AYRO
AYRO

$0.8400

1.2%

Market Cap: $5.78M

About: AYRO Inc design and manufacture compact, sustainable electric vehicles for closed campus mobility, low-speed urban and community transport, local on-demand and last-mile delivery, and government use. It operates as one reportable segment, which is the design, development, manufacturing, and sales of electric vehicles, and operates in the United States.

Employees: 58

Communication Services Communications Services

0

Funds holding %

of 6,686 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding

Funds holding: 23 [Q1] → 23 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

0.31% less ownership

Funds ownership: 5.55% [Q1] → 5.24% (-0.31%) [Q2]

50% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 4

52% less capital invested

Capital invested by funds: $453K [Q1] → $216K (-$237K) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for AYRO.

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Financial journalist opinion

AYRO Appoints New Management Team to Re-Engineer and Revamp a Lower Cost Low-Speed Electric Vehicle

Appoints new President of operating division and new CFO ROUND ROCK, TX / ACCESSWIRE / August 21, 2024 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micro-mobility, and last-mile delivery, today announced that it has appointed Joseph Ramelli as AYRO's new Chief Financial Officer and Gilbert Villarreal as President of AYRO's operating subsidiary. Joseph Ramelli has vast experience in various management roles, including chief executive officer, chief financial officer and president.

AYRO Appoints New Management Team to Re-Engineer and Revamp a Lower Cost Low-Speed Electric Vehicle

EV Company News For The Month Of July 2024

Global electric car sales June 2024 up 15% YoY to 22% share. China sales up 23% to 49.9% share. Europe down 5% to 22% share. USA down 3.8% to 9.10%. EV market news - EU puts tariffs on China EVs. China doubles cash subsidies to replace ICE cars. U.S. EV sales reach new record in Q2 2024, up 11.3% YoY. EV company news - Tesla delays robotaxi event to October. JPMorgan hikes BYD's PT by more than 80% on outlook (to HKD 475). Volvo June electric car sales up 41%.

EV Company News For The Month Of July 2024

EV Company News For The Month Of June 2024

Global electric car sales in May 2024 are up 23% YoY to 20% share. China sales up 33% to 47% share. Europe is down 10% to 21% share. The USA is up 3.2% to 8.74%. EV market news - EVs pass a key measure of 'Price Parity' in the US. EU to slap tariffs of up to 48% on EV imports from China. EV company news - BYD is in final talks for a Mexico factory. Musk lays out his Tesla targets for Robotaxis & Optimus humanoid robots (~$30T combined).

EV Company News For The Month Of June 2024

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AYRO Reports Year-End 2023 Financial Results and Provides Corporate Update

ROUND ROCK, TX / ACCESSWIRE / April 9, 2024 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micro-mobility, and last-mile delivery, today announces financial results for the year ended December 31, 2023, and provides a corporate update. "During the fourth quarter of 2023 and throughout the first quarter of 2024, we took various measures intended to streamline our operations and focused on minimizing our cash burn, which is expected to continue to decline dramatically in 2024 as we target a burn rate of approximately $1.5 million per quarter," said Josh Silverman, AYRO's Executive Chairman.

AYRO Reports Year-End 2023 Financial Results and Provides Corporate Update

3 Emerging EV Players That Investors May Be Overlooking

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AYRO to Showcase Vehicles at 2024 PGA Show

Company continues to actively create market opportunities for vehicle sales for the Vanish while leveraging $48 million cash position to optimize shareholder value ROUND ROCK, TX / ACCESSWIRE / January 10, 2024 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility and last-mile delivery, announces its upcoming participation in the 2024 PGA Show January 24-26, 2024, in Orlando, Florida. Those attending the 2024 PGA Show can find AYRO at Booth No.

AYRO to Showcase Vehicles at 2024 PGA Show

EV Company News For The Month Of December 2023

Global electric car sales Nov. 2023 up 31%YoY to 19% share. China sales up 39% to 42% share. Europe down 2% to 26% share. USA up 30.6% to 9.23% share. EV market news - Electric vehicle sales in US to hit record in 2023. U.S proposes Foreign Entity Of Concern ("FEOC") rules. Canada to ban ICE cars/trucks by 2035. EV company news - BYD Co hits target selling 3.01m units in 2023. Tesla expanding Giga Shanghai ready for $25,000 Model 2, confirms over 2m Cybertruck pre-orders, hits 1.8m target.

EV Company News For The Month Of December 2023

AYRO Receives First U.S. Government Order for Its New Utility Low-Speed Electric Vehicle

Begins launch of new vehicles with strong balance sheet of $48 million in cash ROUND ROCK, TX / ACCESSWIRE / January 3, 2024 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility and last-mile delivery, announces that the Company received its first U.S. Government order for the Company's utility low-speed electric vehicle ("LSEV"), the AYRO Vanish (the "Vanish"), for a United States Embassy located in South Asia. "This order highlights the value a whisper quiet, high payload utility vehicle brings to an environment where noise is a principal liability," noted David Hollingsworth, Interim President of AYRO's Operating Division.

AYRO Receives First U.S. Government Order for Its New Utility Low-Speed Electric Vehicle

AYRO Names David Hollingsworth Interim President of AYRO's Operating Division

ROUND ROCK, TX / ACCESSWIRE / December 15, 2023 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility, and last-mile delivery, announces the appointment of its chief financial officer David Hollingsworth as interim president of the operations division of AYRO, AYRO Operating Company, Inc. Mr. Hollingsworth will continue with his ongoing duties as the parent company's CFO, chief information officer and chief human resources officer.

AYRO Names David Hollingsworth Interim President of AYRO's Operating Division

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