Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ryde Group Limited Class A ( (RYDE) ) has provided an announcement.
On September 15, 2025, Ryde Group Limited’s Board of Directors approved the conversion of 1,365,225 Class B Ordinary Shares held by Octava Fund Limited into Class A Ordinary Shares, increasing Octava’s total to 8,030,738 Class A shares. This conversion raises the total number of outstanding Class A shares to 35,384,651, impacting the company’s share structure and voting power dynamics, as Class A shares hold one vote each and are traded on the NYSE American.
The most recent analyst rating on (RYDE) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Ryde Group Limited Class A stock, see the RYDE Stock Forecast page.
Spark’s Take on RYDE Stock
According to Spark, TipRanks’ AI Analyst, RYDE is a Neutral.
Ryde Group Limited Class A is currently facing significant financial and valuation challenges. The company’s negative profitability and high leverage are major concerns, reflected in its low financial performance score. Technical analysis provides mixed signals, with a bearish trend but neutral RSI. The negative P/E ratio further highlights the company’s struggles with profitability, making it less attractive to investors.
To see Spark’s full report on RYDE stock, click here.
More about Ryde Group Limited Class A
Ryde Group Limited operates in the transportation and ride-sharing industry, providing services primarily through its platform that connects drivers and passengers. The company is focused on expanding its market presence and enhancing its service offerings.
Average Trading Volume: 9,862,862
Technical Sentiment Signal: Buy
Current Market Cap: $14.61M
For detailed information about RYDE stock, go to TipRanks’ Stock Analysis page.