Ryde Group Faces NYSE American Noncompliance Notice

Ryde Group Limited Class A ( (RYDE) ) has shared an announcement.

On May 21, 2025, Ryde Group Ltd received a noncompliance notice from NYSE American due to its stockholders’ equity falling below US$4.0 million and reporting losses in three of the last four fiscal years. The company must submit a compliance plan by June 20, 2025, to address these issues and avoid delisting. While Ryde’s shares continue trading under the symbol ‘RYDE,’ the notice does not impact its business operations or financial condition.

The most recent analyst rating on (RYDE) stock is a Buy with a $0.60 price target. To see the full list of analyst forecasts on Ryde Group Limited Class A stock, see the RYDE Stock Forecast page.

Spark’s Take on RYDE Stock

According to Spark, TipRanks’ AI Analyst, RYDE is a Underperform.

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.

To see Spark’s full report on RYDE stock, click here.

More about Ryde Group Limited Class A

Ryde Group Ltd, based in Singapore, is a pioneering technology platform in the mobility and quick commerce industry. Known for launching the world’s first on-demand carpooling app in 2014, Ryde offers a comprehensive range of services including carpooling, private hire, taxi, and delivery. The company is publicly listed on the NYSE and is distinguished by its policy of taking 0% commission from private-hire and taxi partners, allowing drivers to retain more earnings.

Average Trading Volume: 107,032

Technical Sentiment Signal: Strong Sell

Current Market Cap: $5.78M

For an in-depth examination of RYDE stock, go to TipRanks’ Stock Analysis page.