NASDAQ:HYREHyreCar Stock Price, Forecast & News

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. Since then, HYRE stock has increased by 1.4% and is now trading at $2.19. View which stocks have been most impacted by Coronavirus.

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.

HyreCar is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020. View our earnings forecast for HyreCar.

HyreCar Inc (NASDAQ:HYRE) issued its quarterly earnings results on Thursday, May, 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.25). The company 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.

HyreCar issued an update on its first quarter 2020 Pre-Market earnings guidance on Monday, April, 6th. The company provided EPS 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.

4 analysts have issued twelve-month price targets for HyreCar's stock. Their forecasts range from $5.00 to $7.00. On average, they expect HyreCar's share price to reach $5.94 in the next twelve months. This suggests a possible upside of 171.1% from the stock's current price. View analysts' price targets for HyreCar.

News headlines about HYRE stock have trended somewhat positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by reviewing 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 five, with scores nearest to five being the most favorable. HyreCar earned a news impact score of 1.0 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 effect on the company's share price in the next few days. View the latest news aboutHyreCar.

HyreCar saw a decline in short interest in May. As of May 15th, there was short interest totaling 1,070,000 shares, a decline of 10.1% from the April 30th total of 1,190,000 shares. Based on an average daily trading volume, of 229,200 shares, the days-to-cover ratio is currently 4.7 days. Currently, 7.9% of the shares of the company are sold short. View HyreCar's Current Options Chain.

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.

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).

(HYRE) raised $12 million in an 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.

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

HyreCar's stock is owned by many different retail and institutional investors. Top institutional shareholders include Portolan Capital Management LLC (3.37%), Invenomic Capital Management LP (1.19%), Sage Rhino Capital LLC (1.08%) and Millrace Asset Group Inc. (1.01%). Company insiders that own HyreCar stock include Anshu Bansal, Joseph Furnari, Michael Furnari and Robert Scott Brogi. View institutional ownership trends for HyreCar.

HYRE stock was sold by a variety of institutional investors in the last quarter, including Portolan Capital Management LLC, and Invenomic Capital Management LP. View insider buying and selling activity for HyreCar.

HYRE stock was purchased by a variety of institutional investors in the last quarter, including Millrace Asset Group Inc., 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 activity for 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.

One share of HYRE stock can currently be purchased for approximately $2.19.

HyreCar has a market capitalization of $38.43 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.

The official website for HyreCar is www.hyrecar.com.

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]