Streetbeat News

RDZN

Roadzen, Inc.

https://www.roadzen.io

Industry

Software - Application

RoadZen, lnc. provides an online on-demand roadside assistance services with a network of towing and roadside repair providers in India. The company suite enables Insurers and Automotive OEMs with real-time customer interactions, rapid claims processing, and better risk underwriting services. It also offers services in the areas of towing and removal, battery jumpstart, flat tire support, locked out/lost keys, fuel problems, and roadside assistance. The company was incorporated in 2015 and is based in New Delhi, India.

Open

0.84

Mkt cap

55M

Volume

81K

High

0.88

P/E Ratio

-0.38

52-wk high

7.17

Low

0.77

Div yield

N/A

52-wk low

0.71

Insiders at Roadzen have decided to extend their lock-up period for an additional year. This move indicates confidence in the company's future prospects and may influence investor sentiment positively.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 12:44 pm

Insider buying activity has been observed in three penny stocks: Roadzen, System1, and Nanophase Technologies. This could indicate confidence in these companies' prospects. Roadzen reported a quarterly loss, System1 posted strong earnings, and Nanophase saw increased sales.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 11:28 am

Several information technology stocks experienced significant price movements during Monday's intraday session. Notable gainers included Focus Universal, Intchains Gr, AmpliTech Gr, MongoDB, MicroCloud Hologram, and Airship AI Holdings. On the other hand, Roadzen, Edgio, UTime, Signing Day Sports, Astera Labs, and Unusual Machines saw declines.

Portfolio Pulse from Benzinga Insights

September 02, 2024 | 4:30 pm

Roadzen shares are trading lower following the company's Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 7:34 pm

Roadzen (NASDAQ:RDZN) reported a significant improvement in its Q1 financial results. The company posted a loss of $(0.71) per share, an 89.45% improvement from the $(6.73) loss per share in the same period last year. Sales increased by 59.18% to $8.93 million from $5.61 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:31 pm

Shares of companies within the broader technology sector are trading higher amid overall market strength following softer-than-expected PPI figures.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:40 pm

Shares of companies within the broader tech sector are trading lower amid overall market weakness, potentially due to ongoing outages.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 7:11 pm

Roadzen Inc (NASDAQ:RDZN) shares fell by 11.8% to $2.00 after the company announced a debt-to-equity exchange plan involving CEO Rohan Malhotra and entities associated with Chairman Steven Carlson. The exchange aims to simplify the balance sheet and support the company's AI-driven auto insurance platform.

Portfolio Pulse from Henry Khederian

July 18, 2024 | 7:05 pm

Roadzen shares are trading lower after the company announced that the CEO and Chairman agreed to exchange $3.5 million of short-term debt for equity.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 4:19 pm

Roadzen's CEO and Chairman will exchange $3.5 million of short-term debt for company equity, potentially strengthening the company's balance sheet and aligning executive interests with shareholders.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 3:23 pm

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