NASDAQ:HYRE - HyreCar Stock Price, Forecast & News

$2.51

+0.29 (+13.06 %)

(As of 12/9/2019 04:00 PM ET)

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Today's Range

$2.20

Now: $2.51▼

$2.57

50-Day Range

$2.08

MA: $2.40▼

$2.76

52-Week Range

$1.62

Now: $2.51▼

$8.03

Volume185,764 shs

Average Volume206,352 shs

Market Capitalization$41.14 million

P/E RatioN/A

Dividend YieldN/A

Beta1.66

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

Stock Exchange NASDAQ

Industry Automotive rental & leasing, without drivers

Sub-IndustryN/A

SectorTransportation

Current SymbolNASDAQ:HYRE

Previous Symbol

CUSIPN/A

CIKN/A

Webhttp://www.hyrecar.com/

Phone888-688-6769

Debt

Debt-to-Equity RatioN/A

Current Ratio6.03

Quick Ratio6.03

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$9.78 million

Price / Sales4.21

Cash FlowN/A

Price / Cash FlowN/A

Book Value$0.46 per share

Price / Book5.46

Profitability

EPS (Most Recent Fiscal Year)($1.31)

Net Income$-11,240,000.00

Net Margins-70.49%

Return on Equity-101.83%

Return on Assets-76.08%

Miscellaneous

Employees87

Outstanding Shares16,390,000

Market Cap$41.14 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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by $0.09. The business had revenue of $3.71 million for the quarter, compared to analysts' expectations of $3.91 million. HyreCar had a negative return on equity of 101.83% and a negative net margin of 70.49%. 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 price target have analysts set for HYRE?

4 analysts have issued 12 month price targets for HyreCar's stock. Their forecasts range from $6.50 to $8.25. On average, they expect HyreCar's share price to reach $7.19 in the next twelve months. This suggests a possible upside of 186.4% 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. " (11/7/2019)
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)
3. Northland Securities analysts commented, "We come away from the call with a better understanding of the dealer side of HYRE’s business, market trends and the value-add for a dealer to be on the HyreCar platform. Brian Allan has 39 years of dealer experience and a lot of insight into dealers businesses and his slides were very helpful in understanding the trends affecting dealers. Key Points HYRE is basically bringing technology enablement to dealers so they can participate in this ride sharing marketplace and sell and service more cars and customers. Remember a dealer can sign up for HyreCar for free and start generating revenue right away. As Brian noted the dealer already has the inventory, parts and service, and people." (5/21/2019)

Has HyreCar been receiving favorable news coverage?

Headlines about HYRE stock have trended somewhat negative on Monday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. HyreCar earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for HyreCar.

Are investors shorting HyreCar?

HyreCar saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,790,000 shares, an increase of 7.8% from the October 31st total of 1,660,000 shares. Based on an average trading volume of 242,000 shares, the days-to-cover ratio is presently 7.4 days. Currently, 14.3% of the shares of the company are sold short. 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), Hertz Global (HTZ), Avis Budget Group (CAR) 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 CorMedix (CRMD), Antares Pharma (ATRS), Digital Turbine (APPS), Atossa Genetics (ATOS), Baidu (BIDU), DURECT (DRRX), Micron Technology (MU), NVIDIA (NVDA), Workhorse Group (WKHS) and Yield10 Bioscience (YTEN).

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

Who are HyreCar's major shareholders?

HyreCar's stock is owned by a number of of institutional and retail investors. Top institutional investors include Emerald Mutual Fund Advisers Trust (1.15%) and Sage Rhino Capital LLC (0.35%). Company insiders that own HyreCar stock include Anshu Bansal, Joseph Furnari, Michael Furnari and Robert Scott Brogi. View Institutional Ownership Trends for HyreCar.

Which major investors are buying HyreCar stock?

HYRE stock was purchased by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust and Sage Rhino Capital LLC. Company insiders that have bought HyreCar stock in the last two years include Joseph Furnari, Michael Furnari and Robert Scott Brogi. View Insider Buying and Selling for HyreCar.

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 $2.51.

How big of a company is HyreCar?

HyreCar has a market capitalization of $41.14 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 ( )
Outperform Votes:		138 (Vote Outperform)
Underperform Votes:		157 (Vote Underperform)
Total Votes:		295

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 12/9/2019 by MarketBeat.com Staff