Swvl (NASDAQ:SWVL) Stock Price Down 3.4% – Here’s What Happened

Shares of Swvl Holdings Corp. (NASDAQ:SWVL) traded down 3.4% on Wednesday . The company traded as low as $1.36 and last traded at $1.43. 10,929 shares were traded 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 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, According to MarketBeat, Swvl has an average rating of “Sell”.

Swvl Stock Down 2.8%

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 firm’s 50-day simple moving average is $1.61 and its two-hundred day simple moving average is $1.75.

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

Hedge Funds Weigh In On 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) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned about 0.37% of Swvl at the end of the most recent quarter. Institutional investors and hedge funds 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.