Nu Ride (NRDE) AI Stock Analysis

• Market Cap: $31.39M
• Dividend Yield: N/A
• Average Volume (3M): 14.28K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.47
• Revenue Growth: N/A
• EPS Growth: 84.75%
• Country: US
• Employees: 9
• Sector: Consumer Cyclical
• Sector Strength: 79
• Industry: Auto - Manufacturers
• EPS (TTM): -0.68
• Shares Outstanding: 16,096,296
• 10 Day Avg. Volume: 14,597
• 30 Day Avg. Volume: 14,276
• 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: 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

• Rating: 32 Underperform
• Price Target: ―

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.

Positive Factors

Low Debt Profile

Nu Ride's low debt levels provide financial flexibility and reduce the risk of insolvency, allowing the company to focus on strategic growth initiatives without the burden of high interest obligations.

Strategic Partnerships

Partnerships with EV manufacturers and infrastructure providers position Nu Ride to capitalize on the growing demand for sustainable transportation, potentially boosting long-term revenue and market share.

Sustainable Mobility Focus

Nu Ride's focus on sustainable mobility aligns with global trends towards eco-friendly solutions, offering a competitive advantage in attracting environmentally conscious consumers and partners.

Negative Factors

Consistent Losses

Persistent financial losses and negative cash flows undermine Nu Ride's ability to invest in growth and innovation, threatening its long-term viability and competitive position.

Negative Cash Flow

Negative cash flows limit Nu Ride's operational flexibility and increase reliance on external funding, which could be costly or difficult to secure, impacting future growth prospects.

Declining Equity

A decline in equity indicates potential erosion of shareholder value and financial instability, which could deter investment and hinder strategic initiatives.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	2.34M	194.00K	0.00	0.00
Gross Profit	0.00	0.00	-89.21M	-29.83M	-11.11M	0.00
EBITDA	17.61M	-8.14M	-122.56M	-267.44M	-399.26M	-123.35M
Net Income	-874.00K	-8.14M	-343.07M	-282.40M	-410.37M	-124.05M
Balance Sheet
Total Assets	51.50M	53.18M	92.17M	452.31M	688.78M	767.22M
Cash, Cash Equivalents and Short-Term Investments	28.04M	29.47M	87.10M	221.66M	244.02M	629.76M
Total Debt	36.16M	35.45M	32.76M	30.26M	0.00	1.01M
Total Liabilities	10.44M	10.95M	45.87M	100.54M	149.18M	136.48M
Stockholders Equity	41.06M	42.23M	13.55M	351.77M	539.60M	630.74M
Cash Flow
Free Cash Flow	-27.36M	-35.08M	-147.31M	-268.33M	-673.50M	-152.24M
Operating Cash Flow	-27.36M	-35.08M	-137.16M	-213.76M	-387.99M	-99.60M
Investing Cash Flow	-18.82M	-28.82M	102.90M	-114.90M	-285.51M	-50.25M
Financing Cash Flow	0.00	-106.00K	0.00	206.01M	287.76M	777.45M

Nu Ride Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 1.95 is above the 20-day moving average (MA) of 1.90, above the 50-day MA of 1.65, and above the 200-day MA of 1.40, indicating a bullish trend. The MACD of 0.11 indicates Positive momentum. The RSI at 54.19 is Neutral, neither overbought nor oversold. The STOCH value of 45.71 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	$18.09B	12.97	-1.60%	2.98%	1.42%	-15.92%
EVTV	46 Neutral	$9.71M	―	-189.10%	―	2.97%	-11.17%
WKHS	45 Neutral	$18.29M	―	-201.87%	―	11.73%	74.79%
CENN	40 Neutral	$28.44M	―	-31.82%	―	7.86%	-22.19%
NRDE	32 Underperform	$31.39M	―	-24.83%	―	―	84.75%
AIEV	22 Underperform	$5.57M	―	-34.45%	―	―	-106.67%
CJET	11 Underperform	$2.33M	―	86.35%	―	-27.08%	34.32%