|Bid||3.9900 x 1100|
|Ask||3.9900 x 800|
|Day's Range||3.9200 - 4.2400|
|52 Week Range||2.1500 - 5,468.7500|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 14, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
When I look at AYRO (NASDAQ:AYRO), it feels a bit like deja vu from when I was recently asked to give an opinion on ElectraMeccanica Vehicles (NASDAQ:SOLO). I felt the basic problem for ElectraMeccanica was that it didn't have a good answer to why this time is different. In other words, it might be the right product at the wrong time. And for investors in AYRO stock I have a similar concern.Source: Shutterstock The difference is that when I look at Ayro, I see similar demand issues to what has befallen the cannabis industry. Ayro Makes Sense…Kind OfI like the idea of Ayro more than I like the stock. Having quiet, electric vehicles moving around a campus or hotel or corporate campus makes a lot of sense. And I can imagine when the company first started trading publicly in 2000, it had visions of what could be.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Travel Stocks to Buy Banking On Pent-Up Demand But that was 20 years ago. That's a long time and the company still generated just $1 million in revenue in 2019. As Matt McCall wrote recently, Tesla (NASDAQ:TSLA) is showing that the EV market is well beyond proof of concept. So why isn't the company seeing more demand? This May Be Cannabis 2.0Not all EV stocks remind me of the cannabis industry, but Ayro does for one reason. The company's stock moved substantially in early July on news that it had finished construction of a factory in Austin, Texas. This will allow the company to increase production from 200 to 600 EVs every month.But that reminds me of cannabis companies that were in an arms race to see who could be the biggest grower. That quickly turned into a problem when regulations and other factors tamped down demand. The novel coronavirus may be having the same effect on demand for Ayro products.Now in the case of Ayro, the company has early demand. In July, the company announced it has received $584,000 in orders for its inaugural purpose-built EV hospitality truck solution. And the company also announced a partnership with Gallery Carts to launch "on-the-go" hospitality vehicles.Don't misunderstand. The company showing the ability to produce product at scale is important, but that won't matter if demand isn't there. And while it's good to see that the company has orders, they need more. A lot more. Right Product at the Wrong TimeThe company's vehicles are designed for small "campus like" settings. Naturally colleges and universities are a key target. But the company also cites corporate campuses, hotels, and even food and beverage companies as its targets.And like cannabis, Ayro may indeed have the right product. But as my colleague Josh Enomoto wrote, this may be the wrong time. Restaurants are struggling to keep their doors open. They're not looking to make capital expenditures. The same goes for many of the company's other target markets.Could that change? Yes, but like the cannabis market the situation for AYRO stock won't get better until there is real demand. And that simply does not exist at the moment. Is AYRO Stock a Good Speculative Bet?According to Ayro, the addressable market for low-speed electric vehicles (LSEV) will reach $23.9 billion by 2026. The takeaway is simple. If Ayro claims just a small percent of that market share, it will have a significantly higher valuation than its current $100.6 million market capitalization.Ayro just initiated a share offering and there has been strong demand for the company's equity. The same could be said for cannabis stocks back in 2018. The short-term future for AYRO stock comes down to what the company is able to do with the cash it receives. And that means that companies that are in their addressable market have to turn sustainability pledges into action. I'm not sure if that can happen right now.Like cannabis, I'm generally bullish about electric vehicles. It's an idea that is finally starting to become commercially viable at scale. But for Ayro, the Covid-19 pandemic could not have come at a worse time. If you're willing to wait on AYRO stock, it might be worth your while. But as you should have learned from cannabis stocks, waiting for the next new thing may be a longer wait than you thought.Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for Investor Place since 2019. As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Ayro Investors Should Look to the Cannabis Industry appeared first on InvestorPlace.
LOS ANGELES, CA / ACCESSWIRE / August 5, 2020 / LD Micro today announced the initial list of companies slated to present at the upcoming LD 500, taking place September 1st-4th, 2020, exclusively online.
