Swvl (NASDAQ:SWVL) Stock Moved Down to “Sell” by Wall Street Zen

Wall Street Zen lowered shares of Swvl (NASDAQ:SWVL) from a hold rating to a sell rating in a research note published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of Swvl from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Swvl presently has an average rating of “Sell”.

Swvl Stock Performance

Shares of SWVL opened at $3.89 on Friday. The stock has a fifty day moving average price of $4.28 and a 200 day moving average price of $2.25. Swvl has a 12 month low of $1.30 and a 12 month high of $8.48.

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

Institutional Trading of Swvl

An institutional investor recently bought a new stake in Swvl stock. Citadel Advisors LLC purchased a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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 filing with the Securities and Exchange Commission. Institutional investors own 34.03% of the company’s stock.

Swvl Company Profile

Swvl Holdings Corp. (NASDAQ: SWVL) is a technology company that provides app-based transportation and mobility solutions. Its platform connects passengers with scheduled or on-demand shared rides, including bus and van services, with the goal of improving access to affordable and efficient urban transportation.

Founded in Egypt in 2017 by Mostafa Kandil, Swvl initially focused on solving public transportation challenges in emerging markets through digitally booked bus routes. The company has also developed mobility services for businesses, schools, and government entities, including employee transportation, student transport, and transit-management solutions.

Swvl has operated in multiple markets across the Middle East, Africa, and Asia, including Egypt, the United Arab Emirates, Saudi Arabia, Jordan, and Pakistan.