NASDAQ:HYRE - HyreCar Stock Price, News, & Analysis

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$4.38 +0.38 (+9.50 %)
(As of 02/21/2019 04:00 PM ET)
Previous Close$4.00
Today's Range$4.05 - $4.4995
52-Week Range$1.54 - $6.50
Volume905,908 shs
Average Volume490,881 shs
Market Capitalization$51.29 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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 DriveItAway and the 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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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$3.22 million

Profitability

Miscellaneous

Employees26
Market Cap$51.29 million
Next Earnings Date2/21/2019 (Estimated)
OptionableNot Optionable

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) 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. View HyreCar's Earnings History.

When is HyreCar's next earnings date?

HyreCar is scheduled to release their next quarterly earnings announcement on Thursday, February 21st 2019. View Earnings Estimates for HyreCar.

What price target have analysts set for HYRE?

2 analysts have issued 12-month target prices for HyreCar's shares. Their predictions range from $4.00 to $4.00. On average, they expect HyreCar's stock price to reach $4.00 in the next twelve months. This suggests that the stock has a possible downside of 8.7%. View Analyst Price Targets for HyreCar.

What is the consensus analysts' recommendation for HyreCar?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HyreCar in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for HyreCar.

Has HyreCar been receiving favorable news coverage?

News articles about HYRE stock have been trending positive recently, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. HyreCar earned a media sentiment score of 2.3 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days.

Are investors shorting HyreCar?

HyreCar saw a increase in short interest in January. As of January 31st, there was short interest totalling 731,019 shares, an increase of 45.7% from the January 15th total of 501,627 shares. Based on an average daily trading volume, of 424,961 shares, the short-interest ratio is currently 1.7 days. Currently, 9.4% of the shares of the company 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 CorMedix (CRMD), Vuzix (VUZI), Venator Materials (VNTR), Selecta Biosciences (SELB), Workhorse Group (WKHS), Micron Technology (MU), Antares Pharma (ATRS), Verastem (VSTM), Auris Medical (EARS) and Biocept (BIOC).

Who are HyreCar's key executives?

HyreCar's management team includes the folowing people:
  • Mr. Joseph Furnari, CEO & Director (Age 38)
  • Mr. Abhishek Arora, Co-Founder, CTO, Sec. & Director (Age 36)
  • Mr. Michael Furnari, Chief Bus. Devel. Officer & Director of Sales (Age 34)
  • Mr. Robert Scott Brogi, Chief Financial Officer
  • Mr. Henry Park, Chief Operating Officer

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.

When did the company's lock-up period expire?

HyreCar's lock-up period expired on Monday, December 24th. HyreCar had issued 2,520,000 shares in its public offering on June 27th. The total size of the offering was $12,600,000 based on an initial share price of $5.00. Shares of the company owned by company insiders and major shareholders are now eligible to be traded as a result of the expiration of the lock-up period.

Who are HyreCar's major shareholders?

HyreCar's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Jane Street Group LLC (0.92%). Company insiders that own HyreCar stock include Anshu Bansal, Joseph Furnari and Michael Furnari. 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 Jane Street Group LLC. Company insiders that have bought HyreCar stock in the last two years include Joseph Furnari and Michael Furnari. 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, Scottrade, Fidelity and Charles Schwab.

What is HyreCar's stock price today?

One share of HYRE stock can currently be purchased for approximately $4.38.

How big of a company is HyreCar?

HyreCar has a market capitalization of $51.29 million and generates $3.22 million in revenue each year. HyreCar employs 26 workers across the globe.

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:  2.2 out of 5 (star star)
Outperform Votes:  58 (Vote Outperform)
Underperform Votes:  74 (Vote Underperform)
Total Votes:  132
MarketBeat'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 2/21/2019 by MarketBeat.com Staff

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