Ryde Group Limited Class A (RYDE) AI Stock Analysis

• Market Cap: $6.05M
• Dividend Yield: N/A
• Average Volume (3M): 94.57K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.73
• Revenue Growth: 3.69%
• EPS Growth: -50.95%
• Country: US
• Employees: 30
• Sector: General
• Sector Strength: N/A
• Industry: Software - Application
• EPS (TTM): -0.75
• Shares Outstanding: 22,747,425
• 10 Day Avg. Volume: 101,343
• 30 Day Avg. Volume: 94,574
• 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: $0.60
• Price Target Upside: 160.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

RYDE's overall stock score reflects substantial financial challenges, with negative profitability, cash flows, and high reliance on external funding. Technical analysis suggests weak market sentiment, and valuation metrics further highlight concerns. Improvement in operational efficiency and cost management is crucial for future recovery.

Ryde Group Limited Class A Business Overview & Revenue Model

Company Description

Ryde Group Limited Class A (RYDE) is a transportation and logistics company that specializes in innovative mobility solutions. The company operates in the sectors of ride-hailing, vehicle rental, and urban mobility services, providing a platform that connects drivers and passengers through a user-friendly mobile application. Ryde Group offers a range of services including carpooling, vehicle rentals, and on-demand transportation options, aiming to enhance the efficiency and convenience of urban travel.

How the Company Makes Money

Ryde Group Limited generates revenue primarily through its ride-hailing platform, where it takes a commission from each ride booked through its application. This commission is a percentage of the total fare paid by passengers. Additionally, the company offers vehicle rental services, where users can rent cars for short or long periods, providing another source of income. Ryde Group also engages in partnerships with local businesses and municipalities to offer tailored urban mobility solutions, which can include subscription services or fleet management contracts. These partnerships and contracts contribute to its overall revenue, along with strategic alliances with payment processors and technology providers that enhance service delivery and operational efficiency.

Ryde Group Limited Class A Financial Statement Overview

Summary

RYDE faces significant financial challenges with negative profitability and cash flows, despite some revenue growth and improved equity. The financial statements indicate operational inefficiencies and a high reliance on external funding.

Income Statement

RYDE's income statement reveals a challenging financial position, marked by negative profitability metrics. The gross profit margin improved from negative to positive over the years, but net profit margin remains negative, indicating significant losses. Revenue growth has shown positive trends, with a 3.26% increase in 2024. However, EBIT and EBITDA margins are deeply negative, reflecting operational inefficiencies or high costs.

Balance Sheet

The balance sheet shows a modest improvement in stockholders' equity, turning positive in 2024. The debt-to-equity ratio improved significantly as equity turned positive, reducing financial leverage risks. However, the equity ratio remains low at 43.73%, suggesting a continued reliance on liabilities. The overall improvement in equity is a positive sign, but the company's financial stability is still fragile.

Cash Flow

RYDE's cash flow analysis highlights significant challenges with negative operating and free cash flows. The operating cash flow to net income ratio indicates a lack of efficiency in converting income into cash. Although financing cash flow is positive, indicating external funding, this reliance on external capital could pose long-term sustainability risks.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement		Total Revenue
8.95M	8.67M	6.40M	4.61M
	Gross Profit
2.08M	1.85M	-765.78K	170.41K
	EBIT
-18.60M	-11.76M	-3.54M	-1.12M
	EBITDA
-18.04M	-12.02M	-4.46M	-849.00K
	Net Income Common Stockholders
-18.65M	-12.83M	-3.57M	-916.02K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.52M	1.69M	2.24M	1.95M
	Total Assets
9.08M	5.20M	3.22M	2.74M
	Total Debt
135.00K	5.20M	5.55M	2.11M
	Net Debt
-5.38M	3.51M	3.31M	162.44K
	Total Liabilities
5.22M	12.62M	8.96M	4.77M
	Stockholders Equity
3.97M	-5.57M	-5.69M	-2.01M
Cash Flow		Free Cash Flow
-12.31M	-2.10M	-3.13M	-328.16K
	Operating Cash Flow
-11.73M	-1.61M	-2.79M	-83.34K
	Investing Cash Flow
-580.00K	-422.00K	-349.53K	-244.82K
	Financing Cash Flow
16.14M	721.00K	3.41M	372.06K

Ryde Group Limited Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.23
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

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 0.23 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.27, and below the 200-day MA of 1.96, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 43.25 is Neutral, neither overbought nor oversold. The STOCH value of 14.14 is Positive, 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
Sector *	56 Neutral	$4.44B	10.75	-18.54%	5.09%	19.36%	-65.89%
ULY	55 Neutral	$12.81M	0.07		―	-22.61%	-158.44%
PET	40 Underperform	$8.03M	―	-3036.82%	―	-15.98%	-11.58%
ELWS	40 Underperform	$5.58M	―	-75.65%	―	371.04%	32.89%
RYDE	37 Underperform	$6.05M	―	230.42%	―	3.69%	-50.95%
NVNI	31 Underperform	$18.42M	―		―	―	―