A Technical View of the Swvl Holdings Corp. (SWVL)

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Swvl Holdings Corp. (NASDAQ:SWVL) saw an upside of 4.18% to close Tuesday at $0.17 after adding $0.01 on the day. The 5-day average trading volume is 7,267,780 shares of the company’s common stock. It has gained $0.2179 in the past week and touched a new high 1 time within the past 5 days. An average of 22,869,295 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,311,704.

SWVL’s 1-month performance is 71.80% or $0.0568 on its low of $0.0851 reached on 12/28/22. The company’s shares have touched a 52-week low of $0.08 and high of $11.40. YTD, SWVL has achieved 25.40% or $0.0348 and has reached a new high 2 times. However, the current price is down -98.49% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.37.

Swvl Holdings Corp.’s quick ratio for the recent period was 0.70, with the current ratio over the same period at 0.70.. In terms of profitability, the gross margin trailing 12 months is -24.40%. The firm’s gross profit as reported stood at -$10.58 million against revenue of $38.34 million.

Earnings Surprise

Net income grew 100.0% to -$141.42 million, while revenue of $0.0 was 100.0% off the previous quarter. SWVL stock balance sheet for the recent quarter shows that total liabilities totaled 119.91 million, with total debt at $6.18 million.

Let’s look briefly at Swvl Holdings Corp. (SWVL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 41.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 79.65%.

The stock’s 5-day moving average is $0.1763, reflecting a -23.64% or -$0.0532 change from its current price. SWVL is currently trading +56.18% above its 20-day SMA, -89.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -55.95% and SMA200 by-97.51%.

Stochastic %K and %D was 13.35% and 18.10% and the average true range (ATR) pointed at 0.0497. The RSI (14) points at 42.14%, while the 14-day stochastic is at 11.58% with the period’s ATR at 0.0537. The stock’s 9-day MACD Oscillator is pointing at -0.0351 and -0.0418 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Swvl Holdings Corp. (NASDAQ: SWVL), Robert W. Baird launched coverage with an Outperform rating. Analysts offering their rating for SWVL stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SWVL as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 0 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $8.00 and a high of $8.00, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for Swvl Holdings Corp. (SWVL) stock is $8.00.

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