Roadzen (RDZN) Stock Price, News & Analysis

Company Overview

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. The company also provides insurance distribution platform that enables product creation and underwriting, re-insurer backing, and API exchange; and distribution, pre-inspection assistance, telematics, and roadside assistance. In addition, it offers insurance broker services. Roadzen, Inc. was founded in 2015 and is based in Burlingame, California.

Key Stats

• Today's Range: $1.25 to $1.48
• 50-Day Range: $0.78 to $1.37
• 52-Week Range: $0.71 to $7.17
• Volume: 407,601 shs
• Average Volume: 611,267 shs
• Market Capitalization: $88.97 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.00
• Consensus Rating: Buy

Roadzen Stock Analysis - MarketRank™

Roadzen scored higher than 63% of companies evaluated by MarketBeat, and ranked 456th out of 942 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Roadzen has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Roadzen has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Roadzen is -0.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Roadzen is -0.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.37% of the float of Roadzen has been sold short.

Short Interest Ratio / Days to Cover

Roadzen has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Roadzen has recently decreased by 6.29%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Roadzen does not currently pay a dividend.

Dividend Growth

Roadzen does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.37% of the float of Roadzen has been sold short.

Short Interest Ratio / Days to Cover

Roadzen has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Roadzen has recently decreased by 6.29%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.30

News Sentiment

Roadzen has a news sentiment score of 1.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.83 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Roadzen this week, compared to 0 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Roadzen insiders have bought more of their company's stock than they have sold. Specifically, they have bought $6,040.00 in company stock and sold $0.00 in company stock.

Percentage Held by Institutions

Only 24.73% of the stock of Roadzen is held by institutions.

RDZN Stock Analysis - Frequently Asked Questions

How have RDZN shares performed this year?

Roadzen's stock was trading at $5.09 at the beginning of the year. Since then, RDZN shares have decreased by 74.5% and is now trading at $1.30.
View the best growth stocks for 2024 here.

Who are Roadzen's major shareholders?

Top institutional shareholders of Roadzen include Geode Capital Management LLC (0.32%). Insiders that own company stock include Rohan Malhotra and Supurna Vedbrat.
View institutional ownership trends.

How do I buy shares of Roadzen?

Shares of RDZN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Roadzen own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Roadzen investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Home Depot (HD).

Company Calendar

• Today: 12/03/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Insurance agents, brokers, & service
• Sub-Industry: Insurance
• Current Symbol: NASDAQ:RDZN
• Previous Symbol: NASDAQ:RDZN
• CUSIP: N/A
• CIK: 1868640
• Web: www.roadzen.io
• Phone: 650-414-3530
• Fax: N/A
• Employees: 324
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.00
• High Stock Price Target: $6.00
• Low Stock Price Target: $4.00
• Potential Upside/Downside: +284.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.92)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-99,670,000.00
• Net Margins: -290.14%
• Pretax Margin: N/A
• Return on Equity: -31,166.20%
• Return on Assets: -262.79%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.38
• Quick Ratio: 0.38

Sales & Book Value

• Annual Sales: $46.72 million
• Price / Sales: 1.90
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($10.21) per share
• Price / Book: -0.13

Miscellaneous

• Outstanding Shares: 68,440,000
• Free Float: N/A
• Market Cap: $88.97 million
• Optionable: Not Optionable
• Beta: 0.72