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Ryde Group Limited Class A ( (RYDE) ) has issued an announcement.
On October 10, 2025, Ryde Group Limited’s Board of Directors approved the issuance of 2,000,000 Class B Ordinary Shares to its CEO, Terence Zou, as part of the Ryde 2.0 transformation plan. This move highlights the company’s strategic pivot towards electric vehicles and fleet leasing, aiming to strengthen its capital base and position for future growth. The Board also authorized the potential issuance of up to 30,000,000 additional Class B shares based on performance milestones, aligning leadership incentives with shareholder outcomes and significantly increasing Mr. Zou’s voting power.
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 mobility industry, focusing on ride-hailing, electric vehicle (EV) leasing, autonomous vehicle pilots, and digital asset initiatives. The company is committed to advancing its Ryde 2.0 transformation plan, which emphasizes a shift towards electric vehicles, fleet leasing, and strategic partnerships to enhance recurring revenues and sustainability.
Average Trading Volume: 1,845,758
Technical Sentiment Signal: Buy
Current Market Cap: $20.08M
See more insights into RYDE stock on TipRanks’ Stock Analysis page.