Swvl (NASDAQ:SWVL) Shares Down 5.8% – Time to Sell?

Swvl Holdings Corp. (NASDAQ:SWVL)’s stock price was down 5.8% on Thursday . The stock traded as low as $3.09 and last traded at $3.09. Approximately 8,256 shares were traded during trading, a decline of 33% from the average daily volume of 12,328 shares. The stock had previously closed at $3.28.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Swvl in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Swvl has a consensus rating of “Sell”.

Swvl Stock Performance

The firm has a market capitalization of $30.59 million, a P/E ratio of 0.35 and a beta of 0.82. The firm’s 50-day moving average is $3.34 and its 200 day moving average is $3.78.

Swvl Company Profile

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.