Ryde Group Ltd [AMEX: RYDE] gained 155.10% or 0.27 points to close at $0.45 with a heavy trading volume of 562846125 shares.
It opened the trading session at $0.4, the shares rose to $0.5876 and dropped to $0.301, the range by which the price of stock traded the whole day. The daily chart for RYDE points out that the company has recorded 18.42% gains over the past six months.
If we look at the average trading volume of 128.07K shares, RYDE reached to a volume of 562846125 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 $0.61 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 0.04, with the Price to Sales ratio for RYDE stock in the period of the last 12 months amounting to 1.77. The Price to Book ratio for the last quarter was 4.06, with the Price to Cash per share for the same quarter was set at 0.15.
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 112.46. With this latest performance, RYDE shares gained by 104.55% in over the last four-week period, additionally plugging by 18.42% over the last 6 months – not to mention a drop of -91.62% in the past year of trading.
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%.
Return on Equity for this stock declined to -262.39%, with Return on Assets sitting at -262.39%.
An analysis of Institutional ownership at Ryde Group Ltd [RYDE]
There are presently around $1.79%, or 2.53%% of RYDE stock, in the hands of institutional investors.
