Swvl (NASDAQ:SWVL) Announces Quarterly Earnings Results

Swvl (NASDAQ:SWVL) posted its earnings results on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $8.24 million for the quarter.

Swvl Stock Performance

SWVL opened at $1.47 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.08 and a current ratio of 1.08. The company’s 50-day simple moving average is $1.60 and its two-hundred day simple moving average is $1.80. Swvl has a 52-week low of $1.31 and a 52-week high of $4.89.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Swvl in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Swvl

An institutional investor recently bought a new position in Swvl stock. Angeles Wealth Management LLC acquired a new position in Swvl Holdings Corp. (NASDAQ:SWVL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 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 SEC filing. Institutional investors own 34.03% of the company’s stock.

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.