AYRO (AYRO) AI Stock Analysis

• Market Cap: $4.23M
• Dividend Yield: N/A
• Average Volume (3M): 115.59K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.27
• Revenue Growth: -87.22%
• EPS Growth: 77.29%
• Country: US
• Employees: 58
• Sector: Consumer Cyclical
• Sector Strength: 56
• Industry: Auto - Manufacturers
• EPS (TTM): -2.37
• Shares Outstanding: 8,541,466
• 10 Day Avg. Volume: 160,746
• 30 Day Avg. Volume: 115,594
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 16.30
• Price to Cash Flow (P/CF): -0.30
• P/FCF Ratio: 0.00
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

AYRO's overall stock score is low due to significant financial challenges, including persistent net losses and negative cash flows. The neutral technical indicators do not provide a strong case for a near-term reversal in stock performance. Valuation remains unattractive due to a negative P/E ratio and no dividend yield, further weighing down the overall score.

AYRO Business Overview & Revenue Model

Company Description

AYRO, Inc. is a company operating in the electric vehicle sector, focusing on the design and production of purpose-built, sustainable electric vehicles. These include vehicles tailored for commercial and campus use, catering to the needs of last-mile delivery, campus operations, and urban transport. The company is committed to providing innovative and cost-effective transportation solutions that reduce carbon footprints while enhancing operational efficiency.

How the Company Makes Money

AYRO generates revenue primarily through the sale of its electric vehicles. The company's key revenue streams include direct sales to commercial businesses, universities, and municipal organizations that require reliable and eco-friendly transportation solutions. Additionally, AYRO may partner with other companies or organizations to enhance vehicle distribution and service offerings, increasing its market reach and customer base. Revenue is also supported by after-sales services, which include maintenance, repairs, and the sale of spare parts. Strategic partnerships with manufacturers and distributors further bolster AYRO's revenue by facilitating greater access to target markets and enhancing the overall value proposition of its electric vehicle offerings.

AYRO Financial Statement Overview

Summary

AYRO's financial statements highlight substantial challenges, with negative profit margins and declining revenues indicating operational struggles. The balance sheet shows weak returns on equity and potential liquidity risks, despite a manageable debt load. Cash flow issues persist, with negative free cash flow raising concerns about operational sustainability. Overall, the financial health of AYRO is precarious, requiring strategic interventions to improve profitability and cash flow stability.

Income Statement

The income statement shows significant challenges with negative profit margins and declining revenue. The TTM gross profit margin is severely negative due to substantial gross losses. The company is also experiencing negative EBIT and EBITDA margins, indicating ongoing operational inefficiencies. Additionally, the revenue growth rate is negative, indicating a decline from previous periods. Overall, these metrics point to poor operational performance and a need for strategic improvements.

Balance Sheet

The balance sheet reveals a relatively low debt-to-equity ratio, which suggests limited leverage and potential for additional borrowing if needed. However, the return on equity is negative due to consistent net losses, indicating inefficiency in generating returns on shareholder investment. The equity ratio shows a moderate level of equity financing, but the significant decline in stockholders' equity over time is concerning. These metrics suggest financial instability and potential liquidity issues.

Cash Flow

Cash flow analysis indicates negative free cash flow, reflecting ongoing challenges in generating sufficient operational cash. The operating cash flow to net income ratio is negative, signaling cash flow issues. Despite increases in financing cash flow, primarily from external funding, the company struggles with cash flow sustainability. Overall, the cash flow position suggests the need for urgent improvements in operational efficiency and cash management.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
221.67K	498.92K	2.99M	2.68M	1.60M	890.15K
	Gross Profit
-6.67M	-4.64M	-3.05M	-2.09M	-166.48K	198.31K
	EBIT
-20.95M	-28.16M	-23.28M	-33.13M	-10.11M	-8.49M
	EBITDA
-20.30M	-26.92M	-21.98M	-32.34M	-9.88M	-7.77M
	Net Income Common Stockholders
-6.27M	-34.16M	-45.87M	-33.13M	-11.33M	-8.84M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
257.17K	33.44M	48.95M	69.16M	36.54M	641.82K
	Total Assets
2.25M	52.86M	54.99M	78.13M	41.96M	2.78M
	Total Debt
0.00	699.51K	859.54K	1.07M	1.15M	1.32M
	Net Debt
-257.17K	-32.74M	-38.24M	-68.09M	-35.39M	683.15K
	Total Liabilities
0.00	27.53M	2.93M	4.70M	2.60M	2.71M
	Stockholders Equity
1.55M	25.33M	52.06M	73.42M	39.36M	68.94K
Cash Flow		Free Cash Flow
-15.45M	-28.37M	-20.37M	-27.23M	-10.54M	-4.61M
	Operating Cash Flow
-15.21M	-26.18M	-18.73M	-26.63M	-10.02M	-4.10M
	Investing Cash Flow
19.78M	8.89M	-11.34M	-600.36K	2.54M	-374.35K
	Financing Cash Flow
15.70M	21.63M	0.00	59.86M	43.37M	5.08M

AYRO Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.52
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AYRO, the sentiment is Neutral. The current price of 0.52 is above the 20-day moving average (MA) of 0.51, below the 50-day MA of 0.54, and below the 200-day MA of 0.71, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 51.34 is Neutral, neither overbought nor oversold. The STOCH value of 65.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AYRO.

AYRO Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$6.78B	11.63	3.24%	4.20%	2.36%	-21.91%
CLEU	44 Neutral	$5.55M	―	-7.45%	―	―	―
VMAR	42 Neutral	$7.26M	―	-80.86%	―	-55.43%	55.17%
AYRO	35 Underperform	$4.23M	―	-9.34%	―	-87.22%	77.29%
EVTV	34 Underperform	$5.58M	―	-42.59%	―	-34.68%	34.15%
VLCN	27 Underperform	$3.04M	―	-864.11%	―	23.80%	99.03%

AYRO Corporate Events

AYRO Approves Key Proposals at Annual Meeting

AYRO held its Annual Meeting on December 30, 2024, where several proposals were presented and approved by stockholders. These included the election of six directors, an amendment to the Long-Term Incentive Plan to increase shares, ratification of Marcum LLP as the independent accounting firm, a reverse stock split, and a proposal to adjourn the meeting if needed. The approval of these proposals is expected to impact the company’s operational framework and strategic direction, potentially affecting its market positioning and stakeholder interests.

AYRO Announces Significant Amendments and Director Changes

AYRO, Inc. has amended its Securities Purchase Agreement with investors, affecting its Series H-7 Convertible Preferred Stock and related warrants. A new amendment has been agreed upon with required holders, classifying Director Equity Grants as ‘Excluded Securities.’ The company’s board approved stock and cash-settled restricted stock unit awards to directors, based on a $0.76 share price, as part of annual and partial annual grants for 2023 and 2024.