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The Five Hottest Calls From The Q2 Earnings Season 
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Biden's Plan to Confiscate Your Cash? (Ad)
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
New climate deal spurs hopes of more carbon storage projects
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Biden's Plan to Confiscate Your Cash? (Ad)
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
New climate deal spurs hopes of more carbon storage projects
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Biden's Plan to Confiscate Your Cash? (Ad)
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
New climate deal spurs hopes of more carbon storage projects
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
Biden's Plan to Confiscate Your Cash? (Ad)
Myanmar executions revive pressure for more sanctions
Stocks higher on Wall Street; economic worries hit oil price
New climate deal spurs hopes of more carbon storage projects
Biden's Plan to Confiscate Your Cash? (Ad)

HyreCar - HYRE Stock Forecast, Price & News

$1.27
+0.24 (+23.30%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$1.03
$1.50
50-Day Range
$0.61
$1.27
52-Week Range
$0.56
$12.63
Volume
1.66 million shs
Average Volume
253,063 shs
Market Capitalization
$27.69 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.88

HyreCar MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
441.3% Upside
$6.88 Price Target
Short Interest
Healthy
9.89% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.95mentions of HyreCar in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Transportation Sector

63rd out of 128 stocks

Automotive Rental & Leasing, Without Drivers Industry

3rd out of 6 stocks

HYRE stock logo

About HyreCar (NASDAQ:HYRE) Stock

HyreCar Inc., together with subsidiaries, operates a web-based car-sharing marketplace in the United States. Its marketplace allows car and fleet owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. HyreCar Inc. was incorporated in 2014 and is headquartered in Los Angeles, California.

Analysts Set New Price Targets

Separately, Maxim Group decreased their price target on shares of HyreCar from $8.00 to $4.00 in a research report on Wednesday, May 18th.

HyreCar Stock Performance

HYRE Stock opened at $1.03 on Monday. The firm has a market cap of $22.46 million, a price-to-earnings ratio of -0.92 and a beta of 2.84. The firm has a 50-day simple moving average of $0.78 and a two-hundred day simple moving average of $1.66. HyreCar has a one year low of $0.56 and a one year high of $12.63.

HyreCar (NASDAQ:HYRE - Get Rating) last posted its quarterly earnings data on Monday, May 16th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.07. HyreCar had a negative net margin of 63.66% and a negative return on equity of 350.80%. The firm had revenue of $9.55 million for the quarter, compared to the consensus estimate of $9.54 million.

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HYRE Stock News Headlines

Earnings Outlook For HyreCar - Benzinga
HyreCar Q1 2022 Earnings Preview - Seeking Alpha
See More Headlines
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HYRE Company Calendar

Last Earnings
11/09/2021
Today
8/15/2022
Next Earnings (Confirmed)
8/15/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Automotive rental & leasing, without drivers
Sub-Industry
N/A
Current Symbol
NASDAQ:HYRE
Fax
N/A
Employees
76
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$6.88
High Stock Price Forecast
$10.50
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+441.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-25,950,000.00
Pretax Margin
-63.65%

Debt

Sales & Book Value

Annual Sales
$35.72 million
Book Value
$0.26 per share

Miscellaneous

Free Float
18,594,000
Market Cap
$27.69 million
Optionable
Not Optionable
Beta
2.84














HYRE Stock - Frequently Asked Questions

Should I buy or sell HyreCar stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HyreCar in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HYRE shares.
View HYRE analyst ratings
or view top-rated stocks.

What is HyreCar's stock price forecast for 2022?

2 Wall Street analysts have issued twelve-month target prices for HyreCar's shares. Their HYRE share price forecasts range from $4.00 to $10.50. On average, they predict the company's stock price to reach $6.88 in the next twelve months. This suggests a possible upside of 441.3% from the stock's current price.
View analysts price targets for HYRE
or view top-rated stocks among Wall Street analysts.

How have HYRE shares performed in 2022?

HyreCar's stock was trading at $4.71 at the beginning of the year. Since then, HYRE stock has decreased by 73.0% and is now trading at $1.27.
View the best growth stocks for 2022 here
.

When is HyreCar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022.
View our HYRE earnings forecast
.

How were HyreCar's earnings last quarter?

HyreCar Inc. (NASDAQ:HYRE) issued its earnings results on Tuesday, November, 9th. The company reported ($0.29) earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.05. The firm had revenue of $9.65 million for the quarter, compared to analyst estimates of $9.70 million. HyreCar had a negative trailing twelve-month return on equity of 350.80% and a negative net margin of 63.66%. During the same period in the prior year, the business posted ($0.10) earnings per share.

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

HyreCar updated its second quarter 2022 earnings guidance on Tuesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $10.40 million-$10.60 million, compared to the consensus revenue estimate of $10.44 million.

What other stocks do shareholders of HyreCar own?
When did HyreCar IPO?

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

What is HyreCar's stock symbol?

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

Who are HyreCar's major shareholders?

HyreCar's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Millennium Management LLC (3.50%), Sage Rhino Capital LLC (1.63%), Renaissance Technologies LLC (1.58%), P.A.W. Capital Corp (0.55%), Group One Trading L.P. (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Brian Allan, Grace Mellis, Henry Park, Jayaprakash Vijayan, Joseph Furnari, Michael Furnari and Robert Scott Brogi.
View institutional ownership trends
.

How do I buy shares of HyreCar?

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

What is HyreCar's stock price today?

One share of HYRE stock can currently be purchased for approximately $1.27.

How much money does HyreCar make?

HyreCar (NASDAQ:HYRE) has a market capitalization of $27.69 million and generates $35.72 million in revenue each year. The company earns $-25,950,000.00 in net income (profit) each year or ($1.12) on an earnings per share basis.

How can I contact HyreCar?

HyreCar's mailing address is 355 SOUTH GRAND AVENUE SUITE 1650, LOS ANGELES CA, 90071. The official website for the company is www.hyrecar.com. The company can be reached via phone at (888) 688-6769 or via email at j.evans@hyrecar.com.

This page (NASDAQ:HYRE) was last updated on 8/16/2022 by MarketBeat.com Staff

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