Ryde Group Secures $1.6 Million in Direct Offering

Ryde Group Limited Class A ( (RYDE) ) has shared an update.

On September 8, 2025, Ryde Group Ltd announced a securities purchase agreement to sell 6,422,000 Class A shares at US$0.25 each, aiming to raise approximately US$1.6 million in a registered direct offering. The offering, expected to close around September 10, 2025, is intended to support the company’s working capital and general corporate purposes, potentially impacting its operational flexibility and market positioning.

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 Ltd, headquartered in Singapore, is a publicly listed company on the NYSE and is recognized as the world’s first on-demand carpooling app since 2014. The company offers a comprehensive suite of mobility services, including carpooling, private hire, taxi, and delivery, with a unique approach of taking 0% commission from its private-hire and taxi partners, allowing drivers to retain more of their earnings.

Average Trading Volume: 9,850,062

Technical Sentiment Signal: Sell

Current Market Cap: $7.7M

For a thorough assessment of RYDE stock, go to TipRanks’ Stock Analysis page.