Ryde Group Ltd (RYDE)

Market Cap	13.05M
Revenue (ttm)	5.76M
Net Income (ttm)	-16.52M
Shares Out	26.18M
EPS (ttm)	-1.07
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	163,724
Open	0.471
Previous Close	0.490
Day's Range	0.471 - 0.521
52-Week Range	0.281 - 22.490
Beta	n/a
Analysts	Strong Buy
Price Target	9.00 (+1,707.23%)
Earnings Date	Oct 23, 2024

About RYDE

Ryde Group Ltd provides mobility and quick commerce solutions in Singapore. The company’s Mobility segment provides on-demand and scheduled carpooling and ride-hailing services. Its Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. It also operates RydePay, a digital payments solution that allows users to pay and top-up by card and to pay by RydeCoins; and Ryde+, a value subscription plan service. The company was founded in 2014 and is headquartered in Singapore.

• Industry: Software - Application
• Sector: Technology
• IPO Date: Mar 6, 2024
• Employees: 34
• Stock Exchange: NYSEAMERICAN
• Ticker Symbol: RYDE
• Website: https://www.rydesharing.com

Financial Performance

In 2023, Ryde Group's revenue was 8.67 million, a decrease of -1.79% compared to the previous year's 8.83 million. Losses were -12.83 million, 160.6% more than in 2022.

Financial numbers in SGD

Analyst Forecast

According to one analyst, the rating for RYDE stock is "Strong Buy" and the 12-month stock price forecast is $9.0.

Price Target

$9.0

(1,707.23% upside)

Analyst Consensus: Strong Buy