Ryde Group Ltd [AMEX: RYDE] plunged by -$0.02 during the normal trading session on while it closed the day at $0.41.
Ryde Group Ltd stock has also loss -3.30% of its value over the past 7 days. However, RYDE stock has declined by -94.07% in the 3 months of the year. Over the past six months meanwhile, it has lost -95.50% and lost -89.68% year-on date.
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The market cap for RYDE stock reached $10.85 million, with 15.57 million shares outstanding and 14.90 million shares in the current float. Compared to the average trading volume of 2.05M shares, RYDE reached a trading volume of 126076 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Ryde Group Ltd [RYDE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RYDE shares is $1.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RYDE stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Ryde Group Ltd is set at 0.11, with the Price to Sales ratio for RYDE stock in the period of the last 12 months amounting to 1.87. The Price to Book ratio for the last quarter was 3.64, with the Price to Cash per share for the same quarter was set at 0.08.
RYDE stock trade performance evaluation
Ryde Group Ltd [RYDE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.30. With this latest performance, RYDE shares dropped by -29.56% in over the last four-week period, additionally sinking by -95.50% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RYDE stock in for the last two-week period is set at 32.99, with the RSI for the last a single of trading hit 30.33, and the three-weeks RSI is set at 36.17 for Ryde Group Ltd [RYDE]. The present Moving Average for the last 50 days of trading for this stock 0.6650, while it was recorded at 0.4223 for the last single week of trading.
Ryde Group Ltd [RYDE]: An insightful look at the core fundamentals
Ryde Group Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.49 and a Current Ratio set at 1.49.
