Ryde Group Limited Class A (RYDE)
XASE:RYDE
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Ryde Group Limited Class A
(NYSE MKT:RYDE)
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Rating:48Neutral
Price Target:
$1.50
▲(305.41% Upside)
Action:UpgradedDate:04/28/26
The score is held down primarily by weak financial performance (large operating losses and rising cash burn). Technicals provide some support with the stock above key longer-term moving averages and a positive MACD, but valuation is constrained by ongoing losses (negative P/E) and no dividend.
Positive Factors
Low leverage and stronger equity base
A minimal debt load and a sizable equity base materially improve financial flexibility over the medium term. Low leverage reduces bankruptcy and refinancing risk, allowing management to fund operations, invest in market expansion, or weather cyclical demand without immediate reliance on costly debt.
Negative Factors
Persistent negative cash generation
Sustained negative operating and free cash flow creates structural funding needs and heightens reliance on external capital. Accelerating cash burn over multiple years increases the risk that future growth must be compromised or heavily diluted if capital markets tighten, pressuring long-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and stronger equity base
A minimal debt load and a sizable equity base materially improve financial flexibility over the medium term. Low leverage reduces bankruptcy and refinancing risk, allowing management to fund operations, invest in market expansion, or weather cyclical demand without immediate reliance on costly debt.
Read all positive factors
Ryde Group Limited Class A (RYDE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$158.13M
Dividend YieldN/A
Average Volume (3M)3.73M
Price to Earnings (P/E)―
Beta (1Y)-0.82
Revenue Growth43.04%
EPS Growth59.79%
CountryUS
Employees30
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding108,964,650
10 Day Avg. Volume10,405,046
30 Day Avg. Volume3,726,581
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.29
Price to Sales (P/S)0.73
P/FCF Ratio-0.38
Enterprise Value/Market Cap0.23
Enterprise Value/Revenue2.67
Enterprise Value/Gross Profit-9.28
Enterprise Value/Ebitda-2.52
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
Ryde Group Limited Class A Business Overview & Revenue Model
Company Description
Ryde Group Limited Class A (RYDE) is a diversified technology and service company specializing in innovative solutions across multiple sectors, including transportation, logistics, and mobile applications. The company focuses on enhancing user exp...
How the Company Makes Money
Ryde Group Limited primarily makes money through its platform by earning fees and commissions tied to trips booked and completed via its marketplace (i.e., taking a percentage or service fee from the fare paid by riders and/or charging drivers pla...
Ryde Group Limited Class A Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.51M | 8.95M | 8.67M | 8.82M | 6.20M |
| Gross Profit | 3.22M | 2.08M | 1.85M | -765.78K | 170.41K |
| EBITDA | -16.86M | -18.04M | -12.02M | -4.75M | -1.29M |
| Net Income | -17.70M | -18.65M | -12.83M | -4.92M | -1.23M |
Balance Sheet | |||||
| Total Assets | 38.32M | 9.08M | 5.20M | 4.32M | 3.69M |
| Cash, Cash Equivalents and Short-Term Investments | 5.00M | 5.52M | 1.69M | 3.01M | 2.63M |
| Total Debt | 59.00K | 135.00K | 5.20M | 7.44M | 500.00K |
| Total Liabilities | 6.34M | 5.22M | 12.62M | 9.32M | 3.85M |
| Stockholders Equity | 31.84M | 3.97M | -7.34M | -4.96M | -155.00K |
Cash Flow | |||||
| Free Cash Flow | -24.14M | -12.31M | -2.10M | -3.13M | -328.16K |
| Operating Cash Flow | -23.53M | -11.73M | -1.61M | -2.79M | -83.34K |
| Investing Cash Flow | -9.95M | -580.00K | -422.00K | -482.00K | -329.00K |
| Financing Cash Flow | 32.96M | 16.14M | 721.00K | 4.70M | 500.00K |
Ryde Group Limited Class A Technical Analysis
Positive
0.37
Price Trends
0.60
Positive
0.49
Positive
0.44
Positive
Market Momentum
0.25
Negative
73.86
Negative
84.30
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RYDE, the sentiment is Positive. The current price of 0.37 is below the 20-day moving average (MA) of 0.87, below the 50-day MA of 0.60, and below the 200-day MA of 0.44, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 73.86 is Negative, neither overbought nor oversold. The STOCH value of 84.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RYDE.
Ryde Group Limited Class A Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $21.60M | 9.04 | 12.73% | 18.97% | -9.27% | -44.28% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $17.05M | -1.19 | -37.97% | ― | -17.04% | 36.59% | |
52 Neutral | $679.19M | -3.27 | 2114.79% | ― | -1196.43% | 47.02% | |
48 Neutral | $158.13M | -0.52 | -195.02% | ― | 43.04% | 59.79% | |
46 Neutral | $5.24M | -0.35 | -302.82% | ― | 4.65% | 55.05% |
* Technology Sector Average
RYDE
Ryde Group Limited Class A
1.23
0.99
414.64%
MNDO
MIND CTI
1.05
-0.63
-37.50%
MTC
MMTec
7.42
6.24
528.81%
NXPL
NextPlat
6.33
1.03
19.46%
SOPA
Society Pass
0.40
-0.75
-64.96%
WCT
Wellchange Holdings Company Limited
2.05
-10.63
-83.83%
Ryde Group Limited Class A Corporate Events
Ryde Group Moves Into Hong Kong With Taxi Licenses and EV Push
Apr 14, 2026
Ryde Group Ltd, a Singapore-based mobility and quick commerce platform, is expanding its technology-driven services from its home market into other Asian urban centers, with a particular focus on high-density, high-demand cities. The company’...
Ryde Group Closes US$0.40-Per-Share Private Offering of 37.25 Million Class A Shares
Apr 13, 2026
On April 13, 2026, Ryde Group Ltd closed a previously announced private offering of 37,250,000 Class A ordinary shares at an offering price of US$0.40 per share. The transaction provides fresh equity capital that can be used to support the company...
Ryde Group Raises US$14.9 Million in Private Share Offering to Bolster NYSE American Compliance Efforts
Apr 7, 2026
On April 7, 2026, Ryde Group Ltd entered into a securities purchase agreement with several investors for a private placement of 37,250,000 Class A ordinary shares at US$0.40 per share, for expected gross proceeds of about US$14.9 million. The offe...
Ryde Group Boosts Founder’s Voting Control With New Class B Share Issuance
Apr 7, 2026
On April 7, 2026, Ryde Group Ltd issued 3,500,000 Class B Ordinary Shares to its founder, chairman, and chief executive officer, Terence Zou, after he met performance milestones tied to the successful completion of a $10 million private offering o...
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.