Roadzen (NASDAQ:RDZN) Announces Earnings Results

Roadzen (NASDAQ:RDZN) announced its earnings results on Wednesday. The company reported ($0.04) earnings per share for the quarter, Zacks reports.

Roadzen Price Performance

Roadzen stock traded down $0.10 during mid-day trading on Friday, reaching $1.40. 39,187 shares of the company traded hands, compared to its average volume of 315,576. The firm’s fifty day moving average is $1.79 and its two-hundred day moving average is $1.44. The company has a market capitalization of $103.50 million, a price-to-earnings ratio of -0.73 and a beta of 0.21. Roadzen has a fifty-two week low of $0.71 and a fifty-two week high of $6.99.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Maxim Group decreased their price objective on Roadzen from $7.00 to $4.00 and set a “buy” rating for the company in a report on Friday, November 15th. ThinkEquity initiated coverage on Roadzen in a research note on Monday, October 28th. They issued a “buy” rating and a $6.00 price target for the company.

About Roadzen

Roadzen, Inc, an insurtech company, provides various insurance products in the United States and internationally. It offers insurance as a service platform, including Via, which enables fleets, carmakers, and insurers to inspect a vehicle using computer vision; Global Distribution Network that enables the configuration, customer quote, payment, and administration of any insurance policy with any insurance carrier as the underwriter; xClaim, which enables digital, touchless, and real-time resolution of claims; StrandD, a digital, real-time dispatch, and tracking for roadside assistance and first notice of loss during accident claims; Good Driving that enables insurers and fleets to recognize drivers, train drivers, and build usage based insurance programs; and Drivebuddy AI, which provides driver-assistance capabilities.