Swvl (NASDAQ:SWVL) Stock Price Up 4% – What’s Next?

Shares of Swvl Holdings Corp. (NASDAQ:SWVL) traded up 4% on Thursday . The stock traded as high as $1.70 and last traded at $1.57. 41,332 shares traded hands during mid-day trading, an increase of 212% from the average session volume of 13,263 shares. The stock had previously closed at $1.51.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Swvl in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Swvl Stock Up 9.6%

The firm has a 50 day moving average of $1.58 and a 200 day moving average of $1.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.08.

Institutional Trading of Swvl

A hedge fund recently bought a new stake in Swvl stock. Angeles Wealth Management LLC bought a new stake in Swvl Holdings Corp. (NASDAQ:SWVL) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned 0.37% of Swvl at the end of the most recent reporting period. Institutional investors own 34.03% of the company’s stock.

About Swvl

Swvl Inc is a provider of bus-based mass transit and shared mobility solutions, operating through a digital platform that connects commuters with scheduled bus routes and on-demand shuttles. The company’s technology-driven approach enables users to book rides via its mobile application, offering affordable and reliable transportation alternatives in urban and intercity markets. Swvl’s services cater to both individual commuters and corporate clients, helping businesses manage employee transportation through customized route planning and fleet management tools.

Founded in 2017 by Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh, Swvl began operations in Cairo, Egypt, before rapidly expanding across emerging markets.