Swvl (NASDAQ:SWVL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Swvl (NASDAQ:SWVL) to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings downgraded Swvl from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, October 12th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Swvl Stock Performance

NASDAQ:SWVL opened at $3.69 on Friday. Swvl has a 12-month low of $1.30 and a 12-month high of $8.48. The stock’s 50 day moving average price is $3.88 and its two-hundred day moving average price is $2.18.

Swvl (NASDAQ:SWVL) last issued its earnings results on Thursday, October 8th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $7.99 million during the quarter.

Institutional Trading of Swvl

A hedge fund recently bought a new stake in Swvl stock. Citadel Advisors LLC purchased a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 64,772 shares of the company’s stock, valued at approximately $87,000. Citadel Advisors LLC owned about 0.65% of Swvl as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 34.03% of the company’s stock.

Swvl Company Profile

Swvl Holdings Corp. (NASDAQ: SWVL) is a technology company that provides app-based transportation and mobility solutions. Its platform connects passengers with scheduled or on-demand shared rides, including bus and van services, with the goal of improving access to affordable and efficient urban transportation.

Founded in Egypt in 2017 by Mostafa Kandil, Swvl initially focused on solving public transportation challenges in emerging markets through digitally booked bus routes. The company has also developed mobility services for businesses, schools, and government entities, including employee transportation, student transport, and transit-management solutions.

Swvl has operated in multiple markets across the Middle East, Africa, and Asia, including Egypt, the United Arab Emirates, Saudi Arabia, Jordan, and Pakistan.