Ryde Group Ltd [AMEX: RYDE] stock went on a downward path that fall over -8.69% on Thursday, amounting to a one-week price decrease of less than -7.36%.
Over the last 12 months, RYDE stock rose by 10.76%. The one-year Ryde Group Ltd stock forecast points to a potential upside of 13.56. The average equity rating for RYDE stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $21.36 million, with 27.60 million shares outstanding and 16.76 million shares in the current float. Compared to the average trading volume of 1.84M shares, RYDE stock reached a trading volume of 16451416 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 9.38, with the Price to Cash per share for the same quarter was set at 0.06.
RYDE Stock Performance Analysis:
Ryde Group Ltd [RYDE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.36. With this latest performance, RYDE shares gained by 37.78% in over the last four-week period, additionally plugging by 126.44% over the last 6 months – not to mention a rise of 10.76% 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 51.97, with the RSI for the last a single of trading hit 0.0745, and the three-weeks RSI is set at 0.0665 for Ryde Group Ltd [RYDE]. The present Moving Average for the last 50 days of trading for this stock 0.4126, while it was recorded at 0.5583 for the last single week of trading, and 0.3309 for the last 200 days.
Insight into Ryde Group Ltd Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Ryde Group Ltd [RYDE] shares currently have an operating margin of -61.38% and a Gross Margin at -2.88%. Ryde Group Ltd’s Net Margin is presently recorded at -96.19%.
Ryde Group Ltd (RYDE) Capital Structure & Debt Analysis
According to recent financial data for Ryde Group Ltd. ( RYDE), the Return on Equity (ROE) stands at -354.82%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -128.87%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Ryde Group Ltd’s Return on Invested Capital (ROIC) is -400.58%, showcasing its effectiveness in deploying capital for earnings.
Ryde Group Ltd (RYDE) Efficiency & Liquidity Metrics
Based on Ryde Group Ltd’s (RYDE) latest financial statements, the Debt-to-Equity Ratio is 0.04%, 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 -$249666.67 per employee. The company’s liquidity position is robust, with a Current Ratio of 0.90% and a Quick Ratio of 0.90%, indicating strong ability to cover short-term liabilities.
Ryde Group Ltd [RYDE] Institutonal Ownership Details
There are presently around $0.34%, or 0.41%% of RYDE stock, in the hands of institutional investors.
