AYRO (AYRO) AI Stock Analysis

• Market Cap: $3.45M
• Dividend Yield: N/A
• Average Volume (3M): 170.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.71
• Revenue Growth: -76.66%
• EPS Growth: 47.08%
• Country: US
• Employees: 58
• Sector: Consumer Cyclical
• Sector Strength: 50
• Industry: Vehicles
• EPS (TTM): -4.16
• Shares Outstanding: 6,764,600
• 10 Day Avg. Volume: 53,298
• 30 Day Avg. Volume: 170,800
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 15.40
• Price to Cash Flow (P/CF): -0.30
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

AYRO's overall stock score reflects significant financial challenges, including negative profit margins and declining revenues. Technical analysis points to a bearish trend, and valuation metrics show unprofitability with no dividends. The absence of earnings call insights adds to the uncertainty. These factors collectively contribute to a low overall stock score, indicating cautious investment prospects.

AYRO Business Overview & Revenue Model

Company Description

DropCar, Inc. engages in the provision of cloud-based vehicle support platform and mobile app. It helps consumers and automotive-related companies reduce the cost, hassles and inefficiencies of owning a car, or fleet of cars, in urban centers. The company was founded by Michael Spencer Richardson and David Brian Newman in September 2014 and is headquartered in New York, NY.

How the Company Makes Money

AYRO generates revenue through the sale of its electric vehicles, which are designed for specific commercial applications such as last-mile delivery and campus transportation. The company sells these vehicles directly to customers or through strategic partnerships with distributors and resellers. Additionally, AYRO may benefit from service agreements, maintenance contracts, and the sale of vehicle accessories or complementary products. The company's earnings are influenced by its ability to scale production, expand its distribution network, and establish collaborations with key industry players to enhance its market presence and reach.

AYRO Financial Statement Overview

Summary

AYRO's financial statements highlight substantial challenges, with negative profit margins and declining revenues indicating operational struggles. The balance sheet shows weak returns on equity and potential liquidity risks, despite a manageable debt load. Cash flow issues persist, with negative free cash flow raising concerns about operational sustainability. Overall, the financial health of AYRO is precarious, requiring strategic interventions to improve profitability and cash flow stability.

Income Statement

The income statement shows significant challenges with negative profit margins and declining revenue. The TTM gross profit margin is severely negative due to substantial gross losses. The company is also experiencing negative EBIT and EBITDA margins, indicating ongoing operational inefficiencies. Additionally, the revenue growth rate is negative, indicating a decline from previous periods. Overall, these metrics point to poor operational performance and a need for strategic improvements.

Balance Sheet

The balance sheet reveals a relatively low debt-to-equity ratio, which suggests limited leverage and potential for additional borrowing if needed. However, the return on equity is negative due to consistent net losses, indicating inefficiency in generating returns on shareholder investment. The equity ratio shows a moderate level of equity financing, but the significant decline in stockholders' equity over time is concerning. These metrics suggest financial instability and potential liquidity issues.

Cash Flow

Cash flow analysis indicates negative free cash flow, reflecting ongoing challenges in generating sufficient operational cash. The operating cash flow to net income ratio is negative, signaling cash flow issues. Despite increases in financing cash flow, primarily from external funding, the company struggles with cash flow sustainability. Overall, the cash flow position suggests the need for urgent improvements in operational efficiency and cash management.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
221.67K	498.92K	2.99M	2.68M	1.60M	890.15K
	Gross Profit
-6.67M	-4.64M	-3.05M	-2.09M	-166.48K	198.31K
	EBIT
-20.95M	-28.16M	-23.28M	-33.13M	-10.11M	-8.49M
	EBITDA
-20.30M	-26.92M	-21.98M	-32.34M	-9.88M	-7.77M
	Net Income Common Stockholders
-6.27M	-34.16M	-45.87M	-33.13M	-11.33M	-8.84M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
39.24K	33.44M	48.95M	69.16M	36.54M	641.82K
	Total Assets
3.24M	52.86M	54.99M	78.13M	41.96M	2.78M
	Total Debt
34.95K	699.51K	859.54K	1.07M	1.15M	1.32M
	Net Debt
-4.30K	-32.74M	-38.24M	-68.09M	-35.39M	683.15K
	Total Liabilities
3.13M	27.53M	2.93M	4.70M	2.60M	2.71M
	Stockholders Equity
108.39K	25.33M	52.06M	73.42M	39.36M	68.94K
Cash Flow		Free Cash Flow
-15.45M	-28.37M	-20.37M	-27.23M	-10.54M	-4.61M
	Operating Cash Flow
-15.21M	-26.18M	-18.73M	-26.63M	-10.02M	-4.10M
	Investing Cash Flow
19.78M	8.89M	-11.34M	-600.36K	2.54M	-374.35K
	Financing Cash Flow
15.70M	21.63M	0.00	59.86M	43.37M	5.08M

AYRO Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.53
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AYRO, the sentiment is Negative. The current price of 0.53 is below the 20-day moving average (MA) of 0.58, below the 50-day MA of 0.64, and below the 200-day MA of 0.76, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 39.68 is Neutral, neither overbought nor oversold. The STOCH value of 29.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AYRO.

AYRO Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	59 Neutral	$12.41B	10.34	1.32%	3.61%	1.65%	-18.04%
KNDI	48 Neutral	$135.41M	―	-1.59%	―	-11.61%	-22.20%
WKHS	43 Neutral	$14.95M	―	-157.31%	―	-25.03%	42.78%
NIO	43 Neutral	$10.15B	―	-155.53%	―	13.77%	17.85%
GOEVQ	40 Underperform	$1.88M	―	-72.67%	―	258.96%	82.54%
AYRO	36 Underperform	$3.45M	―	-21.91%	―	-76.66%	47.08%

AYRO Corporate Events

AYRO Approves Key Proposals at Annual Meeting

AYRO held its Annual Meeting on December 30, 2024, where several proposals were presented and approved by stockholders. These included the election of six directors, an amendment to the Long-Term Incentive Plan to increase shares, ratification of Marcum LLP as the independent accounting firm, a reverse stock split, and a proposal to adjourn the meeting if needed. The approval of these proposals is expected to impact the company’s operational framework and strategic direction, potentially affecting its market positioning and stakeholder interests.

AYRO Announces Significant Amendments and Director Changes

AYRO, Inc. has amended its Securities Purchase Agreement with investors, affecting its Series H-7 Convertible Preferred Stock and related warrants. A new amendment has been agreed upon with required holders, classifying Director Equity Grants as ‘Excluded Securities.’ The company’s board approved stock and cash-settled restricted stock unit awards to directors, based on a $0.76 share price, as part of annual and partial annual grants for 2023 and 2024.