Swvl (NASDAQ:SWVL) Stock Rating Lowered by Wall Street Zen

Swvl (NASDAQ:SWVL) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings cut shares of Swvl from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Swvl has a consensus rating of “Sell”.

Swvl Stock Performance

SWVL stock opened at $3.89 on Friday. Swvl has a 1 year low of $1.30 and a 1 year high of $8.48. The stock’s fifty day moving average price is $4.28 and its 200-day moving average price is $2.25.

Swvl (NASDAQ:SWVL) last released its quarterly earnings results on Thursday, October 8th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $7.99 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Swvl stock. Angeles Wealth Management LLC bought a new stake in shares of Swvl Holdings Corp. (NASDAQ:SWVL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 quarter. 34.03% of the stock is currently owned by institutional investors.

About Swvl

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.