Swvl Holdings Corp. (NASDAQ: SWVL) stock fell -16.39% on Friday to $1.53 against a previous-day closing price of $1.83. With 1.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.41 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.6500 whereas the lowest price it dropped to was $1.5000. The 52-week range on SWVL shows that it touched its highest point at $11.40 and its lowest point at $1.42 during that stretch.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SWVL was down-trending over the past week, with a drop of -6.71%, but this was down by -63.92% over a month. Three-month performance dropped to -73.80% while six-month performance fell -84.59%. The stock lost -84.44% in the past year, while it has lost -84.55% so far this year. A look at the trailing 12-month EPS for SWVL yields -1.19 with Next year EPS estimates of -0.64. For the next quarter, that number is -0.17. This implies an EPS growth rate of -375.70% for this year and 11.10% for next year.
Float and Shares Shorts:
At present, 118.88 million SWVL shares are outstanding with a float of 45.57 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.76 million, which was 0.64% higher than short shares on Jun 14, 2022. In addition to Mr. Mostafa Kandil as the firm’s Chairman & CEO, Mr. Youssef Salem serves as its Chief Financial Officer.
Through their ownership of 13.19% of SWVL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 10.07% of SWVL, in contrast to 1.90% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SWVL with 2.89% of the stake, Beryl Capital Management LLC holds 3,440,152 shares worth 3,440,152. A second-largest stockholder of SWVL, BofA Securities, Inc., holds 1,234,898 shares, controlling over 1.04% of the firm’s shares. HSBC Global Asset Management is the third largest shareholder in SWVL, holding 911,305 shares or 0.77% stake. With a 0.47% stake in SWVL, the ETFMG Travel Tech ETF is the largest stakeholder. A total of 563,431 shares are owned by the mutual fund manager. The Sycomore L/S Opportunities, which owns about 0.45% of SWVL stock, is the second-largest Mutual Fund holder. It holds 540,000 shares valued at 3.49 million. Merger Fund holds 0.44% of the stake in SWVL, owning 525,881 shares worth 3.4 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $38.35M while operating income stood at -$100.52M. EBITDA for the full year was -$99.02M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SWVL since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SWVL analysts setting a high price target of $20.00 and a low target of $20.00, the average target price over the next 12 months is $20.00. Based on these targets, SWVL could surge 1207.19% to reach the target high and rise by 1207.19% to reach the target low. Reaching the average price target will result in a growth of 1207.19% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SWVL will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$0.72 being high and -$0.72 being low. For SWVL, this leads to a yearly average estimate of -$0.72. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Swvl Holdings Corp. reported -$0.17 EPS against a consensus estimate of -$0.17. Based on analyst estimates, the high estimate for the next quarter is -$0.20 and the low estimate is -$0.20. The average estimate for the next quarter is thus -$0.20.