Roadzen (NASDAQ:RDZN) Releases Quarterly Earnings Results

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

Roadzen Price Performance

NASDAQ:RDZN remained flat at $1.29 on Wednesday. 314,617 shares of the company’s stock were exchanged, compared to its average volume of 327,850. The stock has a market capitalization of $95.71 million, a price-to-earnings ratio of -0.67 and a beta of 0.21. Roadzen has a twelve month low of $0.71 and a twelve month high of $6.99. The firm has a fifty day moving average of $1.79 and a 200 day moving average of $1.44.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RDZN shares. ThinkEquity initiated coverage on Roadzen in a research report on Monday, October 28th. They issued a “buy” rating and a $6.00 target price for the company. Maxim Group lowered their target price on Roadzen from $7.00 to $4.00 and set a “buy” rating for the company in a research report 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.