Roadzen (NASDAQ:RDZN) Releases Quarterly Earnings Results

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

Roadzen Price Performance

NASDAQ:RDZN traded down $0.10 during trading hours on Friday, reaching $1.40. The company had a trading volume of 39,187 shares, compared to its average volume of 315,576. The firm has a market cap of $103.50 million, a PE ratio of -0.73 and a beta of 0.21. Roadzen has a 1-year low of $0.71 and a 1-year high of $6.99. The business’s 50 day moving average price is $1.79 and its 200-day moving average price is $1.44.

Wall Street Analyst Weigh In

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

About Roadzen

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.