AYRO misses Q3 earnings expectations by $0.04

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Ayro Intrinsic Value – AYRO ($NASDAQ:AYRO) is a publicly-traded company that designs, manufactures, and sells electric vehicles. The miss was primarily due to lower than expected revenue and higher than expected expenses. AYRO’s stock price fell following the release of the earnings report. Analysts are divided on the company’s future prospects.

Some believe that the miss was due to one-time factors and that AYRO will return to profitability in the future. Others are concerned that the miss is indicative of deeper problems at the company. Time will tell whether AYRO can rebound from this miss. In the meantime, investors should closely monitor the company’s progress.

Earnings

AYRO reported earnings for the second quarter of their fiscal year 2022, and fell short of expectations by $0.04. In the report, they earned a total revenue of $3.4 million, and had a net income loss of $30.3 million. Compared to the previous year, this is a 25.9% increase in total revenue. Over the past three years, AYRO’s total revenue has grown from $1.6 million to $3.4 million. Despite missing earnings expectations, AYRO’s revenue growth is encouraging. The company has seen significant growth over the past three years, and seems to be on a positive trend.

However, they will need to continue to grow at a similar rate in order to meet future earnings expectations.

Share Price

On Thursday, AYRO stock opened at $0.6 and closed at $0.6, down by 4.6% from previous closing price of $0.6. This was in response to the company’s release of their Q3 earnings, which missed expectations by $0.04. This is the latest in a string of bad news for the company, which has seen its stock price plummet in recent months.

VI Analysis – Ayro Intrinsic Value

Investors often look to a company’s fundamentals in order to gauge its long-term potential. This can be a complex task, but the VI app simplifies the process by providing users with key data points and analysis. Based on this information, the intrinsic value of AYRO shares is around $4.50.

However, the stock is currently trading at just $0.60, representing a 87% discount to its intrinsic value. This makes AYRO a potentially attractive investment opportunity for value-conscious investors.

VI Peers

The electric vehicle industry is becoming increasingly competitive as more and more companies enter the market. AYRO Inc, QuantumScape Corp, Lordstown Motors Corp, and XPeng Inc are all competing for a share of the market. Each company has its own unique technology and approach to electric vehicles, and it will be interesting to see how the competition plays out.

– QuantumScape Corp ($NYSE:QS)

QuantumScape is a company that specializes in the development of battery technology for electric vehicles. The company’s market cap as of 2022 is 3.54 billion, and its ROE is -16.07%. QuantumScape is a relatively young company, and it is still in the process of commercializing its battery technology. The company has faced some challenges in recent years, but it remains one of the leading developers of battery technology for electric vehicles.

– Lordstown Motors Corp ($NASDAQ:RIDE)

Founded in 1954, Lordstown Motors Corp is an American electric vehicle manufacturer. The company’s first product is the Endurance, an all-electric pickup truck. Lordstown Motors is headquartered in Ohio and has a manufacturing facility in Michigan.

As of 2022, Lordstown Motors Corp has a market cap of 397.88M and a Return on Equity of -39.42%. The company manufactures electric vehicles and its first product is the Endurance, an all-electric pickup truck.

– XPeng Inc ($SEHK:09868)

Peng Inc is a leading provider of online travel services. The company offers a wide range of travel-related products and services, including air tickets, hotel reservations, car rentals, and vacation packages. Peng Inc has a market cap of 44.6B as of 2022, a Return on Equity of -11.13%. The company has been growing rapidly, but has faced some challenges in recent years.

Summary

If you’re considering investing in AYRO, it’s important to do your research and be aware of the company’s recent financial performance. While the stock price may have dipped after missing earnings expectations, it’s still worth keeping an eye on AYRO as a potential investment. The company is continuing to grow and expand its operations, so it could be a wise long-term investment. Be sure to monitor the company’s financials closely and consult with a financial advisor before making any decisions.