Shares of Swvl Holdings Corp. (NASDAQ:SWVL – Get Free Report) shot up 4.7% during mid-day trading on Wednesday . The company traded as high as $1.40 and last traded at $1.4140. 9,062 shares were traded during trading, a decline of 43% from the average daily volume of 16,010 shares. The stock had previously closed at $1.35.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Swvl in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Swvl has an average rating of “Sell”.
Get Our Latest Research Report on SWVL
Swvl Stock Up 4.7%
Swvl (NASDAQ:SWVL – Get Free Report) last issued its quarterly earnings data on Monday, April 20th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $6.99 million during the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Swvl stock. Angeles Wealth Management LLC bought a new stake in Swvl Holdings Corp. (NASDAQ:SWVL – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 37,000 shares of the company’s stock, valued at approximately $52,000. Angeles Wealth Management LLC owned 0.37% of Swvl as of its most recent filing with the Securities and Exchange Commission (SEC). 34.03% of the stock is owned by institutional investors and hedge funds.
About Swvl
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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