Swvl (NASDAQ:SWVL) Stock Rating Upgraded by Wall Street Zen

Swvl (NASDAQ:SWVL) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered Swvl from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, October 12th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Swvl Price Performance

SWVL stock opened at $3.75 on Friday. Swvl has a 12 month low of $1.30 and a 12 month high of $8.48. The company’s 50-day moving average price is $3.90 and its two-hundred day moving average price is $2.35.

Swvl (NASDAQ:SWVL) last posted its earnings results on Thursday, October 8th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $7.99 million for the quarter.

Hedge Funds Weigh In On Swvl

A hedge fund recently bought a new position in Swvl stock. Citadel Advisors LLC bought a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 64,772 shares of the company’s stock, valued at approximately $87,000. Citadel Advisors LLC owned 0.65% of Swvl as of its most recent SEC filing. 34.03% of the stock is owned by institutional investors.

About Swvl

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.