Roadzen (NASDAQ:RDZN) Issues Earnings Results

Roadzen (NASDAQ:RDZN) released its quarterly earnings results on Wednesday. The company reported ($0.04) earnings per share for the quarter, Zacks reports.

Roadzen Trading Down 2.3 %

Shares of RDZN stock traded down $0.03 during trading hours on Thursday, hitting $1.26. 52,173 shares of the company’s stock were exchanged, compared to its average volume of 318,392. Roadzen has a 12-month low of $0.71 and a 12-month high of $6.99. The company has a market capitalization of $93.48 million, a PE ratio of -0.66 and a beta of 0.21. The business’s 50 day simple moving average is $1.79 and its 200-day simple moving average is $1.44.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. ThinkEquity assumed coverage on shares of Roadzen in a research note on Monday, October 28th. They issued a “buy” rating and a $6.00 price target for the company. Maxim Group dropped their price objective on shares of Roadzen from $7.00 to $4.00 and set a “buy” rating for the company in a report on Friday, November 15th.

Roadzen Company Profile

Roadzen, Inc, an insurtech company, provides various insurance products in the United States and internationally. It offers insurance as a service platform, including Via, which enables fleets, carmakers, and insurers to inspect a vehicle using computer vision; Global Distribution Network that enables the configuration, customer quote, payment, and administration of any insurance policy with any insurance carrier as the underwriter; xClaim, which enables digital, touchless, and real-time resolution of claims; StrandD, a digital, real-time dispatch, and tracking for roadside assistance and first notice of loss during accident claims; Good Driving that enables insurers and fleets to recognize drivers, train drivers, and build usage based insurance programs; and Drivebuddy AI, which provides driver-assistance capabilities.