NASDAQ:HYRE - HyreCar 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 $3.95 +0.12 (+3.13 %) (As of 02/20/2020 04:00 PM ET) Add Compare Today's Range$3.71Now: $3.95▼$4.0850-Day Range$2.63MA: $3.11▼$3.8552-Week Range$1.92Now: $3.95▼$8.03Volume277,946 shsAverage Volume145,358 shsMarket Capitalization$64.74 millionP/E RatioN/ADividend YieldN/ABeta1.6 ProfileAnalyst RatingsAdvanced ChartEarningsInsider TradesInstitutional OwnershipHeadlinesSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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/ Phone888-688-6769Debt Debt-to-Equity RatioN/A Current Ratio6.03 Quick Ratio6.03Price-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 / Sales6.62 Cash FlowN/A Price / Cash FlowN/A Book Value$0.46 per share Price / Book8.59Profitability 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 Shares16,390,000Market Cap$64.74 million Next Earnings Date3/26/2020 (Estimated) OptionableNot Optionable 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. NASDAQ:HYRE Rates by TradingView 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) announced its earnings results on Monday, August, 13th. The company reported ($0.92) earnings per share for the quarter. The company had revenue of $2.27 million for the quarter. 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 guidance has HyreCar issued on next quarter's earnings? HyreCar updated its fourth quarter 2019 Pre-Market earnings guidance on Monday, January, 13th. The company provided earnings per share (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. What price target have analysts set for HYRE? 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 year. This suggests a possible upside of 82.0% 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. " (1/8/2020) 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 coverage about HYRE stock has been trending extremely negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. HyreCar earned a news impact score of -4.3 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 impact on the stock's share price in the next several days. View News Stories for HyreCar. Are investors shorting HyreCar? HyreCar saw a drop in short interest in the month of January. As of January 15th, there was short interest totalling 1,590,000 shares, a drop of 8.1% from the December 31st total of 1,730,000 shares. Based on an average daily volume of 184,100 shares, the days-to-cover ratio is currently 8.6 days. Approximately 12.7% of the company's stock 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), Avis Budget Group (CAR), Hertz Global (HTZ), Ryder System (R) 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), 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). 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 acted as the underwriter for the IPO. Who are HyreCar's major shareholders? HyreCar's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include 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. Which major investors are buying HyreCar stock? HYRE stock was purchased by a variety of institutional investors in the last quarter, including 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. 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 $3.95. How big of a company is HyreCar? HyreCar has a market capitalization of $64.74 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: 144 (Vote Outperform)Underperform Votes: 169 (Vote Underperform)Total Votes: 313MarketBeat'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 2/20/2020 by MarketBeat.com StaffFeatured Article: What is the price-to-earnings growth (PEG) ratio?
