A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Roadzen Inc’s current trading price is -70.15% away from its 52-week high, while its distance from the 52-week low is 201.41%. The stock’s price range for this time frame has been between $0.71 and $7.17. The trading volume of the company’s shares in the Technology reached around 0.55 million for the day, which was evidently higher than the average daily volume of 0.45 million over the last three months.
The stock market performance of Roadzen Inc has been fairly unsteady. Over the last year, the company’s stock hit its highest at $7.17 on 02/02/24, while the lowest price during the same time frame was $0.71, recorded on 11/14/24.
How Financial Performance Impacts Market Capitalization
Roadzen Inc (RDZN) has experienced a quarterly rise of 68.50% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 130.11M and boasts a workforce of 379 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.35, with a change in price of +0.79. Similarly, Roadzen Inc recorded 341,330 in trading volume during the last 100 days, posting a change of +58.52%.
RDZN Stock Stochastic Average
Roadzen Inc’s raw stochastic average for the past 50 days is currently at 66.20%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 61.17%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 74.59% and 79.37%, respectively.
RDZN Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant loss of -57.96% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -3.60%. Over the past 30 days, the price of RDZN has fallen by 115.29%. And in the last five days, it has surged by 4.39%.
