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Ryde Group Limited Class A ( (RYDE) ) has issued an announcement.
On October 30, 2025, Ryde Group Ltd announced that its subsidiary, RCSR Pte Ltd, entered into a Notes Subscription and Debenture Agreement with Singapore Electric Vehicles Pte Ltd (SEV), a major private EV fleet operator in Singapore. This strategic investment of US$6.2 million in secured convertible notes marks a significant step in Ryde’s plan for full electrification and aligns with its sustainability strategy. The investment provides Ryde with early access to a growing pool of electric vehicles, enhancing its competitive position in Singapore’s rapidly evolving EV market and supporting its long-term growth and sustainability goals.
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.
The overall stock score of 50 reflects significant financial challenges, including negative profitability and high leverage, which weigh heavily on the score. While technical analysis shows positive momentum, the poor valuation due to a negative P/E ratio and lack of dividends further impacts the stock’s attractiveness. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on RYDE stock, click here.
More about Ryde Group Limited Class A
Ryde Group Ltd, headquartered in Singapore, is a leading technology platform for mobility and quick commerce. The company is recognized as the world’s first on-demand carpooling app since 2014 and offers a range of services including carpooling, private hire, taxi, and delivery. Ryde is committed to empowering private-hire and taxi partners by taking 0% commission, ensuring drivers retain more of their earnings.
Average Trading Volume: 1,866,470
Technical Sentiment Signal: Buy
Current Market Cap: $22.63M
For a thorough assessment of RYDE stock, go to TipRanks’ Stock Analysis page.