Ryde Group Ltd [AMEX: RYDE] gained 48.83% on the last trading session, reaching $0.57 price per share at the time.
Ryde Group Ltd represents 22.75 million in outstanding shares, while the company has a total market value of $23.13 million with the latest information. RYDE stock price has been found in the range of $0.3652 to $0.86.
If compared to the average trading volume of 403.07K shares, RYDE reached a trading volume of 96447658 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $0.59 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 Price to Book ratio for the last quarter was 5.15, with the Price to Cash per share for the same quarter was set at 0.10.
Trading performance analysis for RYDE stock
Ryde Group Ltd [RYDE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 50.40. With this latest performance, RYDE shares gained by 94.54% in over the last four-week period, additionally plugging by 162.67% over the last 6 months – not to mention a rise of 23.91% in the past year of trading.
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 81.24, with the RSI for the last a single of trading hit 0.0884, and the three-weeks RSI is set at 0.0568 for Ryde Group Ltd [RYDE]. The present Moving Average for the last 50 days of trading for this stock 0.3333, while it was recorded at 0.4112 for the last single week of trading, and 0.3230 for the last 200 days.
Ryde Group Ltd [RYDE]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Ryde Group Ltd [RYDE] shares currently have an operating margin of -164.81% and a Gross Margin at -97.83%. Ryde Group Ltd’s Net Margin is presently recorded at -207.60%.
Ryde Group Ltd (RYDE) Capital Structure & Debt Analysis
Ryde Group Ltd (RYDE) Efficiency & Liquidity Metrics
Based on Ryde Group Ltd’s (RYDE) latest financial statements, the Debt-to-Equity Ratio is 0.03%, indicating its reliance on debt financing relative to shareholder equity.
Ryde Group Ltd (RYDE) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Ryde Group Ltd. (RYDE) effectively leverages its workforce, generating an average of -$463666.67 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.60% and a Quick Ratio of 1.60%, indicating strong ability to cover short-term liabilities.
An analysis of Institutional ownership at Ryde Group Ltd [RYDE]
There are presently around $0.67%, or 0.99%% of RYDE stock, in the hands of institutional investors.
