Nu Ride (NRDE) AI Stock Analysis

• Market Cap: $21.57M
• Dividend Yield: N/A
• Average Volume (3M): 15.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.46
• Revenue Growth: -100.00%
• EPS Growth: 97.04%
• Country: US
• Employees: 9
• Sector: Consumer Cyclical
• Sector Strength: 59
• Industry: Auto - Manufacturers
• EPS (TTM): -0.68
• Shares Outstanding: 16,096,296
• 10 Day Avg. Volume: 12,033
• 30 Day Avg. Volume: 15,496
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• 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

Nu Ride's overall stock score reflects significant financial weakness, with consistent losses and negative cash flows posing serious risks. Technical analysis suggests bearish momentum, and valuation metrics are unappealing given the lack of profitability and dividends. Without positive earnings call or corporate events to offset these challenges, the stock remains a high-risk investment.

Nu Ride Business Overview & Revenue Model

Company Description

Lordstown Motors Corp. develops, manufactures, and sells Endurance, an electric full-size pickup truck for fleet customers in the United States. Lordstown Motors Corp. was incorporated in 2018 and is based in Lordstown, Ohio. On June 27, 2023, Lordstown Motors Corp., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

How the Company Makes Money

Nu Ride generates revenue primarily through its ride-sharing platform by charging a commission on each transaction between drivers and riders. Additionally, the company earns money by providing subscription-based services to drivers, which include access to premium features and support. Nu Ride also collaborates with businesses and local governments to offer fleet management solutions and corporate transportation services. Strategic partnerships with electric vehicle manufacturers and charging infrastructure providers further enhance its revenue streams by facilitating the adoption of electric vehicles within its network.

Nu Ride Financial Statement Overview

Summary

Overall, Nu Ride is facing significant financial challenges, characterized by consistent losses, negative cash flows, and declining equity. While the company maintains a low debt profile, its inability to generate positive income and cash flow poses substantial risks to its financial health and future viability.

Income Statement

Nu Ride's income statement shows significant challenges. The company has faced consistent negative net income and EBIT across the years, with the TTM data continuing this trend. Revenue growth is erratic, with substantial revenue fluctuations and negative margins pointing to underlying profitability issues.

Balance Sheet

The balance sheet reflects a relatively strong equity position compared to liabilities, with a low debt-to-equity ratio due to minimal debt levels. However, stockholders' equity has been declining, which may impact financial stability in the long term.

Cash Flow

Nu Ride's cash flow statement indicates negative operating cash flow and free cash flow, highlighting liquidity issues. Despite occasional positive investing cash flows, the overall cash flow position is weak, affecting the company's ability to sustain operations without external financing.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
2.34M	194.00K	0.00	0.00	0.00
	Gross Profit
-89.21M	-29.83M	-11.11M	0.00	0.00
	EBIT
-165.17M	-275.92M	-400.49M	-102.48M	-10.39M
	EBITDA
-110.76M	-267.44M	-399.26M	-123.35M	5.20M
	Net Income Common Stockholders
-343.07M	-282.40M	-410.37M	-124.05M	-10.39M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
87.10M	221.66M	244.02M	629.76M	2.16M
	Total Assets
92.17M	452.31M	688.78M	767.22M	33.55M
	Total Debt
32.76M	30.26M	0.00	1.01M	20.14M
	Net Debt
-87.10M	-91.10M	-244.02M	-628.75M	17.98M
	Total Liabilities
45.87M	100.54M	149.18M	136.48M	24.99M
	Stockholders Equity
13.55M	351.77M	539.60M	630.74M	8.56M
Cash Flow		Free Cash Flow
-147.31M	-268.33M	-673.50M	-152.24M	-5.33M
	Operating Cash Flow
-137.16M	-213.76M	-387.99M	-99.60M	-5.20M
	Investing Cash Flow
102.90M	-114.90M	-285.51M	-50.25M	-133.00K
	Financing Cash Flow
0.00	206.01M	287.76M	777.45M	7.49M

Nu Ride Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NRDE, the sentiment is Positive. The current price of 1.34 is above the 20-day moving average (MA) of 1.27, above the 50-day MA of 1.27, and below the 200-day MA of 1.47, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.19 is Neutral, neither overbought nor oversold. The STOCH value of 79.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NRDE.

Nu Ride Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$6.65B	11.64	3.00%	3.98%	2.61%	-21.41%
CENN	42 Neutral	$25.02M	―	-34.12%	―	41.75%	-160.24%
WKHS	39 Underperform	$5.84M	―	-159.80%	―	-49.47%	54.99%
EVTV	34 Underperform	$6.04M	―	-42.59%	―	-34.68%	34.15%
NRDE	32 Underperform	$21.57M	―	-80.04%	―	-100.00%	97.04%
AIEV	22 Underperform	$735.54K	―	-8.48%	―	―	-149.24%
CJET	11 Underperform	$10.55M	―	86.35%	―	―	―