A decade ago, one of the biggest concerns about electric vehicles was the cost of the battery and its ability to facilitate a reasonable lifecycle before requiring an upgrade or replacement. But EVs have come a long way, which heavily supports the case now for Ayro Inc (NASDAQ:AYRO). As a specialist in urban-friendly delivery and utility vehicles, AYRO stock immediately distinguishes itself from the competition.Source: buffaloboy / Shutterstock.com That's wonderful news if you're thinking about speculating on the upstart. Rather than going toe-to-toe with sector giant Tesla (NASDAQ:TSLA), Ayro has a different focus: take the EV platform and apply it to "service" vehicles. Thus, the company's key clients come from academic institutions, government entities, hotels and resorts, and the food, beverage and retail industries.Both on the surface and deeper into the details, AYRO stock makes perfect sense as a long-term buy. As you know, institutions like large high school and college campuses require the transportation of people and equipment. Traditionally, this role was filled by ultra-compact, combustion-engine vehicles.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, the emissions that gasoline-powered vehicles emit is obnoxious at best and present health hazards at worst. With Ayro's EVs, you have zero emissions, eliminating this risk altogether. As well, you don't have the risk of carbon monoxide poisoning, making compact EVs appropriate for indoor use: think large-scale facilities or sports arenas.Further, a substantial advantage for Ayro's service solutions is that they're easier to maintain. Because EVs have fewer moving parts, clients can save big on maintenance costs. Also, the lifespan of modern EVs are much longer than they've ever been, dramatically improving the cost savings. * 10 Cybersecurity Stocks We Need Now More Than Ever So, why isn't everyone pouncing on AYRO stock? It may be the novel coronavirus. Disruption Cuts Both Ways for AYRO StockIf I could summarize the bull case for AYRO stock, it's that it follows major trends in other areas of the economy. Namely, we're seeing a transition from analog (in this case, the combustion engine) to digital (EVs) technology. And in any other circumstance, I'd probably buy shares without so much as a question.However, before you back up the truck on AYRO stock, we must have a discussion on the risk factors. Primarily, if the coronavirus worsens - perhaps a massive second (or is that third?) wave during the winter season - it would impact every one of Ayro's key clients' industries.For instance, a utility/transportation EV makes ridiculously logical sense in school campuses. But what will this space look like in the future? With states like California imposing restrictions that could impede the opening of schools, there's just no need for extraneous acquisitions.And please don't think that once Covid-19 goes away, academic institutions will be back up and running. Prior to the U.S. shutting down the Chinese consulate in Houston, American colleges were already fretting over a dearth in Chinese students, many of whom pay cash. Now, the Chinese have every excuse to give the U.S. the middle finger and take their money back home.Therefore, I see a very real possibility that not only restaurants will go out of business, but also colleges. Oh yeah, that's another tailwind for AYRO stock.The company's Ayro 311 is an ideal solution for food deliveries. Theoretically, the coronavirus bodes well for the 311 because restaurants have been forced into transitioning to a takeout/delivery business model. But if this transition was so viable, why do experts predict that 85% of independent restaurants will permanently close? A Great Idea at the Wrong TimeDespite my concerns for AYRO stock, I'm not opposed to buying shares. As I said, if it weren't for the health and economic crises, I'd be all over it. But because we don't live in the alternate universe that the Trump administration used to preside over, investors can't just ignore the bigger picture.Yes, the coronavirus pandemic will eventually fade away, either because of a vaccine or because it killed everyone. However, you can reasonably expect that when society returns, it won't return to full capacity.For instance, government-run institutions will probably get close to full capacity. However, they'll be looking for budget cuts due to the unprecedented costs in fighting this virus. Also, universities will enroll students into their campuses, but not nearly to the extent it did in 2019. And I just mentioned how gutted the restaurant industry could be.So, if you do buy AYRO, take a measured bet. Also, assume some volatility. If the economic infrastructure can't return to full capacity, there's no way that Ayro won't incur lengthy negotiations regarding what is its true market value.A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Ayro Inc Is Picture-Perfect, Except for One Nagging Detail appeared first on InvestorPlace.
Austin, Texas, July 21, 2020 -- AYRO, Inc. (the “Company”) (NASDAQ: AYRO), a manufacturer of light-duty, emissions-free electric vehicles, today announced that it has entered.
New on-the-go EV solution helps support operational issues associated with COVID-19AUSTIN, TX / ACCESSWIRE / July 21, 2020 / AYRO, Inc.
