Swvl (NASDAQ:SWVL) Issues Earnings Results

Swvl (NASDAQ:SWVL) issued its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $8.24 million for the quarter.

Swvl Price Performance

Shares of Swvl stock opened at $1.55 on Tuesday. Swvl has a 52 week low of $1.31 and a 52 week high of $4.89. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $1.60 and its two-hundred day moving average is $1.82.

Hedge Funds Weigh In On Swvl

An institutional investor recently bought a new position in Swvl stock. Angeles Wealth Management LLC bought a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned about 0.37% of Swvl at the end of the most recent quarter. 34.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Swvl in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Swvl Company Profile

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.