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AYRO, Inc. (AYRO)
:AYRO
US Market

AYRO (AYRO) AI Stock Analysis

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AY

AYRO

(NASDAQ:AYRO)

Rating:51Neutral
Price Target:
$7.00
▼(-2.10%Downside)
AYRO's overall stock score is primarily impacted by its weak financial performance and valuation, reflecting ongoing financial challenges and lack of profitability. However, the stock receives some support from technical analysis suggesting potential momentum and positive corporate events indicating strategic progress. Improvements in financial health and sustained technical strength are crucial for enhancing the stock's attractiveness.

AYRO (AYRO) vs. SPDR S&P 500 ETF (SPY)

AYRO Business Overview & Revenue Model

Company DescriptionAyro, Inc. designs and manufactures electric vehicles for closed campus mobility, urban and community transport, local on-demand and last mile delivery, and government use. The company provides four-wheeled purpose-built electric vehicles for universities, business and medical campuses, last mile delivery services, and food service providers. It also offers AYRO vehicles to internal combustion engine vehicles for light duty uses, including low-speed logistics, maintenance, and cargo services; and Club Car 411 for low-speed logistics and cargo services for campus. The company was formerly known as AEV Technologies, Inc. Ayro, Inc. was founded in 2017 and is headquartered in Round Rock, Texas.
How the Company Makes MoneyAYRO makes money through the sale of its electric vehicles, which are tailored for specific applications such as urban delivery and campus services. The company generates revenue by selling these vehicles to commercial entities, municipalities, and other organizations that require efficient and sustainable transportation solutions. Additionally, AYRO may leverage strategic partnerships with other companies to expand its market reach and enhance its product offerings, though specific details on partnerships are not available at this time. The company also potentially earns from after-sales services and maintenance contracts, contributing to its revenue streams.

AYRO Financial Statement Overview

Summary
AYRO faces significant financial challenges with persistent net losses, declining revenues, and negative cash flows. Although cash reserves provide a buffer, profitability issues and negative cash generation pose risks to long-term viability.
Income Statement
20
Very Negative
AYRO's income statement shows a concerning trend with consistent negative net income over the past several years. The company has experienced a decline in total revenue from 2022 to 2024. Gross profit margins are unstable, and net profit margins remain negative, indicating significant challenges in achieving profitability. The EBIT and EBITDA margins are also significantly negative, emphasizing operational inefficiencies and cost management issues.
Balance Sheet
35
Negative
The balance sheet reveals a high level of debt relative to equity, but AYRO maintains a strong cash position with negative net debt, indicating more cash than debt. The equity ratio has decreased over time, showing reduced financial stability. However, the company still holds more equity than liabilities, which is a positive sign. Return on equity remains negative due to sustained net losses.
Cash Flow
25
Negative
AYRO's cash flow statement reflects challenges in generating positive cash flow from operations. Free cash flow has been consistently negative, which limits the company's ability to invest in growth without external financing. The operating cash flow to net income ratio and free cash flow to net income ratio highlight the inability to translate net income into cash flow, pointing to liquidity risks.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue5.43K63.78K498.92K2.99M2.68M1.60M
Gross Profit-5.46M-6.59M-4.64M-3.05M-2.09M-166.48K
EBITDA-12.90M-15.81M-26.92M-21.98M-32.34M-9.88M
Net Income2.73M-1.76M-34.16M-45.87M-33.13M-11.33M
Balance Sheet
Total Assets16.16M21.74M52.86M54.99M78.13M41.96M
Cash, Cash Equivalents and Short-Term Investments15.30M20.13M33.44M48.95M69.16M36.54M
Total Debt451.04K502.83K699.51K859.54K1.07M1.15M
Total Liabilities9.78M9.47M27.53M2.93M4.70M2.60M
Stockholders Equity3.01M12.27M25.33M52.06M73.42M39.36M
Cash Flow
Free Cash Flow-10.31M-13.51M-28.37M-20.37M-27.23M-10.54M
Operating Cash Flow-10.11M-13.32M-26.18M-18.73M-26.63M-10.02M
Investing Cash Flow21.98M-3.06M8.89M-11.34M-600.36K2.54M
Financing Cash Flow-14.41M-10.86M21.63M0.0059.86M43.37M

AYRO Technical Analysis

Technical Analysis Sentiment
Negative
Last Price7.15
Price Trends
50DMA
7.13
Positive
100DMA
7.92
Negative
200DMA
9.94
Negative
Market Momentum
MACD
0.13
Negative
RSI
51.62
Neutral
STOCH
71.13
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 7.15 is above the 20-day moving average (MA) of 6.92, above the 50-day MA of 7.13, and below the 200-day MA of 9.94, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 51.62 is Neutral, neither overbought nor oversold. The STOCH value of 71.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AYRO.

AYRO Risk Analysis

AYRO disclosed 58 risk factors in its most recent earnings report. AYRO reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

AYRO Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$16.85B11.50-7.38%2.96%1.59%-23.36%
51
Neutral
$3.88M19.40%-98.78%92.98%
50
Neutral
$3.87M-213.60%19.71%99.98%
44
Neutral
$4.50M-132.63%-47.62%8.34%
44
Neutral
$446.07K
44
Neutral
$7.60M-80.86%-55.43%55.17%
$4.94M
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AYRO
AYRO
7.15
-6.31
-46.88%
EVTV
Envirotech Vehicles
0.18
-1.38
-88.46%
CLEUF
China Liberal Education Holdings
0.13
-684.83
-99.98%
VMAR
Vision Marine Technologies
6.87
-614.27
-98.89%
CREV
Carbon Revolution
2.62
-3.75
-58.87%
VLCN
Volcon
7.10
-236.10
-97.08%

AYRO Corporate Events

Executive/Board ChangesShareholder MeetingsStock Split
AYRO Approves Key Proposals at Annual Meeting
Positive
May 23, 2025

On May 19, 2025, AYRO, Inc. held its annual meeting of stockholders where several key proposals were approved. The company, which focuses on electric vehicle solutions, successfully passed an amendment to increase its authorized shares from 200 million to 1.2 billion, potentially enhancing its capital structure and market operations. Additionally, the election of six directors, the ratification of CBIZ CPAs P.C. as the independent accounting firm, and the approval of a reverse stock split were among the proposals that received sufficient votes for approval, indicating strong shareholder support for the company’s strategic decisions.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 05, 2025