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NASDAQ:HYREHyreCar Stock Price, Forecast & News

$1.18
+0.06 (+5.36 %)
(As of 04/7/2020 04:00 PM ET)
Add
Compare
Today's Range
$1.15
Now: $1.18
$1.40
50-Day Range
$0.94
MA: $2.42
$4.05
52-Week Range
$0.88
Now: $1.18
$5.83
Volume9,416 shs
Average Volume335,160 shs
Market Capitalization$19.34 million
P/E RatioN/A
Dividend YieldN/A
Beta1.99
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.
Read More

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.16 out of 5 stars


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$15.90 million
Book Value$0.46 per share

Profitability

Net Income$-12,400,000.00

Miscellaneous

Employees87
Market Cap$19.34 million
Next Earnings Date5/14/2020 (Estimated)
OptionableNot Optionable

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HyreCar (NASDAQ:HYRE) Frequently Asked Questions

How has HyreCar's stock been impacted by COVID-19 (Coronavirus)?

HyreCar's stock was trading at $2.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, HYRE stock has decreased by 45.4% and is now trading at $1.18. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is HyreCar's next earnings date?

HyreCar is scheduled to release its next quarterly earnings announcement on Thursday, May 14th 2020. View our earnings forecast for HyreCar.

How were HyreCar's earnings last quarter?

HyreCar Inc (NASDAQ:HYRE) issued its quarterly earnings data on Wednesday, March, 25th. The company reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.19) by $0.12. The business had revenue of $4.90 million for the quarter, compared to the consensus estimate of $4.70 million. HyreCar had a negative net margin of 76.96% and a negative return on equity of 130.85%. View HyreCar's earnings history.

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

HyreCar issued an update on its first quarter 2020 Pre-Market earnings guidance on Monday, April, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $5.5-5.6 million, compared to the consensus revenue estimate of $5.46 million.

What price target have analysts set for HYRE?

4 analysts have issued 1-year target prices for HyreCar's shares. Their forecasts range from $6.50 to $8.25. On average, they anticipate HyreCar's stock price to reach $7.19 in the next twelve months. This suggests a possible upside of 509.1% from the stock's current price. View analysts' price targets 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. " (4/1/2020)
  • 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?

Media headlines about HYRE stock have trended very negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. HyreCar earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutHyreCar.

Are investors shorting HyreCar?

HyreCar saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,442,800 shares, an increase of 18.3% from the February 27th total of 1,220,000 shares. Based on an average daily trading volume, of 220,300 shares, the short-interest ratio is presently 6.5 days. Approximately 10.6% 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), Energy Transfer LP Unit (ET), Digital Turbine (APPS), CorMedix (CRMD), DURECT (DRRX), Gilead Sciences (GILD), Zynga (ZNGA), Atossa Genetics (ATOS), Enphase Energy (ENPH) and Evofem Biosciences (EVFM).

Who are HyreCar's key executives?

HyreCar's management team includes the following 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 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."

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 $1.18.

How big of a company is HyreCar?

HyreCar has a market capitalization of $19.34 million and generates $15.90 million in revenue each year. The company earns $-12,400,000.00 in net income (profit) each year or ($0.89) 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.

This page was last updated on 4/7/2020 by MarketBeat.com Staff

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