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Ridgetech
(NASDAQ:RDGT)
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Rating:40Underperform
Price Target:
$1.50
▼(-43.61% Downside)
Action:Downgraded
Date:04/24/26
The score is weighed down primarily by weak financial performance (operating losses, recent revenue decline, and historically inconsistent cash flow) despite some 2025 stabilization from positive net income, improved cash flow, and reduced debt. Technicals further pressure the score due to a bearish trend (negative MACD and price below major moving averages), while valuation provides limited support given a negative P/E and no dividend yield data.
Positive Factors
Balance-sheet improvement
Material debt reduction and rising equity in 2025 meaningfully improve the company's funding cushion and reduce near-term default risk. For a low-margin distributor, stronger capitalization increases resilience to demand swings and preserves strategic optionality for 2–6 months and beyond.
Negative Factors
Revenue volatility and decline
An ~18% revenue drop in 2025 and multi-year volatility signal weakening top-line stability. For a distribution business reliant on scale and tight margins, persistent revenue erosion undermines operating leverage and reduces the odds of consistent margin recovery over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet improvement
Material debt reduction and rising equity in 2025 meaningfully improve the company's funding cushion and reduce near-term default risk. For a low-margin distributor, stronger capitalization increases resilience to demand swings and preserves strategic optionality for 2–6 months and beyond.
Read all positive factors
Ridgetech (RDGT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$678.95K
Dividend YieldN/A
Average Volume (3M)35.98K
Price to Earnings (P/E)―
Beta (1Y)-0.07
Revenue Growth10.16%
EPS Growth98.05%
CountryUS
Employees61
SectorHealthcare
Sector Strength45
IndustryMedical - Distribution
Share Statistics
EPS (TTM)N/A
Shares Outstanding898,918
10 Day Avg. Volume73,880
30 Day Avg. Volume35,985
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)<0.01
Price to Sales (P/S)0.00269
P/FCF Ratio-0.25
Enterprise Value/Market Cap>-0.01
Enterprise Value/Revenue>-0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ridgetech Business Overview & Revenue Model
Company Description
Ridgetech, Inc. operates as a wholesale distributor of pharmaceutical and other healthcare products in the People's Republic of China. It operates through three segments: Retail Drugstores, Online Pharmacy, and Drug Wholesale. The company engages ...
Ridgetech Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
38
Negative
Cash Flow
45
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 132.16M | 119.97M | 154.54M | 148.81M | 164.39M |
| Gross Profit | 4.75M | 3.84M | 31.11M | 34.28M | 36.52M |
| EBITDA | -1.50M | 4.98M | 1.23M | -19.96M | -579.93K |
| Net Income | -1.25M | 10.19M | -4.23M | -21.14M | -3.19M |
Balance Sheet | |||||
| Total Assets | 69.03M | 64.48M | 95.06M | 90.97M | 106.38M |
| Cash, Cash Equivalents and Short-Term Investments | 17.91M | 12.78M | 20.15M | 18.81M | 18.46M |
| Total Debt | 22.67K | 10.39M | 43.22M | 42.16M | 48.67M |
| Total Liabilities | 28.25M | 34.85M | 80.76M | 74.30M | 83.65M |
| Stockholders Equity | 40.78M | 29.64M | 15.64M | 18.01M | 24.09M |
Cash Flow | |||||
| Free Cash Flow | -1.39M | 632.50K | -4.08M | -3.60M | -5.69M |
| Operating Cash Flow | -1.39M | 1.25M | -3.16M | -3.28M | -5.39M |
| Investing Cash Flow | -449.00 | -18.14M | -2.04M | -316.10K | -306.14K |
| Financing Cash Flow | -29.71K | 1.51M | 8.00M | 2.37M | 4.84M |
Ridgetech Technical Analysis
Negative
2.66
Price Trends
1.41
Negative
24.53
Negative
208.32
Negative
Market Momentum
-0.44
Negative
33.24
Neutral
8.06
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RDGT, the sentiment is Negative. The current price of 2.66 is above the 20-day moving average (MA) of 1.19, above the 50-day MA of 1.41, and below the 200-day MA of 208.32, indicating a bearish trend. The MACD of -0.44 indicates Negative momentum. The RSI at 33.24 is Neutral, neither overbought nor oversold. The STOCH value of 8.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RDGT.
Ridgetech Risk Analysis
Ridgetech disclosed 58 risk factors in its most recent earnings report. Ridgetech reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ridgetech Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
54 Neutral | $67.42M | -3.16 | -38.27% | ― | 16.30% | -1069.55% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
43 Neutral | $7.92M | -0.07 | 1545.09% | ― | -51.59% | -25.99% | |
40 Underperform | $678.95K | ― | 41.78% | ― | 10.16% | 98.05% | |
40 Underperform | $2.62M | -0.11 | 91.30% | ― | -17.53% | -221.57% |
* Healthcare Sector Average
RDGT
Ridgetech
0.79
-185.81
-99.58%
GEG
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2.23
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SNYR
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WGRX
Wellgistics Health Inc
2.64
-35.29
-93.04%
Ridgetech Corporate Events
Ridgetech Switches Sales Agent, Extends $184.7 Million At-The-Market Share Program
Jul 28, 2026
On July 28, 2026, Ridgetech Inc. signed a new sales agreement with Pacific Century Securities LLC to continue its at-the-market equity offering program for ordinary shares with a potential aggregate value of up to $184.7 million. The arrangement f...
Ridgetech Tightens Governance Control With Super-Voting Preferred Share Issuance and Nasdaq Exemptions
Jul 21, 2026
On July 21, 2026, Ridgetech disclosed that it is availing itself of Nasdaq’s home-country practice exemptions, allowing the company to follow Cayman Islands corporate governance rules instead of certain Nasdaq Listing Rules, including requir...
Ridgetech Halts $200 Million ATM Share Offering After Terminating AC Sunshine Deal
Jul 20, 2026
On July 11, 2026, Ridgetech, Inc. terminated its Sales Agreement with AC Sunshine Securities LLC, immediately halting its at-the-market equity offering of up to $200 million in ordinary shares. The company suspended further sales under this progra...
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.