Swvl (NASDAQ:SWVL) Shares Down 12.4% – Should You Sell?

Swvl Holdings Corp. (NASDAQ:SWVL)’s share price fell 12.4% during mid-day trading on Tuesday . The company traded as low as $2.10 and last traded at $2.19. 34,616 shares traded hands during mid-day trading, an increase of 490% from the average session volume of 5,863 shares. The stock had previously closed at $2.50.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Swvl in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Swvl Stock Performance

The company has a 50-day moving average of $3.01 and a 200-day moving average of $3.67. The stock has a market capitalization of $21.68 million, a price-to-earnings ratio of 0.25 and a beta of 0.82.

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.