AYRO (AYRO) AI Stock Analysis

• Market Cap: $3.59M
• Dividend Yield: N/A
• Average Volume (3M): 265.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.90
• Revenue Growth: -98.78%
• EPS Growth: 92.98%
• Country: US
• Employees: 58
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Auto - Manufacturers
• EPS (TTM): -2.37
• Shares Outstanding: 8,541,466
• 10 Day Avg. Volume: 190,219
• 30 Day Avg. Volume: 265,847
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.69
• Enterprise Value/Market Cap: 3.80
• Enterprise Value/Revenue: 22.88
• Enterprise Value/Gross Profit: -2.49
• Enterprise Value/Ebitda: -0.19
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 42 Neutral
• Price Target: $0.50 ▲(21.95%Upside)

AYRO's overall stock score is primarily impacted by its weak financial performance and poor valuation metrics. Despite positive corporate events, the company's significant financial challenges and lack of profitability weigh heavily on its score.

AYRO Business Overview & Revenue Model

Company Description

Ayro, 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 Money

AYRO generates revenue primarily through the sale of its electric vehicles. The company's key revenue streams include direct sales to commercial businesses, universities, and municipal organizations that require reliable and eco-friendly transportation solutions. Additionally, AYRO may partner with other companies or organizations to enhance vehicle distribution and service offerings, increasing its market reach and customer base. Revenue is also supported by after-sales services, which include maintenance, repairs, and the sale of spare parts. Strategic partnerships with manufacturers and distributors further bolster AYRO's revenue by facilitating greater access to target markets and enhancing the overall value proposition of its electric vehicle offerings.

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

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
-5.46M	-6.59M	-4.64M	-3.05M	-2.09M	-166.48K
	EBIT
-16.13M	-19.38M	-28.16M	-23.28M	-33.13M	-10.11M
	EBITDA
-12.90M	-15.81M	-26.92M	-21.98M	-32.34M	-9.88M
	Net Income Common Stockholders
2.73M	-1.76M	-34.16M	-45.87M	-33.13M	-11.33M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
15.30M	20.13M	33.44M	48.95M	69.16M	36.54M
	Total Assets
16.16M	21.74M	52.86M	54.99M	78.13M	41.96M
	Total Debt
451.04K	502.83K	699.51K	859.54K	1.07M	1.15M
	Net Debt
-12.37M	-15.53M	-32.74M	-38.24M	-68.09M	-35.39M
	Total Liabilities
9.78M	9.47M	27.53M	2.93M	4.70M	2.60M
	Stockholders Equity
3.01M	12.27M	25.33M	52.06M	73.42M	39.36M
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 Flow
21.98M	-3.06M	8.89M	-11.34M	-600.36K	2.54M
	Financing Cash Flow
-14.41M	-10.86M	21.63M	0.00	59.86M	43.37M

AYRO Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.41
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 0.41 is below the 20-day moving average (MA) of 0.41, below the 50-day MA of 0.46, and below the 200-day MA of 0.65, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 42.21 is Neutral, neither overbought nor oversold. The STOCH value of 57.14 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 *	62 Neutral	$6.90B	11.05	2.80%	4.27%	2.67%	-24.92%
VLCN	45 Neutral	$3.10M	―	-213.60%	―	19.71%	99.98%
CLEUF	44 Neutral	$629.55K	―		―	―	―
VMAR	44 Neutral	$9.13M	―	-80.86%	―	-55.43%	55.17%
AYRO	42 Neutral	$3.59M	―	19.40%	―	-98.78%	92.98%
EVTV	39 Underperform	$5.14M	―	-132.63%	―	-47.62%	8.34%
CREV		$5.11M	―		―	―	―

AYRO Corporate Events

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.