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Ryde Group Limited Class A ( (RYDE) ) has provided an update.
On December 10, 2025, Ryde Group Ltd announced a strategic expansion into the electric vehicle (EV) rental market, marking a significant step in its sustainable mobility initiatives. By partnering with Guan Chao Holdings Ltd and Singapore Electric Vehicles Pte Ltd, Ryde secured a call option agreement to purchase up to 400 EVs over the next six months. This move positions Ryde to capitalize on the growing demand for eco-friendly transportation in Singapore, driven by supportive government policies and rapid consumer adoption. The initiative is expected to diversify Ryde’s revenue streams, enhance rider and driver experiences, and strengthen its ESG leadership, ultimately creating new opportunities for long-term value creation for stakeholders.
The most recent analyst rating on (RYDE) stock is a Hold with a $0.51 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.
The overall stock score for Ryde Group Limited Class A is primarily impacted by its weak financial performance, characterized by negative profitability and high leverage. Technical analysis provides some support with positive short-term trends, but the valuation remains unattractive due to negative earnings. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on RYDE stock, click here.
More about Ryde Group Limited Class A
Ryde Group Ltd is a leading technology platform for mobility and quick commerce, founded in Singapore and recognized as the world’s first on-demand carpooling app since 2014. As a publicly listed company on the NYSE American, Ryde offers a full suite of services including carpooling, private hire, taxi, and delivery, with a unique commitment to empowering private-hire and taxi partners by taking 0% commission.
Average Trading Volume: 2,124,714
Technical Sentiment Signal: Hold
Current Market Cap: $19.39M
See more data about RYDE stock on TipRanks’ Stock Analysis page.