Zoomcar (NASDAQ:ZCAR) Trading Up 4.9% – Here’s What Happened

Zoomcar Holdings, Inc. (NASDAQ:ZCAR)’s share price was up 4.9% during mid-day trading on Wednesday . The company traded as high as $0.14 and last traded at $0.14. Approximately 1,127,488 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 5,546,940 shares. The stock had previously closed at $0.13.

Zoomcar Price Performance

The stock’s 50 day moving average is $0.13 and its 200-day moving average is $0.22.

Zoomcar (NASDAQ:ZCAR) last released its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $2.24 million for the quarter.

Institutional Investors Weigh In On Zoomcar

An institutional investor recently bought a new position in Zoomcar stock. Clear Street LLC purchased a new stake in shares of Zoomcar Holdings, Inc. (NASDAQ:ZCAR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,999 shares of the company’s stock, valued at approximately $26,000. Clear Street LLC owned 0.07% of Zoomcar as of its most recent filing with the SEC. Institutional investors and hedge funds own 3.71% of the company’s stock.

Zoomcar Company Profile

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.