NASDAQ:HYREHyreCar Stock Price, Forecast & News

HyreCar's stock was trading at $2.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, HYRE shares have increased by 0.5% and is now trading at $2.17. 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 4 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) released its quarterly earnings results on Thursday, May, 14th. The company reported ($0.25) earnings per share for the quarter, meeting the consensus estimate of ($0.25). The company earned $5.78 million during the quarter, compared to analysts' expectations of $5.55 million. HyreCar had a negative return on equity of 175.96% and a negative net margin of 80.33%. View HyreCar's earnings history.

HyreCar updated 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 brokerages have issued 12-month price objectives for HyreCar's stock. 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 231.2% from the stock's current price. View analysts' price targets for HyreCar.

Media coverage about HYRE stock has trended negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative 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 -5 to 5, with scores nearest to five being the most favorable. HyreCar earned a daily sentiment score of -2.6 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutHyreCar.

HyreCar saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,070,000 shares, a drop of 10.1% from the April 30th total of 1,190,000 shares. Based on an average trading volume of 229,200 shares, the days-to-cover ratio is presently 4.7 days. Approximately 7.9% 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), 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 initial public offering on Wednesday, June 27th 2018. The company issued 2,500,000 shares at a price of $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 a number of institutional and retail investors. Top institutional investors 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 bought 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 $2.17.

HyreCar has a market capitalization of $38.08 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]