Steer Technologies Inc. (STEEF) Stock Analysis
DELISTED 2024
What happened to Steer Technologies Inc. (STEEF) stock?
Steer Technologies Inc. (STEEF) no longer trades on public markets. It was delisted in July 2024. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Steer Technologies Inc. (STEEF) trades at $0.2222. Steer Technologies Inc. operates an integrated ESG technology platform, providing subscription and on-demand services, including its flagship electric vehicle subscription business, STEER EV. Market cap: $29.5M, Sector: Technology.
Last analyzed: Mar 18, 2026Analyst Coverage for STEEF: STEEF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates STEEF against Technology peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
STEEF: 2/2 scored disciplines lean bearish. Dominant signal: Jim Simons bearish.
How is this calculated? →Steer Technologies Inc. (STEEF) Technology Profile & Competitive Position
Steer Technologies Inc. provides an integrated ESG technology platform, offering subscription and on-demand services, including its STEER EV electric vehicle subscription service. Operating in the application software sector, the company caters to evolving consumer preferences for sustainable transportation and on-demand services, while facing competition in a dynamic market.
What Is the Investment Thesis for STEEF?
Steer Technologies Inc. presents a high-risk, high-reward investment opportunity within the evolving ESG technology and electric vehicle subscription market. The company's focus on providing integrated subscription and on-demand services, particularly through its STEER EV platform, positions it to capitalize on growing consumer interest in sustainable transportation. However, the company's negative profit margin of -658.5% and a P/E ratio of -4.82 indicate significant financial challenges. The company's high beta of 2.56 suggests high volatility relative to the market. Success hinges on effective execution of its growth strategies, including expanding its STEER EV subscription base and scaling its on-demand service offerings. Investors should closely monitor the company's ability to improve its financial performance, manage its cash flow, and navigate the competitive landscape.
Based on FMP financials and quantitative analysis
STEEF Key Highlights
Market Cap of $29.5M indicates a small-cap company with potential for growth but also higher risk.
- P/E ratio of -4.82 suggests the company is currently not profitable.
- Profit Margin of -658.5% reflects significant losses relative to revenue.
- Gross Margin of 15.6% indicates the percentage of revenue exceeding the cost of goods sold.
- Beta of 2.56 suggests the stock is more volatile than the overall market.
Who Are STEEF's Competitors?
STEEF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CIERF CHIeru Co.,Ltd. | $3.93 | +0.00% | $29.3M | 50 |
| IMNTF IMINT Image Intelligence AB (publ.) | $2.35 | +0.00% | $21.5M | 45 |
| LSPKF LifeSpeak Inc. | $0.24 | +0.00% | $14.0M | 45 |
| MPSFF RevoluGROUP Canada Inc. | $0.19 | +22.58% | $36.8M | 51 |
| ODYS Odysight.ai Inc. | $3.35 | -7.71% | $56.2M | 53 |
| RSASF RESAAS Services Inc. | $0.31 | +6.90% | $26.1M | 69 |
| IDN Intellicheck, Inc. | $2.96 | -3.10% | $60.0M | 78 |
| WFCF Where Food Comes From, Inc. | $13.05 | +4.40% | $65.8M | 71 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are STEEF's Key Strengths?
Integrated ESG technology platform.
- Electric vehicle subscription service (STEER EV).
- Diverse on-demand service offerings.
- B2B marketplace creating network effects.
What Are STEEF's Weaknesses?
Negative profit margin and P/E ratio.
- Limited brand recognition.
- High beta indicating high volatility.
- Dependence on market acceptance of electric vehicles.
What Could Drive STEEF Stock Higher?
Expansion of STEER EV service to new geographic markets.
- Launch of new features and capabilities on the technology platform.
- Strategic partnerships with EV manufacturers and technology providers.
- Scaling of on-demand service offerings.
- Marketing and promotion of STEER EV and other services.
What Are the Key Risks for STEEF?
Financial-distress signal — its Altman Z-Score of -8.34 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Intense competition in the electric vehicle and on-demand service markets.
- Economic downturn affecting consumer spending on discretionary services.
- Regulatory changes impacting electric vehicles and transportation services.
- Negative profit margin and financial losses.
- Limited brand recognition and market awareness.
What Are the Growth Opportunities for STEEF?
- Expansion of STEER EV Subscription Service: The electric vehicle subscription market is projected to grow significantly as consumers seek flexible and sustainable transportation options. Steer Technologies can capitalize on this trend by expanding the availability of its STEER EV service to new geographic markets and offering a wider range of EV models. Success depends on effective marketing, competitive pricing, and strategic partnerships with EV manufacturers. The timeline for significant expansion is estimated at 2-3 years, with the potential to capture a substantial share of the growing EV subscription market.
