Maxim Group Initiates Coverage on Ryde Group (NYSEAMERICAN:RYDE)

Maxim Group initiated coverage on shares of Ryde Group (NYSEAMERICAN:RYDE) in a report published on Tuesday, Benzinga reports. The firm issued a buy rating and a $8.00 price objective on the stock.

Ryde Group Price Performance

Shares of NYSEAMERICAN:RYDE opened at $3.60 on Tuesday. Ryde Group has a fifty-two week low of $2.02 and a fifty-two week high of $8.12.

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.