Shares of Swvl Holdings Corp. (NASDAQ:SWVL – Get Free Report) were up 4.7% on Wednesday . The company traded as high as $1.40 and last traded at $1.4140. 9,062 shares were traded during mid-day trading, a decline of 43% from the average session volume of 16,010 shares. The stock had previously closed at $1.35.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Swvl in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Swvl Stock Down 2.8%
Swvl (NASDAQ:SWVL – Get Free Report) last posted its quarterly earnings results on Monday, April 20th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $6.99 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Swvl stock. Angeles Wealth Management LLC purchased a new position in shares of Swvl Holdings Corp. (NASDAQ:SWVL – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned approximately 0.37% of Swvl as of its most recent SEC filing. 34.03% of the stock is owned by institutional investors.
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.
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