Ryde Group Limited Class A (RYDE) AI Stock Analysis

• Market Cap: $9.99M
• Dividend Yield: N/A
• Average Volume (3M): 20.14M
• Price to Earnings (P/E): ―
• Beta (1Y): -1.85
• 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: 1,178,677
• 30 Day Avg. Volume: 20,144,368
• PEG Ratio: <0.01
• Price to Book (P/B): 1.98
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.41
• 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: 71.43% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 47 Neutral
• Price Target: $0.50 ▲(42.86%Upside)

The most significant factor influencing RYDE's overall stock score is its weak financial performance, with persistent losses and heavy reliance on external funding. Technical analysis shows some positive momentum, but the valuation suggests high risk with no current income potential. These aspects collectively result in a low overall stock score.

Positive Factors

Acquisition

The acquisition of a 40% interest in Atoll Discovery Pte Ltd could enhance RYDE's platform by providing more drivers and generating additional income.

Green Mobility Expansion

RYDE's expansion into green mobility with the acquisition of Atoll Discovery may drive indirect revenue growth without diverting resources from its core business.

Negative Factors

Financial Needs

RYDE may need to raise additional capital to fund operations due to its current financial situation.

Ryde Group Limited Class A Business Overview & Revenue Model

Company Description

Ryde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.

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's financial performance is troubled, with negative profitability metrics, operational inefficiencies, and significant reliance on external financing. Despite modest improvements in equity and revenue growth, the negative cash flows and profitability weigh heavily.

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
EBITDA	-18.04M	-12.02M	-4.46M	-849.00K
Net Income	-18.65M	-12.83M	-3.57M	-916.02K
Balance Sheet
Total Assets	9.08M	5.20M	3.22M	2.74M
Cash, Cash Equivalents and Short-Term Investments	5.52M	1.69M	2.24M	1.95M
Total Debt	135.00K	5.20M	5.55M	2.11M
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: Neutral
• Last Price: 0.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RYDE, the sentiment is Neutral. The current price of 0.35 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.27, and below the 200-day MA of 0.38, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 53.17 is Neutral, neither overbought nor oversold. The STOCH value of 36.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 *	57 Neutral	$5.91B	21.40	-28.61%	4.91%	10.78%	-34.04%
ULY	49 Neutral	$9.27M	0.07		―	-23.45%	-145.16%
RYDE	47 Neutral	$9.99M	―	230.42%	―	3.69%	-50.95%
ELWS	45 Neutral	$7.19M	―	-115.53%	―	371.04%	32.89%
NVNI	44 Neutral	$11.97M	―		―	―	―
PET	42 Neutral	$6.49M	―	-3036.82%	―	-27.81%	-7.85%
WCT	―	$9.76M	―		―	―	―