Swvl (NASDAQ:SWVL – Get Free Report) issued its earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, FiscalAI reports. The business had revenue of $7.99 million during the quarter.
Swvl Stock Performance
Shares of SWVL stock opened at $3.92 on Friday. The company’s 50-day simple moving average is $3.43 and its two-hundred day simple moving average is $2.19. Swvl has a one year low of $1.30 and a one year high of $8.48.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Swvl in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
Institutional Investors Weigh In On Swvl
A hedge fund recently bought a new stake in Swvl stock. Citadel Advisors LLC bought a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 64,772 shares of the company’s stock, valued at approximately $87,000. Citadel Advisors LLC owned about 0.65% of Swvl at the end of the most recent reporting period. 34.03% of the stock is owned by hedge funds and other institutional investors.
About Swvl
Swvl Holdings Corp. is a technology company that provides app-based mass-transit and mobility services. Through its platform, riders can book seats on buses, vans and other shared vehicles operating along fixed or flexible routes, with the goal of offering a more convenient and efficient alternative to traditional public transportation.
The company also provides mobility solutions for businesses, schools, governments and other organizations. These services may include employee transportation, school transportation, fleet management and route-planning tools, allowing institutions to manage scheduled or on-demand transportation through Swvl’s technology platform.
Founded in Egypt in 2017 by Mostafa Kandil, Swvl expanded its operations across several emerging markets, including countries in Africa, Asia and the Middle East.
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