Swvl (NASDAQ:SWVL) Posts Earnings Results

Swvl (NASDAQ:SWVL) announced its quarterly earnings results on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $7.99 million during the quarter.

Swvl Price Performance

NASDAQ:SWVL opened at $3.82 on Friday. Swvl has a 52 week low of $1.30 and a 52 week high of $8.48. The firm has a 50 day moving average of $3.38 and a 200 day moving average of $2.18.

Hedge Funds Weigh In On Swvl

An institutional investor recently bought a new position in Swvl stock. Angeles Wealth Management LLC purchased a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned approximately 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Swvl in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Swvl Company Profile

Swvl Holdings Corp. is a technology company that provides app-based mass-transit and mobility services. Through its platform, riders can book seats on buses, vans and other shared vehicles operating along fixed or flexible routes, with the goal of offering a more convenient and efficient alternative to traditional public transportation.

The company also provides mobility solutions for businesses, schools, governments and other organizations. These services may include employee transportation, school transportation, fleet management and route-planning tools, allowing institutions to manage scheduled or on-demand transportation through Swvl’s technology platform.

Founded in Egypt in 2017 by Mostafa Kandil, Swvl expanded its operations across several emerging markets, including countries in Africa, Asia and the Middle East.