NASDAQ:HYREHyreCar Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding HyreCar Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $2.94 -0.04 (-1.34 %) (As of 07/9/2020 04:00 PM ET) Add Compare Share Today's Range$2.90Now: $2.94▼$2.9950-Day Range$2.17MA: $2.65▼$3.1052-Week Range$0.88Now: $2.94▼$4.08Volume66,969 shsAverage Volume240,410 shsMarket Capitalization$51.60 millionP/E RatioN/ADividend YieldN/ABeta2.23 ProfileAnalyst RatingsAdvanced ChartCompetitorsEarningsInsider TradesInstitutional OwnershipHeadlinesSocial Media 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™ 3.4 Analyst's Opinion Consensus RatingHyreCar has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.94, HyreCar has a potential upside of 102.0% from its current price of $2.94.Amount of Analyst CoverageHyreCar has only been the subject of 4 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesHyreCar has received 153 “outperform” votes. (Add your “outperform” vote.)Underperform VotesHyreCar has received 177 “underperform” votes. (Add your “underperform” vote.)Community SentimentHyreCar has received 53.64% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldHyreCar does not currently pay a dividend.Dividend GrowthHyreCar does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, HyreCar insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 14.40% of the stock of HyreCar is held by insiders.Percentage Held by Institutions37.35% of the stock of HyreCar is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for HyreCar are expected to grow in the coming year, from ($0.84) to ($0.21) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of HyreCar is -3.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of HyreCar is -3.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioHyreCar has a P/B Ratio of 7.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.4Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.46 out of 5 stars 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 Webwww.hyrecar.com Phone888-688-6769Debt Debt-to-Equity RatioN/A Current Ratio1.56 Quick Ratio1.56Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$15.90 million Price / Sales3.25 Cash FlowN/A Price / Cash FlowN/A Book Value$0.42 per share Price / Book7.00Profitability EPS (Most Recent Fiscal Year)($0.89) Net Income$-12,520,000.00 Net Margins-80.33% Return on Equity-175.96% Return on Assets-112.54%Miscellaneous Employees87 Outstanding Shares17,550,000Market Cap$51.60 million Next Earnings Date8/12/2020 (Estimated) OptionableNot Optionable NASDAQ:HYRE Rates by TradingView Receive HYRE News and Ratings via Email Sign-up to receive the latest news and ratings for HYRE and its competitors with MarketBeat's FREE daily newsletter. 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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, HYRE stock has increased by 36.1% and is now trading at $2.94. View which stocks have been most 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 1 hold rating and 3 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 Wednesday, August 12th 2020. View our earnings forecast for HyreCar. How were HyreCar's earnings last quarter? HyreCar Inc (NASDAQ:HYRE) announced its quarterly earnings results on Thursday, May, 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.25). The firm had revenue of $5.78 million for the quarter, compared to analyst estimates of $5.55 million. HyreCar had a negative net margin of 80.33% and a negative return on equity of 175.96%. View HyreCar's earnings history. What price target have analysts set for HYRE? 4 analysts have issued twelve-month price objectives for HyreCar's shares. Their forecasts range from $5.00 to $7.00. On average, they anticipate HyreCar's share price to reach $5.94 in the next year. This suggests a possible upside of 102.0% 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. " (5/28/2020) 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? News coverage about HYRE stock has been trending negative recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 -2.3 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about HyreCar. Are investors shorting HyreCar? HyreCar saw a decrease in short interest in June. As of June 30th, there was short interest totaling 751,100 shares, a decrease of 16.8% from the June 15th total of 903,000 shares. Based on an average daily volume of 263,800 shares, the short-interest ratio is presently 2.8 days. Approximately 5.5% 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), Avis Budget Group (CAR), SP Plus (SP) and Hertz Global (HTZ). View all competitors. 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), Nokia Oyj (NOK), NVIDIA (NVDA), Zynga (ZNGA) and Aurora Cannabis (ACB). 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 (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. 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 $2.94. How big of a company is HyreCar? HyreCar has a market capitalization of $51.60 million and generates $15.90 million in revenue each year. The company earns $-12,520,000.00 in net income (profit) each year or ($0.89) on an earnings per share basis. HyreCar employs 87 workers across the globe. What is HyreCar's official website? The official website for HyreCar is 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 or via email at [email protected] This page was last updated on 7/10/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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