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NASDAQ:HYREHyreCar Stock Price, Forecast & News

$2.17
-0.03 (-1.36 %)
(As of 05/26/2020 04:00 PM ET)
Add
Compare
Today's Range
$2.11
Now: $2.17
$2.28
50-Day Range
$0.94
MA: $1.68
$2.30
52-Week Range
$0.88
Now: $2.17
$4.95
Volume41,500 shs
Average Volume189,772 shs
Market Capitalization$38.08 million
P/E RatioN/A
Dividend YieldN/A
Beta2.1
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.49 out of 5 stars


Industry, Sector and Symbol

Industry Automotive rental & leasing, without drivers
Sub-IndustryN/A
SectorTransportation
Current SymbolNASDAQ:HYRE
CUSIPN/A
CIKN/A
Phone888-688-6769

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$15.90 million
Book Value$0.42 per share

Profitability

Net Income$-12,520,000.00

Miscellaneous

Employees87
Market Cap$38.08 million
Next Earnings Date8/12/2020 (Estimated)
OptionableNot Optionable

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HyreCar (NASDAQ:HYRE) Frequently Asked Questions

How has HyreCar's stock been impacted by COVID-19 (Coronavirus)?

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.

Do Wall Street analysts recommend investors buy shares of 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.

When is HyreCar's next earnings date?

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

How were HyreCar's earnings last quarter?

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.

What guidance has HyreCar issued on next quarter's earnings?

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.

What price target have analysts set for HYRE?

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.

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. " (4/1/2020)
  • 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 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.

Are investors shorting HyreCar?

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.

Who are some of HyreCar's key competitors?

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), 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).

Who are HyreCar's key executives?

HyreCar's management team includes the following 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 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.

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 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.

Which major investors are selling HyreCar stock?

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.

Which major investors are buying HyreCar stock?

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.

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 $2.17.

How big of a company is HyreCar?

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.

What is HyreCar's official website?

The official website for HyreCar is 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 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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