Swvl (NASDAQ:SWVL) Trading Down 3.4% – Time to Sell?

Swvl Holdings Corp. (NASDAQ:SWVL) shares fell 3.4% during trading on Wednesday . The stock traded as low as $1.36 and last traded at $1.43. 10,929 shares traded hands during trading, a decline of 80% from the average daily volume of 54,933 shares. The stock had previously closed at $1.48.

Analysts Set New Price Targets

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

Swvl Stock Down 3.4%

The business’s fifty day moving average is $1.61 and its two-hundred day moving average is $1.76. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 1.08.

Swvl (NASDAQ:SWVL) last released its quarterly earnings results on Monday, April 20th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $6.99 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Swvl stock. Angeles Wealth Management LLC acquired a new stake in shares of Swvl Holdings Corp. (NASDAQ:SWVL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 reporting period. Hedge funds and other institutional investors own 34.03% of the company’s stock.

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.