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Ryde Group Limited Class A ( (RYDE) ) has provided an update.
On October 7, 2025, Ryde Group Ltd entered into a securities purchase agreement to issue and sell 33,340,000 Class A ordinary shares at $0.30 per share, expecting to raise approximately $10 million. This move is part of the company’s strategy to address compliance issues with NYSE American’s listing standards, following a plan submitted and accepted earlier in 2025 to regain compliance by November 2026.
The most recent analyst rating on (RYDE) stock is a Hold with a $0.50 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 Neutral.
Ryde Group Limited Class A is currently facing significant financial and valuation challenges. The company’s negative profitability and high leverage are major concerns, reflected in its low financial performance score. Technical analysis provides mixed signals, with a bearish trend but neutral RSI. The negative P/E ratio further highlights the company’s struggles with profitability, making it less attractive to investors.
To see Spark’s full report on RYDE stock, click here.
More about Ryde Group Limited Class A
Ryde Group Ltd operates within the transportation and mobility sector, offering services that likely focus on ride-sharing or similar mobility solutions. The company is based in Singapore and is listed on the NYSE American stock exchange.
Average Trading Volume: 1,837,579
Technical Sentiment Signal: Buy
Current Market Cap: $23.12M
For a thorough assessment of RYDE stock, go to TipRanks’ Stock Analysis page.