Ryde Group Limited Class A (RYDE) AI Stock Analysis

• Market Cap: $7.81M
• Dividend Yield: N/A
• Average Volume (3M): 186.08K
• Price to Earnings (P/E): ―
• Beta (1Y): -4.54
• Revenue Growth: -25.09%
• EPS Growth: -298.49%
• Country: US
• Employees: 34
• Sector: General
• Sector Strength: N/A
• Industry: Software - Application
• EPS (TTM): -0.95
• Shares Outstanding: 22,747,425
• 10 Day Avg. Volume: 77,342
• 30 Day Avg. Volume: 186,081
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.95
• Price to Cash Flow (P/CF): N/A
• 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: $2.00
• Price Target Upside: 589.66% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

Ryde Group Limited Class A faces considerable financial difficulties, reflected in its low financial performance score. The technical analysis indicates a lack of clear market direction, while the valuation highlights financial instability. The absence of explicit earnings call guidance adds uncertainty. Overall, the company's precarious financial position and negative earnings yield result in a low stock score.

Ryde Group Limited Class A Business Overview & Revenue Model

Company Description

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How the Company Makes Money

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Ryde Group Limited Class A Financial Statement Overview

Summary

Ryde Group Limited Class A is experiencing significant financial challenges, characterized by persistent losses, negative equity, and weak cash flow generation. Despite revenue growth, profitability remains elusive, and high leverage poses additional risks. The company needs to address its operational inefficiencies and improve its financial stability to ensure long-term viability.

Income Statement

Ryde Group Limited Class A shows a challenging financial performance with negative net income and EBIT margins. The net profit margin stands at approximately -148% for 2023, indicating significant losses relative to revenue. Despite a positive revenue growth rate of 35.45% from 2022 to 2023, the company's profitability remains a concern due to high operating expenses and negative EBITDA.

Balance Sheet

The balance sheet reveals a precarious financial position with negative stockholders' equity, indicating liabilities exceed assets. The debt-to-equity ratio is negative, reflecting high financial risk. Additionally, the equity ratio is also negative, further highlighting the company's financial instability. The high level of debt compared to equity suggests potential liquidity issues.

Cash Flow

Cash flow analysis shows negative operating and free cash flow, suggesting cash burn and potential liquidity challenges. The operating cash flow to net income ratio is 0.13, indicating weak cash generation relative to accounting profits. Although there is some improvement in free cash flow growth, the overall cash position remains weak.

Breakdown
Dec 2023	Dec 2022	Dec 2021
Income Statement		Total Revenue
8.67M	6.40M	4.61M
	Gross Profit
1.85M	-765.78K	170.41K
	EBIT
-11.76M	-3.54M	-1.12M
	EBITDA
-12.02M	-4.46M	-849.00K
	Net Income Common Stockholders
-12.83M	-3.57M	-916.02K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.69M	2.24M	1.95M
	Total Assets
5.20M	3.22M	2.74M
	Total Debt
5.20M	5.55M	2.11M
	Net Debt
3.51M	3.31M	162.44K
	Total Liabilities
12.62M	8.96M	4.77M
	Stockholders Equity
-5.57M	-5.69M	-2.01M
Cash Flow		Free Cash Flow
-2.10M	-3.13M	-328.16K
	Operating Cash Flow
-1.61M	-2.79M	-83.34K
	Investing Cash Flow
-422.00K	-349.53K	-244.82K
	Financing Cash Flow
721.00K	3.41M	372.06K

Ryde Group Limited Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RYDE, the sentiment is Negative. The current price of 0.29 is below the 20-day moving average (MA) of 0.32, below the 50-day MA of 0.37, and below the 200-day MA of 2.91, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 27.53 is Positive, neither overbought nor oversold. The STOCH value of 22.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RYDE.

Ryde Group Limited Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UBER	74 Outperform	$156.55B	16.33	60.08%	―	17.96%	410.17%
GRAB	63 Neutral	$19.56B	―	-1.62%	―	18.52%	76.16%
RUSHB	62 Neutral	$4.45B	15.58	15.16%	1.21%	-1.52%	-9.80%
LYFT	61 Neutral	$5.07B	237.11	3.48%	―	31.39%	―
CARG	57 Neutral	$3.10B	164.38	3.62%	―	-2.17%	-26.53%
Sector *	55 Neutral	$4.09B	-18.78	-4.70%	5.70%	27.38%	-68.17%
RYDE	30 Underperform	$7.81M	―	230.42%	―	-25.09%	-298.49%