Swvl (NASDAQ:SWVL) Trading 4% Higher – What’s Next?

Swvl Holdings Corp. (NASDAQ:SWVL) traded up 4% on Thursday . The company traded as high as $1.70 and last traded at $1.57. 41,332 shares changed hands during mid-day trading, an increase of 212% from the average session volume of 13,263 shares. The stock had previously closed at $1.51.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Swvl in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Swvl Stock Performance

The business has a 50-day moving average price of $1.58 and a two-hundred day moving average price of $1.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.08.

Institutional Trading of Swvl

A hedge fund recently bought a new stake in Swvl stock. Angeles Wealth Management LLC acquired a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned 0.37% of Swvl at the end of the most recent quarter. 34.03% of the stock is currently owned by hedge funds and other institutional investors.

About Swvl

Swvl Inc is a provider of bus-based mass transit and shared mobility solutions, operating through a digital platform that connects commuters with scheduled bus routes and on-demand shuttles. The company’s technology-driven approach enables users to book rides via its mobile application, offering affordable and reliable transportation alternatives in urban and intercity markets. Swvl’s services cater to both individual commuters and corporate clients, helping businesses manage employee transportation through customized route planning and fleet management tools.

Founded in 2017 by Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh, Swvl began operations in Cairo, Egypt, before rapidly expanding across emerging markets.