AYRO (AYRO) AI Stock Analysis

• Market Cap: $4.57M
• Dividend Yield: N/A
• Average Volume (3M): 50.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.62
• Revenue Growth: -98.22%
• EPS Growth: 49.35%
• Country: US
• Employees: 58
• Sector: Consumer Cyclical
• Sector Strength: 77
• Industry: Auto - Manufacturers
• EPS (TTM): -2.37
• Shares Outstanding: 675,399
• 10 Day Avg. Volume: 74,262
• 30 Day Avg. Volume: 50,442
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: -2.65
• Enterprise Value/Revenue: -2.23K
• Enterprise Value/Gross Profit: 2.58
• Enterprise Value/Ebitda: 1.07
• 1Y Price Target: $6.50
• Price Target Upside: 3.17% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: $6.50 ▲(3.17% Upside)

AYRO's overall stock score is primarily impacted by its poor financial performance, characterized by persistent losses and negative cash flows. While technical analysis provides mixed signals, recent corporate events offer some positive outlook with strategic initiatives. However, the negative valuation metrics further weigh down the score.

AYRO Business Overview & Revenue Model

Company Description

AYRO, Inc. is an innovative electric vehicle manufacturer based in the United States, specializing in the design and production of sustainable, lightweight electric vehicles tailored for urban and campus environments. The company focuses on developing versatile electric vehicles that cater to various sectors, including last-mile delivery, hospitality, and commercial applications. AYRO's core products include electric utility vehicles, golf carts, and other small electric transport solutions, emphasizing efficiency and eco-friendliness.

How the Company Makes Money

AYRO generates revenue primarily through the sale of its electric vehicles and related components. The company has established key revenue streams that include direct vehicle sales to commercial clients, leasing options, and potential partnerships with businesses looking to integrate sustainable transport solutions into their operations. Additionally, AYRO may benefit from government incentives and grants for electric vehicle manufacturers, which can further bolster its earnings. Strategic partnerships with organizations focused on sustainability and urban mobility also play a critical role in expanding AYRO's market reach and driving sales.

AYRO Financial Statement Overview

Summary

AYRO faces significant financial challenges with persistent net losses, declining revenues, and negative cash flows. The company's cash reserves provide some buffer against immediate financial distress, but the ongoing negative performance in profitability and cash generation poses risks to long-term viability.

Income Statement

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.43K	63.78K	498.92K	2.99M	2.68M	1.60M
Gross Profit	-4.68M	-6.59M	-4.64M	-3.05M	-2.09M	-166.48K
EBITDA	-11.29M	-15.81M	-26.92M	-21.98M	-32.34M	-9.88M
Net Income	-18.33M	-1.76M	-34.16M	-45.87M	-33.13M	-11.33M
Balance Sheet
Total Assets	9.19M	21.74M	52.86M	54.99M	78.13M	41.96M
Cash, Cash Equivalents and Short-Term Investments	8.42M	20.13M	33.44M	48.95M	69.16M	36.54M
Total Debt	396.71K	502.83K	699.51K	859.54K	1.07M	1.15M
Total Liabilities	22.30M	9.47M	27.53M	2.93M	4.70M	2.60M
Stockholders Equity	-13.11M	12.27M	25.33M	52.06M	73.42M	39.36M
Cash Flow
Free Cash Flow	-10.78M	-13.51M	-28.37M	-20.37M	-27.23M	-10.54M
Operating Cash Flow	-10.58M	-13.32M	-26.18M	-18.73M	-26.63M	-10.02M
Investing Cash Flow	20.11M	-3.06M	8.89M	-11.34M	-600.36K	2.54M
Financing Cash Flow	-18.38M	-10.86M	21.63M	0.00	59.86M	43.37M

AYRO Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.30
• 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 6.3 is below the 20-day moving average (MA) of 6.89, below the 50-day MA of 6.84, and below the 200-day MA of 8.99, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 44.63 is Neutral, neither overbought nor oversold. The STOCH value of 53.50 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 *	63 Neutral	£1.73B	9.28	4.37%	3.48%	0.65%	-43.22%
AYRO	47 Neutral	$4.57M	―	-264.35%	―	-98.22%	49.35%
EVTV	46 Neutral	$6.37M	―	-189.10%	―	2.97%	-11.17%
WKHS	45 Neutral	$24.75M	―	-201.87%	―	11.73%	74.79%
EMPD	40 Underperform	$343.03M	―	-232.22%	―	-1.24%	99.95%
ECDA	39 Underperform	$6.76M	―	-82.82%	―	-2.83%	-162.60%
BINI	37 Underperform	$2.73M	―	-3842.15%	―	5865.42%	99.51%

AYRO Corporate Events

AYRO Enters Securities Purchase Agreement with Investors

AYRO, Inc. recently entered into a Securities Purchase Agreement with accredited investors to sell Series I Convertible Preferred Stock and warrants, marking a strategic financial maneuver. This agreement, along with amendments to a previous Series H-7 Purchase Agreement, reflects AYRO’s efforts to optimize its financial structure and extend the maturity date of its obligations, potentially impacting its market positioning and stakeholder interests.

AYRO Secures $7M for Crypto Investment Strategy

On August 4, 2025, AYRO, Inc. entered into a Securities Purchase Agreement with accredited investors to raise $7 million through the sale of Series I Convertible Preferred Stock and accompanying warrants. This private placement is intended to support AYRO’s corporate purposes, including its new strategy to invest $100 million in crypto assets within the stablecoin sector. The company has engaged James Altucher to lead this digital asset strategy, aiming to leverage the rapid growth of the stablecoin market. This move positions AYRO as a significant player in the digital asset space, potentially impacting its operations and market positioning.

AYRO Declares Dividend to Protect Against Takeovers

AYRO, Inc. announced on July 31, 2024, that its Board of Directors declared a dividend of one preferred share purchase right for each outstanding share of company stock, payable on August 11, 2025. This move is part of a Rights Agreement designed to protect against hostile takeovers by allowing shareholders to purchase preferred stock at a set price if any entity acquires a significant stake in the company. The rights will expire on July 31, 2028, unless redeemed or exchanged earlier, and are subject to adjustments to prevent dilution, ensuring shareholder interests are safeguarded.

AYRO Approves Key Proposals at Annual Meeting

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.