- Scaling On-Demand Service Offerings: Steer Technologies' on-demand services, including delivery, B2B marketplace, Delivery-as-a-Service, and rideshare, represent a significant growth opportunity. By expanding the scope and reach of these services, the company can generate additional revenue streams and diversify its business model. This includes investing in technology infrastructure, optimizing logistics, and building strategic partnerships with businesses and service providers. The on-demand service market is expected to continue growing, driven by increasing consumer demand for convenience and efficiency. The timeline for scaling these services is estimated at 1-2 years.
- Strategic Partnerships and Acquisitions: Steer Technologies can accelerate its growth by pursuing strategic partnerships and acquisitions. Collaborating with established players in the technology, transportation, and ESG sectors can provide access to new markets, technologies, and customer bases. Acquiring complementary businesses can expand the company's product and service offerings and enhance its competitive position. Identifying and executing value-accretive partnerships and acquisitions will be crucial for driving long-term growth. The timeline for potential partnerships and acquisitions is ongoing.
- Geographic Expansion: Steer Technologies can expand its operations to new geographic markets, both domestically and internationally. This includes targeting regions with high demand for electric vehicles and on-demand services. Entering new markets requires careful planning, market research, and adaptation to local regulations and consumer preferences. Successful geographic expansion can significantly increase the company's revenue and market share. The timeline for geographic expansion is estimated at 2-3 years, with a focus on high-growth markets.
- Technology Innovation and Platform Enhancement: Continuous innovation and enhancement of Steer Technologies' platform are essential for maintaining a competitive edge. This includes investing in research and development, incorporating new technologies, and improving the user experience. By staying at the forefront of technological advancements, the company can attract new customers, retain existing ones, and differentiate itself from competitors. The timeline for ongoing technology innovation is continuous, with a focus on delivering new features and capabilities on a regular basis.
What Are STEEF's Competitive Advantages?
- Integrated ESG technology platform offering diverse services.
- Focus on electric vehicle subscriptions with STEER EV.
- On-demand service offerings provide additional revenue streams.
- B2B marketplace creates network effects and customer lock-in.
What Does STEEF Do?
Steer Technologies Inc., formerly known as Facedrive Inc., was founded in 2016 and rebranded in October 2022 to reflect its strategic shift towards electric vehicle subscriptions and ESG-focused technology solutions. Headquartered in Scarborough, Canada, Steer Technologies operates an integrated platform providing both subscription and on-demand services. Its flagship product, STEER EV, is a subscription-based electric vehicle service designed to provide users with flexible access to EVs without the long-term commitment of ownership. In addition to STEER EV, the company offers on-demand services, including delivery, a B2B marketplace, Delivery-as-a-Service, and rideshare options. These services are designed to cater to a variety of consumer and business needs, leveraging technology to provide efficient and sustainable solutions. Steer Technologies aims to capitalize on the growing demand for environmentally conscious transportation and convenient on-demand services. The company's evolution reflects a strategic pivot to align with emerging market trends and consumer preferences in the technology and transportation sectors. While still relatively new, Steer Technologies seeks to establish itself as a key player in the integrated ESG technology platform space.
What Products and Services Does STEEF Offer?
- Operates an integrated ESG technology platform.
- Offers subscription-based services, including STEER EV.
- Provides on-demand services such as delivery and rideshare.
- Facilitates a B2B marketplace.
- Offers Delivery-as-a-Service solutions.
- Focuses on electric vehicle subscriptions through STEER EV.
How Does STEEF Make Money?
- Subscription revenue from STEER EV electric vehicle subscriptions.
- Transaction fees from on-demand services like delivery and rideshare.
- Revenue from B2B marketplace transactions.
- Fees for Delivery-as-a-Service solutions.
What Industry Does STEEF Operate In?
Steer Technologies Inc. operates within the application software industry, which is experiencing rapid growth driven by increasing demand for digital solutions across various sectors. The market is characterized by intense competition, with established players and emerging startups vying for market share. The shift towards sustainable transportation and ESG-focused solutions presents both opportunities and challenges for companies like Steer Technologies. The company's success depends on its ability to differentiate itself through innovative offerings and effective marketing strategies.
Who Are STEEF's Key Customers?
- Consumers seeking flexible access to electric vehicles.
- Businesses requiring delivery and logistics solutions.
- Users of on-demand services like rideshare.
- Participants in the B2B marketplace.
