Roadzen Inc (RDZN) saw an uptrend of 20.35% in the recent trading with $1.36 being its most recent. The current price level -54.52% lower than the highest price of $2.99 marked by the stock while trading over the past 52-weeks, whereas it is 100.00% higher than the lowest price of $0.68 the company dropped to over past 52-weeks. The latest news story on RDZN appeared in (GlobeNewswire) under the title “Roadzen Wins Major Auto Insurance Mandate Worth More Than $20 Million in Annual Premiums from One of the World’s Largest Carmakers”.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.00 for the stock.
Roadzen Inc Earnings – What Happened With RDZN
Coming around sales and income figures on RDZN Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Roadzen Inc (RDZN) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 9.77% for net revenue.
RDZN – Roadzen Inc Stock Earnings Estimates
The perspective of Roadzen Inc (NASDAQ:RDZN)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.35 for stock’s EPS in the current quarter. Roadzen Inc (RDZN) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 9.77% for net revenue. Company’s EPS for the last quarter was -0.32.
Roadzen Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 74.29 million. RDZN does have institutional investors; and they hold 5.30% of the stock.
As on 2024-06-30, METEORA CAPITAL, LLC was the top most holder in Roadzen Inc (NASDAQ:RDZN) with an ownership of 4.03 million shares of the company or 5.8828 of the stake worth $8.94 million. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 0.901 of the outstanding shares. Its stake is worth $1.37 million for having 0.62 million shares in hand.
GEODE CAPITAL MANAGEMENT, LLC also came holding a key position in the company during the recent quarter and it now holds 0.26 of the outstanding shares. With this there are now 54.0 institutions which have possession in RDZN’s shares.
