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NASDAQ:HYRE - HyreCar Stock Price, Forecast & News

$3.05
-0.15 (-4.69 %)
(As of 01/24/2020 04:00 PM ET)
Today's Range
$3.01
Now: $3.05
$3.20
50-Day Range
$2.22
MA: $2.73
$3.37
52-Week Range
$1.92
Now: $3.05
$8.03
Volume108,053 shs
Average Volume134,082 shs
Market Capitalization$49.99 million
P/E RatioN/A
Dividend YieldN/A
Beta1.64
HyreCar Inc. operates a Web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. The company has a strategic partnership with PassTime to deliver dealer-focused vehicle tracking and inventory management solution. HyreCar Inc. was founded in 2014 and is headquartered in Los Angeles, California.

Industry, Sector and Symbol

Industry Automotive rental & leasing, without drivers
Sub-IndustryN/A
SectorTransportation
Current SymbolNASDAQ:HYRE
CUSIPN/A
CIKN/A
Phone888-688-6769

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.78 million
Book Value$0.46 per share

Profitability

Net Income$-11,240,000.00

Miscellaneous

Employees87
Market Cap$49.99 million
Next Earnings Date3/26/2020 (Estimated)
OptionableNot Optionable

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HyreCar (NASDAQ:HYRE) Frequently Asked Questions

What is HyreCar's stock symbol?

HyreCar trades on the NASDAQ under the ticker symbol "HYRE."

How were HyreCar's earnings last quarter?

HyreCar Inc (NASDAQ:HYRE) posted its quarterly earnings results on Tuesday, November, 5th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by $0.09. The business earned $3.71 million during the quarter, compared to the consensus estimate of $3.91 million. HyreCar had a negative net margin of 70.49% and a negative return on equity of 101.83%. View HyreCar's Earnings History.

When is HyreCar's next earnings date?

HyreCar is scheduled to release their next quarterly earnings announcement on Thursday, March 26th 2020. View Earnings Estimates for HyreCar.

What guidance has HyreCar issued on next quarter's earnings?

HyreCar issued an update on its fourth quarter 2019 Pre-Market earnings guidance on Monday, January, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.6-4.8 million, compared to the consensus revenue estimate of $4.56 million.

What price target have analysts set for HYRE?

4 Wall Street analysts have issued 12-month price objectives for HyreCar's stock. Their forecasts range from $6.50 to $8.25. On average, they expect HyreCar's stock price to reach $7.19 in the next twelve months. This suggests a possible upside of 135.7% from the stock's current price. View Analyst Price Targets for HyreCar.

What is the consensus analysts' recommendation for HyreCar?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HyreCar in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for HyreCar.

What are Wall Street analysts saying about HyreCar stock?

Here are some recent quotes from research analysts about HyreCar stock:
  • 1. According to Zacks Investment Research, "HyreCar Inc. operates as a platform as a service company. It offers a car-sharing platform which allows car owners to rent their idle cars to ride-sharing service drivers. HyreCar Inc. is based in Los Angeles, United States. " (1/8/2020)
  • 2. Maxim Group analysts commented, "Ahead of 2Q19 results to be reported on Wednesday, August 14, we are slightly shifting revenue from our prior 2Q19 estimate, into 4Q19, but maintain our FY19 forecast for robust revenue growth (+67%) and improving EBITDA. With operating leverage from higher revenue along with more profitable insurance offerings, we anticipate 2Q19 gross margin expanding to 59.5% (vs. prior estimate of 60.6%), from 47.4% in 2Q18. We project over 80% revenue growth in 2019 and 58% average revenue growth over the next three years as the company is well-positioned to generate hyper- growth in the car-sharing marketplace. Maintain Buy rating and $10 price target." (8/9/2019)

Has HyreCar been receiving favorable news coverage?

Headlines about HYRE stock have been trending extremely negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. HyreCar earned a daily sentiment score of -4.5 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for HyreCar.

Are investors shorting HyreCar?

HyreCar saw a decline in short interest in December. As of December 31st, there was short interest totalling 1,590,000 shares, a decline of 8.1% from the December 15th total of 1,730,000 shares. Based on an average daily volume of 188,800 shares, the days-to-cover ratio is currently 8.4 days. Currently, 12.7% of the company's shares are short sold. View HyreCar's Current Options Chain.

Who are some of HyreCar's key competitors?

Some companies that are related to HyreCar include AMERCO (UHAL), Ryder System (R), Avis Budget Group (CAR), Hertz Global (HTZ) and SP Plus (SP).

What other stocks do shareholders of HyreCar own?

Based on aggregate information from My MarketBeat watchlists, some companies that other HyreCar investors own include Antares Pharma (ATRS), CorMedix (CRMD), DURECT (DRRX), Digital Turbine (APPS), Atossa Genetics (ATOS), Gilead Sciences (GILD), Walgreens Boots Alliance (WBA), Workhorse Group (WKHS), Yield10 Bioscience (YTEN) and Zynga (ZNGA).

Who are HyreCar's key executives?

HyreCar's management team includes the folowing people:
  • Mr. Joseph Furnari, CEO & Director (Age 38)
  • Mr. Michael Furnari, Chief Bus. Devel. Officer & Director of Sales (Age 34)
  • Mr. Robert Scott Brogi, Chief Financial Officer (Age 54)
  • Mr. Henry Park, Chief Operating Officer (Age 48)
  • Ken Grimes, VP of Engineering

When did HyreCar IPO?

(HYRE) raised $12 million in an IPO on Wednesday, June 27th 2018. The company issued 2,500,000 shares at a price of $5.00 per share. Network 1 Financial Securities served as the underwriter for the IPO.

How do I buy shares of HyreCar?

Shares of HYRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is HyreCar's stock price today?

One share of HYRE stock can currently be purchased for approximately $3.05.

How big of a company is HyreCar?

HyreCar has a market capitalization of $49.99 million and generates $9.78 million in revenue each year. The company earns $-11,240,000.00 in net income (profit) each year or ($1.31) on an earnings per share basis. HyreCar employs 87 workers across the globe.View Additional Information About HyreCar.

What is HyreCar's official website?

The official website for HyreCar is http://www.hyrecar.com/.

How can I contact HyreCar?

HyreCar's mailing address is 355 SOUTH GRAND AVENUE SUITE 1650, LOS ANGELES CA, 90071. The company can be reached via phone at 888-688-6769.


MarketBeat Community Rating for HyreCar (NASDAQ HYRE)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  143 (Vote Outperform)
Underperform Votes:  166 (Vote Underperform)
Total Votes:  309
MarketBeat's community ratings are surveys of what our community members think about HyreCar and other stocks. Vote "Outperform" if you believe HYRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HYRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/25/2020 by MarketBeat.com Staff

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