The stock of Roadzen Inc (NASDAQ:RDZN) last traded at $2.76, down -6.38% from the previous session.
RDZN stock price is now -15.41% away from the 50-day moving average and -42.28% away from the 200-day moving average. The market capitalization of the company currently stands at $189.02M.
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With the price target of $10, Maxim Group recently initiated with Buy rating for Roadzen Inc (NASDAQ: RDZN).
In other news, SHAH AJAY, Director bought 10,000 shares of the company’s stock on Dec 13 ’23. The stock was bought for $31,000 at an average price of $3.10. Upon completion of the transaction, the Director now directly owns 487,399 shares in the company, valued at $1.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’23, Director SHAH AJAY bought 5,000 shares of the business’s stock. A total of $15,400 was incurred on buying the stock at an average price of $3.08. This leaves the insider owning 477,399 shares of the company worth $1.32 million. A total of 75.03% of the company’s stock is owned by insiders.
During the past 12 months, Roadzen Inc has had a low of $1.55 and a high of $17.00. The fifty day moving average price for RDZN is $3.2209 and a two-hundred day moving average price translates $4.726205 for the stock.
The latest earnings results from Roadzen Inc (NASDAQ: RDZN) was released for 2024-03-31. The company reported revenue of $15.64 million for the quarter, compared to $2.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 499.73 percent.
