Swvl (NASDAQ:SWVL) Releases Quarterly Earnings Results

Swvl (NASDAQ:SWVL) announced its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $8.24 million during the quarter.

Swvl Stock Performance

Shares of Swvl stock opened at $1.53 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 1.08. The business has a fifty day simple moving average of $1.60 and a two-hundred day simple moving average of $1.81. Swvl has a 12 month low of $1.31 and a 12 month high of $4.89.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Swvl in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Swvl

A hedge fund recently bought a new stake in Swvl stock. Angeles Wealth Management LLC purchased a new stake in shares of Swvl Holdings Corp. (NASDAQ:SWVL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned approximately 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.