Is It Worthwhile For Investors To Follow These Insider Trades On Swvl Holdings Corp. (SWVL)?

BEPC Stock
BEPC Stock

Swvl Holdings Corp. (NASDAQ:SWVL) finished Thursday with an addition of $0.01 to close at $0.11, an upside of 8.76 percent. An average of 15,151,199 shares of common stock have been traded in the last five days. There was a gain of $0.0055 in the past week. The last 20 days have seen an average of 4,446,945 shares traded, while the 50-day average volume stands at 1,999,894.

SWVL stock has decreased by -73.49% in the last month. The company shares reached their 1-month lowest point of $0.0825 on 12/22/22. Shares of the company touched a low of $0.08 and a high of $11.40 in 52 weeks. In spite of this, the price is down -99.07% from the 52-week high.

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Financial Health

The quick ratio of Swvl Holdings Corp. for the recent quarter was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at -$10.58 million compared to revenue of $38.34 million.

Earnings Surprise

The company posted a net income of -$141.42 million in the quarter, while revenues were grew 100.0%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Swvl Holdings Corp. (SWVL) price momentum. RSI 9-day as of the close on 29 December was 18.74%, suggesting the stock is oversold, with historical volatility in this time frame at 189.51%.

As of today, SWVL’s price is $0.1055 +5.50% or $0.0055 from its 5-day moving average. SWVL is currently trading -71.49% lower than its 20-day SMA and -93.90% lower than its 100-day SMA. However, the stock’s current price level is -83.52% below the SMA50.

The stochastic %K and %D were 7.12% and 8.37%, respectively, and the average true range (ATR) was 0.0409. With the 14-day stochastic at 9.12% and the average true range at 0.0479, the RSI (14) stands at 19.88%. The stock has reached -0.0183 on the 9-day MACD Oscillator while the 14-day reading was at -0.0656.

Analyst Ratings

Robert W. Baird launched coverage on Swvl Holdings Corp. (NASDAQ: SWVL) in its analyst report released on September 09, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Swvl Holdings Corp. (SWVL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SWVL, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.

What is SWVL’s price target for the next 12 months?

Analysts predict a range of price targets between $1.50 and $8.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Swvl Holdings Corp. (SWVL) stock is $4.83.


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