How to Buy Ryde Group Stock
Ryde Group Ltd
Ryde Group is a app company located in Singapore, which is part of the Technology sector, and is traded under the ticker RYDE on the NYSEMKT exchange.
Ryde Group stock last closed at $7.44, up 22.77% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Software - Application industry by N/A percentage points. Ryde Group stock is currently +268.32% from its 52-week low of $2.02, and -8.37% from its 52-week high of $8.12.
As of May 8, 2024, there are 19.11M RYDE shares outstanding. The market cap of RYDE is $142.20M. In the past 24 hours, 430,096 RYDE shares were traded.
How to Buy Ryde Group Stock
Wondering how to invest in Ryde Group stock? Here's how.
- Choose where to buy Ryde Group stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Ryde Group stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Select your payment method and add your information.
- Analyze Ryde Group stock: The Ryde Group ticker symbol is RYDE. Is Ryde Group stock a good investment? Should you buy shares of RYDE? How do RYDE's underlying business fundamentals look? Do top analysts think Ryde Group is a good buy? Why has RYDE's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if RYDE is a good stock to buy).
- Place your RYDE buy order: Decide if you will purchase RYDE shares at the current market price or use a limit order to purchase RYDE shares at a given price.
- Track your investment in RYDE: Create a watchlist to important notifications about your investment in Ryde Group stock.
Step 1: Choose where to buy Ryde Group stock
You need a brokerage account in order to access the NYSEMKT market and buy RYDE stock.
Our recommended brokerage: eToro
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- Social investing: eToro has a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
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- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal details so you are able to invest in RYDE today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create a new trading account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've created your account on our top ranked stock trading app, your next step is to transfer the money for your investment:
Check out the video below if you need help transferring funds into your brokerage account.
Step 4: Analyze Ryde Group stock
After you have decided on the best place to buy Ryde Group stock, it's critical to evaluate their stock before you invest, so you can understand the risk and upside.
Ryde Group shares quick numbers
RYDE Overview
WallStreetZen was designed to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on RYDE's stock page.
How is RYDE stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge RYDE's true value.
You can do additional valuation analysis on RYDE's stock here.
RYDE Financial Overview
Signs that RYDE is financially healthy:
- RYDE has $1.25M in cash and short term investments. This is sufficient to cover its annual cash burn of $1.19M.
- RYDE has cash burn of 1187500. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the RYDE balance sheet.
Signs that RYDE is not financially healthy:
- There are more short-term liabilities than short-term assets on the RYDE balance sheet.
- RYDE profit margin has gone down from -55.8% to -148% in the past year.
- RYDE debt to equity ratio of -1.72 is negative.
- Total RYDE debt is still negative.
Is it a good time to buy RYDE stock, according to Wall Street analysts?
Out of 1 sell side analysts who give forecasts on RYDE, the consensus analyst rating on Ryde Group is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Ryde Group stock forecast page.
RYDE Technicals
RYDE Growth Numbers
Last year, RYDE revenue was $6.37M. In the past 2 year, RYDE's revenue has increased by 19.62% per year. This was slower than the Software - Application industry average of 28.16%.
You can research RYDE's earnings and revenue performance here.
Are RYDE executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at RYDE have not bought or sold any shares.
Research more about who owns RYDE stock here.
Does RYDE provide a stable income stream?
No, Ryde Group doesn't provide an income stream by paying out dividends.
What do other investors have to say about RYDE?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your RYDE buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, place a limit order.
Click the Open Trade button and your broker will execute the order.
If you need more help with investing in stocks on eToro, click the helpful video below:
Step 6: Track your investment in RYDE
Now that you own some shares in RYDE, you'll want to stay up-to-date on your new stock purchase.
Start a watchlist to see the latest developments about your RYDE stock.
RYDE Feed
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How to Buy Stock in Ryde Group
To summarize, here are the 6 steps to buy stock in Ryde Group:
- Choose where to buy Ryde Group stock
- Create a brokerage account
- Put funds into your investment account
- Analyze Ryde Group stock
- Place your RYDE buy order
- Track your investment in RYDE
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get updates on your new investment in Ryde Group, create a watchlist today.
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