Swvl Holdings Corp. (NASDAQ: SWVL) stock fell -2.60% on Monday to $0.16 against a previous-day closing price of $0.17. With 3.96 million shares changed hands, the volume of the stock remained lighter than its average volume of 8.12 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.1742 whereas the lowest price it dropped to was $0.1560. The 52-week range on SWVL shows that it touched its highest point at $11.40 and its lowest point at $0.08 during that stretch. It currently has a 1-year price target of $4.83.
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 -31.29%, but this was up by 27.04% over a month. Three-month performance dropped to -72.92% while six-month performance fell -91.46%. The stock lost -98.33% in the past year, while it has gained 20.36% so far this year. A look at the trailing 12-month EPS for SWVL yields -2.01 with Next year EPS estimates of -0.20.
Float and Shares Shorts:
At present, 106.25 million SWVL shares are outstanding with a float of 78.12 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.02 million, which was 0.75% higher than short shares on Sep 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 2.08% of SWVL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.28% of SWVL, in contrast to 0.52% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SWVL with 6.15% of the stake, Armistice Capital LLC holds 8,304,000 shares worth 8,304,000. A second-largest stockholder of SWVL, ETF Managers Group LLC, holds 1,138,179 shares, controlling over 0.84% of the firm’s shares. Luxor Capital Group LP is the third largest shareholder in SWVL, holding 1,057,190 shares or 0.78% stake. With a 0.40% stake in SWVL, the Sycomore L/S Opportunities is the largest stakeholder. A total of 540,000 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.11% of SWVL stock, is the second-largest Mutual Fund holder. It holds 147,664 shares valued at 20230.0. Marshall Wace UCITS Funds Plc – M holds 0.00% of the stake in SWVL, owning 5,235 shares worth 717.0.
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 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 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 $8.00 and a low target of $8.00, the average target price over the next 12 months is $8.00. Based on these targets, SWVL could surge 4900.0% to reach the target high and rise by 4900.0% to reach the target low. Reaching the average price target will result in a growth of 4900.0% 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 02/28/2024. Analysts have provided yearly estimates in a range of -$1.10 being high and -$1.10 being low. For SWVL, this leads to a yearly average estimate of -$1.10. The surprise factor in the prior quarter was $0.70. Based on analyst estimates, the high estimate for the next quarter is -$0.08 and the low estimate is -$0.08. The average estimate for the next quarter is thus -$0.08.