Ryde Group (NYSEAMERICAN:RYDE) Stock Price Up 5% – Time to Buy?

Ryde Group Ltd. (NYSEAMERICAN:RYDE) rose 5% on Tuesday . The stock traded as high as $0.6890 and last traded at $0.6870. Approximately 9,606 shares traded hands during trading, a decline of 83% from the average session volume of 57,087 shares. The stock had previously closed at $0.6541.

Ryde Group Stock Down 0.6%

The stock has a 50 day moving average price of $0.78 and a 200-day moving average price of $0.68.

Ryde Group (NYSEAMERICAN:RYDE) last posted its quarterly earnings data on Friday, April 24th. The company reported ($0.12) EPS for the quarter. The company had revenue of $2.60 million during the quarter.

Insider Activity at Ryde Group

In other news, CEO Junming Terence Zou sold 618,750 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $0.85, for a total transaction of $525,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of Ryde Group

An institutional investor recently raised its stake in Ryde Group stock. Citadel Advisors LLC raised its holdings in shares of Ryde Group Ltd. (NYSEAMERICAN:RYDE) by 311.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,709 shares of the company’s stock after buying an additional 54,272 shares during the period. Citadel Advisors LLC owned about 0.21% of Ryde Group worth $27,000 at the end of the most recent quarter.

Ryde Group Company Profile

Ryde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides on-demand and scheduled carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.