NASDAQ:HYRE - HyreCar Stock Price, Forecast & News

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

HyreCar Inc (NASDAQ:HYRE) released its quarterly earnings data on Monday, August, 13th. The company reported ($0.92) EPS for the quarter. The company earned $2.27 million during the quarter. HyreCar had a negative net margin of 70.49% and a negative return on equity of 101.83%. View HyreCar's Earnings History.

HyreCar is scheduled to release their next quarterly earnings announcement on Thursday, March 26th 2020. View Earnings Estimates for HyreCar.

HyreCar updated its fourth quarter 2019 Pre-Market earnings guidance on Monday, January, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $4.6-4.8 million, compared to the consensus revenue estimate of $4.56 million.

4 equities research analysts have issued 12-month price targets for HyreCar's shares. Their forecasts range from $6.50 to $8.25. On average, they anticipate HyreCar's share price to reach $7.19 in the next twelve months. This suggests a possible upside of 77.5% from the stock's current price. View Analyst Price Targets 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.

Media coverage about HYRE stock has trended positive recently, InfoTrie reports. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog 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 daily sentiment score of 2.1 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for HyreCar.

HyreCar saw a decrease in short interest in January. As of January 15th, there was short interest totalling 1,590,000 shares, a decrease of 8.1% from the December 31st total of 1,730,000 shares. Based on an average trading volume of 184,100 shares, the days-to-cover ratio is currently 8.6 days. Currently, 12.7% of the shares of the stock are sold short. View HyreCar's Current Options Chain.

Some companies that are related to HyreCar include AMERCO (UHAL), Avis Budget Group (CAR), Hertz Global (HTZ), Ryder System (R) and SP Plus (SP).

Based on aggregate information from My MarketBeat watchlists, some companies that other HyreCar investors own include Antares Pharma (ATRS), Digital Turbine (APPS), CorMedix (CRMD), DURECT (DRRX), Zynga (ZNGA), Atossa Genetics (ATOS), Enphase Energy (ENPH), Evofem Biosciences (EVFM), Gilead Sciences (GILD) and Interpace Diagnostics Group (IDXG).

(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 acted as the underwriter for the IPO.

HyreCar's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Lynrock Lake LP (8.72%), Sage Rhino Capital LLC (0.75%) and Bank of New York Mellon Corp (0.38%). 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 bought by a variety of institutional investors in the last quarter, including Lynrock Lake LP, Sage Rhino Capital LLC and Bank of New York Mellon Corp. 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.

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 $4.05.

HyreCar has a market capitalization of $66.38 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.

The official website for HyreCar is http://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.