Zoomcar (NASDAQ:ZCAR) Shares Up 19% – Should You Buy?

Zoomcar Holdings, Inc. (NASDAQ:ZCAR)’s share price was up 19% during trading on Monday . The company traded as high as $7.26 and last traded at $6.25. Approximately 144,061 shares were traded during mid-day trading, an increase of 233% from the average daily volume of 43,272 shares. The stock had previously closed at $5.25.

Zoomcar Stock Up 19.0 %

The business’s 50 day moving average is $1.11 and its 200-day moving average is $5.36.

Zoomcar (NASDAQ:ZCAR) last announced its earnings results on Friday, February 14th. The company reported ($3.56) EPS for the quarter. The business had revenue of $2.45 million during the quarter.

Hedge Funds Weigh In On Zoomcar

A hedge fund recently bought a new stake in Zoomcar stock. Virtu Financial LLC acquired a new position in Zoomcar Holdings, Inc. (NASDAQ:ZCAR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,529 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned 0.80% of Zoomcar as of its most recent filing with the Securities & Exchange Commission. 3.71% of the stock is owned by institutional investors.

About Zoomcar

Zoomcar Holdings, Inc operates a marketplace for car sharing in India, Indonesia, and Egypt. The company connects hosts with guests, who choose from a selection of cars for use at affordable prices, promoting smart transportation solutions. Its platform offers vehicle searching and discovery, host and guest chat, vehicle and driver tracking, and ratings services.