How Steer Technologies Inc. Is Valued
Steer Technologies Inc. carries a market capitalization of $29.5M, placing it in the micro-cap category.
Company Profile
Steer Technologies Inc. operates in the Software - Application industry within the Technology sector. It is headquartered in Scarborough, CA. The company is led by CEO Junaid Razvi. STEEF has traded publicly since 2020.
Key Financial Metrics
Return on equity for Steer Technologies Inc. stands at 70.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.6%, showing how much profit it generates from its asset base. STEEF trades at a trailing price-to-earnings ratio of 44.96, above the Technology sector average of ~34x. Its free cash flow yield is -18.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.04 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 2.2%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Steer Technologies Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -8.34 places it in the distress zone, a signal of elevated financial risk.
STEEF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Integrated ESG technology platform.
- Electric vehicle subscription service (STEER EV).
- Diverse on-demand service offerings.
- B2B marketplace creating network effects.
Bear Case
- Negative profit margin and P/E ratio.
- Limited brand recognition.
- High beta indicating high volatility.
- Dependence on market acceptance of electric vehicles.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
STEEF Latest News
No recent news available for STEEF.
Leadership: Junaid Razvi
CEO
Junaid Razvi is the CEO of Steer Technologies Inc. His background includes experience in technology and business management. He has held various leadership positions in technology-driven companies, focusing on strategic growth and innovation. Razvi's expertise lies in developing and executing business strategies, driving revenue growth, and building strong teams. He is responsible for overseeing all aspects of Steer Technologies' operations and strategic direction.
Track Record: Since becoming CEO, Junaid Razvi has focused on rebranding Facedrive Inc. to Steer Technologies Inc. and shifting the company's focus towards ESG-centric technology solutions, particularly the STEER EV platform. He has been instrumental in driving the company's strategic pivot and positioning it to capitalize on the growing demand for sustainable transportation and on-demand services. His leadership is aimed at improving the company's financial performance and market position.
STEEF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Steer Technologies Inc. may not meet the minimum financial or disclosure requirements for higher tiers like OTCQX or OTCQB. Companies in this tier often have limited trading volume and may be subject to less regulatory oversight compared to those listed on major exchanges like the NYSE or NASDAQ. Investing in OTC Other stocks carries a higher degree of risk due to the potential for limited information and liquidity.
- OTC Tier: OTC Other
- Limited liquidity due to lower trading volumes.
- Higher price volatility compared to exchange-listed stocks.
- Less stringent regulatory oversight and disclosure requirements.
- Potential for limited financial information and transparency.
- Increased risk of fraud or manipulation.
- Verify the company's regulatory filings and disclosures.
- Assess the company's financial health and stability.
- Research the company's management team and their track record.
- Understand the company's business model and competitive landscape.
- Evaluate the company's growth prospects and potential risks.
- Monitor trading volume and price volatility.
- Consult with a financial advisor before investing.
- Company's operation of an integrated ESG technology platform.
- Focus on electric vehicle subscriptions with STEER EV.
- Existence of on-demand service offerings.
- Company's history of operations since 2016.
- Headquarters located in Scarborough, Canada.
What Investors Ask About Steer Technologies Inc. (STEEF) — Technology
What happened to Steer Technologies Inc. (STEEF) stock?
Steer Technologies Inc. (STEEF) no longer trades on public markets. It was delisted in July 2024. The figures below are historical and are not a current quote.
Can I still buy STEEF shares?
No. STEEF stopped trading on public markets in July 2024, so the shares are not available through a broker. Anything you see quoted for STEEF elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before STEEF stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Steer Technologies Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Steer Technologies Inc. do?
Steer Technologies Inc. operates an integrated ESG technology platform that offers subscription and on-demand services. Its flagship product, STEER EV, is an electric vehicle subscription service providing flexible access to EVs. The company also offers on-demand services, including delivery, a B2B marketplace, Delivery-as-a-Service, and rideshare options. Steer Technologies aims to capitalize on the growing demand for sustainable transportation and convenient on-demand services by providing technology-driven solutions.
What are the main risks for STEEF?
Steer Technologies Inc. faces several risks, including intense competition in the technology and transportation sectors, the company's negative profit margin and financial losses, and limited brand recognition. Economic downturns could affect consumer spending on discretionary services, impacting revenue. Regulatory changes related to electric vehicles and transportation services could also pose challenges. Furthermore, the company's success depends on market acceptance of electric vehicles and its ability to differentiate itself from competitors.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on available information and may be subject to change.
- OTC market investments carry higher risks than exchange-listed stocks.
- AI analysis is pending and may provide additional insights.