Maxim Group Initiates Coverage on Ryde Group (NYSEAMERICAN:RYDE)

Maxim Group assumed coverage on shares of Ryde Group (NYSEAMERICAN:RYDE) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage issued a buy rating and a $8.00 price target on the stock.

Ryde Group Price Performance

Shares of NYSEAMERICAN:RYDE opened at $3.60 on Tuesday. Ryde Group has a twelve month low of $2.02 and a twelve month high of $8.12.

Ryde Group Company Profile

Ryde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides on-demand and scheduled carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.