Chinese premium electric vehicle maker NIO (NYSE:NIO) has taken off like a rocket ship in 2020, with NIO stock surging nearly 600% from a low of ~$2.40 in March, to a high of ~$16.40 in July. Because I was bullish on NIO stock down at the lows, many investors have asked me: what's the next electric vehicle stock ready to fly higher? The answer may be AYRO (NASDAQ:AYRO) stock.Source: buffaloboy / Shutterstock.com Texas-based AYRO is a nascent, freshly public, $90 million specialized EV maker with not much to show from a financial perspective. But the company finds itself at the epicenter of one of the EV market's most explosive verticals, with a compelling product portfolio, a unique and expansive distribution network and a clear opportunity to turn into a multi-billion-dollar EV giant within the next few years.Of course, this micro-cap stock is risky. But I think AYRO stock is worth the risk. Because, if things go right, AYRO stock could supercharge your portfolio over the next few years, in the same way NIO stock has over the past few months. Here's a deeper look.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Coming LSEV RevolutionThe electrification of transpiration promises to be one of the defining megatrends of the 2020s. In short, by the end of the decade, upwards of 20% of all vehicles globally will likely be zero-emission vehicles. That number will trend towards 100% over time. * 15 Growth Stocks That Are Being Propped Up By Low Rates One burgeoning yet often overlooked hyper-growth vertical of the EV market is what insiders call purpose-built, low-speed electric vehicles, or LSEVs. I'm talking three-wheel electric cars, electric golf carts, e-scooters, campus security EVs, so on and so forth.You might be thinking "OK, those are cool and all, but this is a niche market, isn't it?"Not really. Globally, there are about 40,000 golf courses, over 25,000 universities, over 200,000 hotels, nearly 18,000 airports, and countless more corporate campuses, fire stations, event stadiums, etc.Pretty much all of those properties use at least one and often several small, purpose-built vehicles -- like golf carts or food trucks -- meaning there are, at least, hundreds of thousands and likely millions of these small vehicles in the world. Most of those vehicles are gas-powered today.Almost all of them will be electrified over the next decade, as institutions strive to cut down carbon emissions and eliminate fuel costs.Thus, over the next several years, EV companies will sell hundreds of thousands of LSEVs to golf courses, universities, hotels, airports, corporations, stadiums, so on and so forth.To that end, the LSEV revolution will be huge. Like almost $25 billion huge. And companies exposed to this LSEV megatrend will see their revenues, profits and stock prices soar higher. Meet AYROReaders of mine are familiar with three-wheel EV pioneer Arcimoto (NASDAQ:FUV). It's a company which I've pounded the table on before as a great way to play the LSEV megatrend.FUV stock -- like NIO stock -- has been a big winner in 2020. Year-to-date, FUV stock is up about 300%.But, one freshly-public, under-the-radar, micro-cap LSEV company which the market is sleeping on is AYRO.Founded in 2017 (and only public since May 2020, following a merger with DropCar), Texas-based AYRO is a young, $90 million company that's in the top of the first inning of a huge, multi-year growth narrative.Here's the story. On the Cusp of Breakthrough GrowthAYRO has two LSEVs.First, there's the Club Car 411, a compact, four-wheel EV that looks like an electric golf cart and is built for cross-purpose use across a variety of end-markets, such as a security EV on college campuses or a transportation EV for resorts. Then there's the AYRO 311, a three-wheel EV designed specifically for last-mile delivery.AYRO hasn't done much of anything yet. Revenues in 2019 were under $1 million.But the company has scored a hugely valuable, strategic partnership with Club Car -- a subsidiary of the $12 billion conglomerate Ingersoll Rand (NYSE:IR) and one of the world's leading suppliers of golf carts and small utility vehicles to golf courses, universities, and the like.Thanks to this partnership, AYRO's Club Car 411 is now being pushed through Club Car's extensive and established global dealer distribution network.The implication is that, over the next few years, AYRO's Club Car 411 could start to land some pretty big contracts with universities, golf courses, and hotel properties as those organizations join the small vehicle electrification wave.Winning those contracts will help AYRO grow its brand and reputation as a top-tier LSEV provider early on in the LSEV revolution. Such branding power will enable AYRO to develop first-mover's advantage in the space. The company can then turn that first-mover's advantage into sustained leadership through word-of-mouth recommendations (universities talk) and more contract wins.Management can subsequently lean into the company's branding power to more efficiently drum up interest for and sell its