Roadzen (NASDAQ:RDZN) Posts Quarterly Earnings Results

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

Roadzen Stock Performance

NASDAQ RDZN remained flat at $1.29 on Wednesday. The company’s stock had a trading volume of 314,617 shares, compared to its average volume of 327,850. The business has a 50 day moving average price of $1.79 and a 200-day moving average price of $1.44. The company has a market cap of $95.71 million, a PE ratio of -0.67 and a beta of 0.21. Roadzen has a 12-month low of $0.71 and a 12-month high of $6.99.

Wall Street Analysts Forecast Growth

RDZN has been the subject of a number of recent analyst reports. ThinkEquity assumed coverage on Roadzen in a research report on Monday, October 28th. They set a “buy” rating and a $6.00 target price for the company. Maxim Group reduced their price objective on shares of Roadzen from $7.00 to $4.00 and set a “buy” rating on the stock in a research note 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.