Swvl (NASDAQ:SWVL) Stock Price Down 12.4% – What’s Next?

Swvl Holdings Corp. (NASDAQ:SWVL) shares dropped 12.4% on Tuesday . The stock traded as low as $2.10 and last traded at $2.19. Approximately 34,616 shares were traded during trading, an increase of 490% from the average daily volume of 5,863 shares. The stock had previously closed at $2.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Swvl in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Swvl currently has an average rating of “Sell”.

Swvl Price Performance

The firm has a market capitalization of $21.68 million, a price-to-earnings ratio of 0.25 and a beta of 0.82. The business’s 50 day moving average price is $3.01 and its 200-day moving average price is $3.67.

Swvl Company Profile

Swvl Holdings Corp. provides mass transit ridesharing services. It offers B2C Swvl Retail, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities; Swvl Travel that allows riders to book rides on long-distance intercity routes on vehicle available through the Swvl platform or through third-party services; and Swvl Business, a transport as a service enterprise product for businesses, schools, municipal transit agencies, and other customers.