Ryde Group (NYSEAMERICAN:RYDE) PT Raised to $9.00

Ryde Group (NYSEAMERICAN:RYDE) had its target price increased by analysts at Maxim Group from $8.00 to $9.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Maxim Group’s price target would suggest a potential upside of 31.20% from the company’s current price.

Ryde Group Price Performance

NYSEAMERICAN RYDE traded up $0.80 during trading hours on Wednesday, reaching $6.86. The company’s stock had a trading volume of 61,030 shares, compared to its average volume of 266,154. Ryde Group has a fifty-two week low of $2.02 and a fifty-two week high of $8.12.

About Ryde Group

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.