NASDAQ:HYRE HyreCar - HYRE Stock Forecast, Price & News Adding Choose a watchlist: 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. $0.46 0.00 (0.00%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$0.46▼$0.4650-Day Range$0.17▼$0.6252-Week Range$0.13▼$3.57Volume4.41 million shsAverage Volume459,764 shsMarket Capitalization$13.99 millionP/E RatioN/ADividend YieldN/APrice Target$5.67 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media HyreCar MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside3,334.3% Upside$5.67 Price TargetShort InterestBearish5.75% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.83) to ($0.29) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.90 out of 5 starsTransportation Sector93rd out of 121 stocksAutomotive Rental & Leasing, Without Drivers Industry5th out of 7 stocks 3.5 Analyst's Opinion Consensus RatingHyreCar has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.67, HyreCar has a forecasted upside of 3,334.3% from its current price of $0.17.Amount of Analyst CoverageHyreCar has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.75% of the outstanding shares of HyreCar have been sold short.Short Interest Ratio / Days to CoverHyreCar has a short interest ratio ("days to cover") of 7.6.Change versus previous monthShort interest in HyreCar has recently increased by 43.44%, indicating that investor sentiment is decreasing significantly. 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 N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for HYRE. Previous Next 0.6 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for HyreCar this week, compared to 2 articles on an average week.Search Interest5 people have searched for HYRE on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added HyreCar to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, HyreCar insiders have not sold or bought any company stock.Percentage Held by Insiders14.71% of the stock of HyreCar is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions62.86% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for HyreCar are expected to grow in the coming year, from ($0.83) to ($0.29) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of HyreCar is -0.20, 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 -0.20, 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 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About HyreCar (NASDAQ:HYRE) StockHyreCar, Inc. engages in the operation of a peer-to-peer car-sharing marketplace. Its services allow car owners to rent their idle cars to ridesharing service drivers. The company was founded by Anshu Bansal and Abhishek Arora in September 2014 and is headquartered in Los Angeles, CA.Read More Receive HYRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for HyreCar and its competitors with MarketBeat's FREE daily newsletter. Email Address HYRE Stock News HeadlinesJanuary 28, 2023 | americanbankingnews.comCritical Survey: Getaround (NYSE:GETR) versus HyreCar (NASDAQ:HYRE)January 24, 2023 | finance.yahoo.comHyreCar Launches HyreCar Select Program to Increase Volume and Diversity of Car SupplyFebruary 3, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 6, 2023 | finance.yahoo.comHyreCar Announces $12.25 Million in Financing to Further Accelerate Growth and Terminates “At-the-Market” OfferingJanuary 2, 2023 | marketwatch.comCar Rental Platform Market (New Report) 2023 Is Flourishing Around the World by 2029 | 102 Pages ReportDecember 12, 2022 | finance.yahoo.comHyreCar Focused on Sustainable Topline Growth and Profitability as In-fleeted and Net New Vehicle Counts IncreaseNovember 16, 2022 | finance.yahoo.comHyreCar Third Quarter 2022 Earnings: Misses ExpectationsNovember 15, 2022 | finance.yahoo.comHyreCar Announces Financial Results and Highlights for the Third Quarter 2022February 3, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...November 7, 2022 | finance.yahoo.comHyreCar to Report Third Quarter 2022 Financial Results and Provide Corporate UpdateOctober 18, 2022 | benzinga.comHyreCar, Inc. Announces Participation in LD Micro Main Event XV Conference - HyreCar (NASDAQ:HYRE) - BenzingaOctober 18, 2022 | finance.yahoo.comHyreCar, Inc. Announces Participation in LD Micro Main Event XV ConferenceOctober 12, 2022 | time.comDoing Laundry... As a Side Hustle? - NextAdvisorOctober 5, 2022 | seekingalpha.comHyrecar (HYRE): Great Potential But Not For The Faint Of Heart - Seeking AlphaOctober 4, 2022 | seekingalpha.comHyreCar rallies after announcing fleet order - Seeking AlphaOctober 4, 2022 | globenewswire.comHyreCar's Fleet Partner AmeriDrive Initiates First New Car Purchases - GlobeNewswireOctober 4, 2022 | finance.yahoo.comHyreCar's Fleet Partner AmeriDrive Initiates First New Car PurchasesOctober 3, 2022 | cnet.comYes, You Can Make Money From That Car Sitting in Your Garage. Here's How - CNETSeptember 28, 2022 | cnet.comHow to Make Money From That Car Sitting in Your Garage - CNETSeptember 28, 2022 | seekingalpha.comHyreCar: Reinvigorating Growth But Caution Remains WarrantedSeptember 27, 2022 | streetinsider.comForm S-1/A HyreCar Inc. - StreetInsider.comSeptember 21, 2022 | finance.yahoo.comHyreCar Appoints Eduardo Iniguez as Interim CFO and Rob MacKethan as Head of Risk & Insurance - Yahoo FinanceSeptember 20, 2022 | marketwatch.comUber Technologies Inc. stock remains steady Tuesday, still outperforms market - MarketWatchSeptember 20, 2022 | finance.yahoo.comAmeriDrive Partners with HyreCar on $100M Revolving Line of Credit Joint Venture to Grow its Fleet and Geographic Footprint - Yahoo FinanceSeptember 20, 2022 | globenewswire.comAmeriDrive Partners with HyreCar on $100M Revolving Line of Credit Joint Venture to Grow its Fleet and Geographic Footprint - GlobeNewswireSeptember 20, 2022 | finance.yahoo.comAmeriDrive Partners with HyreCar on $100M Revolving Line of Credit Joint Venture to Grow its Fleet and Geographic FootprintSeptember 19, 2022 | globenewswire.comHyreCar Appoints Eduardo Iniguez as Interim CFO and Rob MacKethan as Head of Risk & Insurance - GlobeNewswireSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive HYRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for HyreCar and its competitors with MarketBeat's FREE daily newsletter. Email Address HYRE Company Calendar Last Earnings11/14/2022Today2/03/2023Next Earnings (Estimated)3/21/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Automotive rental & leasing, without drivers Sub-IndustryN/A SectorTransportation Current SymbolNASDAQ:HYRE CUSIPN/A CIK1713832 Webwww.hyrecar.com Phone(888) 688-6769FaxN/AEmployees76Year FoundedN/APrice Target and Rating Average Stock Price Forecast$5.67 High Stock Price Forecast$7.00 Low Stock Price Forecast$4.00 Forecasted Upside/Downside+1,131.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($0.81) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-25,950,000.00 Net Margins-46.03% Pretax Margin-46.02% Return on Equity-1,016.64% Return on Assets-128.82% Debt Debt-to-Equity RatioN/A Current Ratio0.92 Quick Ratio0.92 Sales & Book Value Annual Sales$35.72 million Price / Sales0.39 Cash FlowN/A Price / Cash FlowN/A Book Value$0.26 per share Price / Book1.77Miscellaneous Outstanding Shares30,410,000Free Float25,940,000Market Cap$13.99 million OptionableNot Optionable Beta2.24 Key ExecutivesEduardo Iniguez VazquezChief Executive Officer & Financial OfficerBrian AllanPresidentGreg TatemChief Technology OfficerMegan BehrensSenior Vice President-Product & OperationsA. J. LeeSenior Vice President-GrowthKey CompetitorsGlobus MaritimeNASDAQ:GLBSPerformance ShippingNASDAQ:PSHGAirNet TechnologyNASDAQ:ANTEUnited MaritimeNASDAQ:USEATop ShipsNASDAQ:TOPSView All CompetitorsInsiders & InstitutionsSimplex Trading LLCBought 2,700 shares on 2/2/2023Ownership: 0.000%Sage Rhino Capital LLCSold 174,757 shares on 2/1/2023Ownership: 0.621%Vanguard Group Inc.Sold 83,850 shares on 11/15/2022Ownership: 3.320%State Street CorpBought 217,142 shares on 11/15/2022Ownership: 1.279%Citadel Advisors LLCBought 600 shares on 11/15/2022Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions HYRE Stock - Frequently Asked Questions Should I buy or sell HyreCar stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for HyreCar in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HYRE shares. View HYRE analyst ratings or view top-rated stocks. What is HyreCar's stock price forecast for 2023? 1 brokers have issued 1 year target prices for HyreCar's shares. Their HYRE share price forecasts range from $4.00 to $7.00. On average, they anticipate the company's share price to reach $5.67 in the next twelve months. This suggests a possible upside of 3,334.3% from the stock's current price. View analysts price targets for HYRE or view top-rated stocks among Wall Street analysts. How have HYRE shares performed in 2023? HyreCar's stock was trading at $0.4240 at the beginning of 2023. Since then, HYRE shares have decreased by 61.1% and is now trading at $0.1650. View the best growth stocks for 2023 here. When is HyreCar's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 21st 2023. View our HYRE earnings forecast. How were HyreCar's earnings last quarter? HyreCar Inc. (NASDAQ:HYRE) posted its earnings results on Monday, November, 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by $0.01. The business had revenue of $10.27 million for the quarter, compared to analysts' expectations of $10.52 million. HyreCar had a negative net margin of 46.03% and a negative trailing twelve-month return on equity of 1,016.64%. What other stocks do shareholders of HyreCar own? Based on aggregate information from My MarketBeat watchlists, some companies that other HyreCar investors own include Ampio Pharmaceuticals (AMPE), Arbutus Biopharma (ABUS), TherapeuticsMD (TXMD), VBI Vaccines (VBIV), Interpace Biosciences (IDXG), OPKO Health (OPK), Sorrento Therapeutics (SRNE), T2 Biosystems (TTOO) and Advanced Micro Devices (AMD). When did HyreCar IPO? (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 acted as the underwriter for the IPO. What is HyreCar's stock symbol? HyreCar trades on the NASDAQ under the ticker symbol "HYRE." Who are HyreCar's major shareholders? HyreCar's stock is owned by many different retail and institutional investors. Top institutional shareholders include Sage Rhino Capital LLC (0.62%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Arctis Global Llc, Bock Serge De, Brian Allan, Grace Mellis, Henry Park, Jayaprakash Vijayan, Joseph Furnari, Michael Furnari and Robert Scott Brogi. View institutional ownership trends. How do I buy shares of HyreCar? Shares of HYRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is HyreCar's stock price today? One share of HYRE stock can currently be purchased for approximately $0.17. How much money does HyreCar make? HyreCar (NASDAQ:HYRE) has a market capitalization of $5.02 million and generates $35.72 million in revenue each year. The company earns $-25,950,000.00 in net income (profit) each year or ($0.81) on an earnings per share basis. How can I contact HyreCar? HyreCar's mailing address is 355 SOUTH GRAND AVENUE SUITE 1650, LOS ANGELES CA, 90071. The official website for the company is www.hyrecar.com. The company can be reached via phone at (888) 688-6769 or via email at j.evans@hyrecar.com. This page (NASDAQ:HYRE) was last updated on 2/3/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free 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. 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