Ryde Group (NYSEAMERICAN:RYDE) Now Covered by Maxim Group

Equities research analysts at Maxim Group started coverage on shares of Ryde Group (NYSEAMERICAN:RYDE) in a research report issued on Tuesday, Benzinga reports. The firm set a “buy” rating and a $8.00 price target on the stock. Maxim Group’s target price indicates a potential upside of 113.33% from the company’s previous close.

Ryde Group Stock Up 37.4 %

NYSEAMERICAN:RYDE opened at $3.75 on Tuesday. Ryde Group has a 1 year low of $2.02 and a 1 year high of $8.12.

About Ryde Group

Ryde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides on-demand and scheduled carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.