AYRO 311 vehicles to restaurants looking to build out their own delivery networks, at a time when delivery is of increasing importance (thanks, Covid-19) yet food delivery platforms like GrubHub (NYSE:GRUB) are eating into restaurant profits (in many case, they cut into restaurants' profits by 30%).Big picture: AYRO is on the cusp of going from selling a handful of LSEVs in 2019, to potentially selling tens of thousands of these vehicles per year over the next few years. The Next NIO?To be clear, NIO sells premium passenger EVs. AYRO sells affordable, purpose-built, utility EVs. The two markets don't really overlap.But in terms of percent returns, AYRO stock could end up looking a lot like NIO stock.AYRO just expanded its Austin factory from 10,000 square feet to 24,000 square feet. The company did so because demand trends had outpaced AYRO's production capacity, which was sitting at 200 vehicles per month. The new factory can churn out 600 vehicles per month.Relative to the addressable market -- which I see as potentially millions of LSEVs -- that's still a tiny number.Given the company's strong product line-up and expansive distribution network, as well as strengthening demand tailwinds for zero-emission transportation, I can easily see AYRO outgrowing this new factory rather quickly, and scaling to several thousand LSEV deliveries per month.Realistically, I think AYRO could grow to 30,000+ LSEV deliveries per year. At $20,000 per vehicle, that equates to $600 million in revenue. Gross margins on the vehicles should round out to ~25%. The opex rate will likely wind up at 15%. Operating margins should clock in at 10%. On $600 million in revenues, that implies $60 million in profits.A market-average 17-times multiple on that equates to a potential future valuation for AYRO of $1+ billion.That implies huge, 1,000%+ long-term upside potential in AYRO stock. Beware of the RisksAYRO stock is not without risks.This is a tiny company. With a minimal track record. In a highly competitive space. With no guarantee that things will plan as I expect them to.Concurrently, AYRO stock is a micro-cap. That's less liquid than something like Tesla (NASDAQ:TSLA) stock. Less liquidity implies bigger downside risks in the event that things don't go as planned, or if underlying fundamentals start to meaningfully deteriorate.In other words, this is a speculative stock. It's not for your lunch money. Bottom Line on AYRO StockNIO stock has been a huge success in 2020. But the valuation on the stock now implies that the best of that mega-rally is over.So if you're looking for the next NIO stock, AYRO stock could be your answer.This micro-cap company appears to be on the verge of breakthrough growth in the explosive LSEV market over the next few years. If management successfully executes against the company's compelling market opportunity, then AYRO stock could turn into a ten-bagger.Luke Lango is a Markets Analyst for InvestorPlace. He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. A Caltech graduate, Luke has consistently been rated one of the world's top stock pickers by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm. As of this writing, he was long NIO. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post The Next Big EV Stock to Buy Might Just Be AYRO appeared first on InvestorPlace.
AUSTIN, TX / ACCESSWIRE / July 9, 2020 / AYRO, Inc. (the "Company") (AYRO), a manufacturer of light-duty, emissions-free electric vehicles, today announced the closing of its previously announced registered direct offering of an aggregate of 3,157,895 shares of the Company's common stock at a purchase price of $4.75 per share. The gross proceeds to the Company from this offering were approximately $15 million, before deducting placement agent fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.
AUSTIN, TX / ACCESSWIRE / July 9, 2020 / AYRO, Inc. (NASDAQ:AYRO), a manufacturer of light-duty, emissions-free electric vehicles, today announced a collaborative engineering partnership with Gallery Carts, a leading provider of food and beverage kiosks, carts, and mobile storefront solutions. Joint development efforts have led to the launch of the parties' first all-electric configurable mobile hospitality vehicle for "on-the-go" venues across the United States. Gallery, with 40 years of experience delivering custom food kiosk solutions, has expanded into mobile electric vehicles as customers increasingly want food, beverages and merchandise delivered to where they are gathering.
AYRO, Inc. (the “Company”) (AYRO), a manufacturer of light-duty, emissions-free electric vehicles, today announced that it has entered into definitive agreements with several institutional and accredited investors for the purchase and sale of shares of the Company’s common stock, at a purchase price of $4.75 per share, in a registered direct offering. The gross proceeds to the Company from this offering are expected to be approximately $15 million, before deducting placement agent fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.