings per share of -$0.95 in the same period. It has Quick Ratio of 1.49 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RYDE, volatility over the week remained 32.68% while standing at 13.01% over the month.

Stock’s fiscal year EPS is expected to rise by 49.50% while it is estimated to increase by 35.00% in next year.

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