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 (WHO). Since then, HYRE shares have increased by 28.7% and is now trading at $2.78. 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 1 hold rating and 3 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) issued its quarterly earnings results on Thursday, May, 14th. The company reported ($0.25) EPS for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.25). The firm had revenue of $5.78 million for the quarter, compared to the consensus estimate of $5.55 million. HyreCar had a negative net margin of 80.33% and a negative return on equity of 175.96%. View HyreCar's earnings history.

4 equities research analysts have issued twelve-month price objectives for HyreCar's shares. Their forecasts range from $5.00 to $7.00. On average, they expect HyreCar's stock price to reach $5.94 in the next twelve months. This suggests a possible upside of 113.6% from the stock's current price. View analysts' price targets for HyreCar.

Media stories about HYRE stock have trended positive this week, according to InfoTrie. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. HyreCar earned a media sentiment score of 2.1 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news about HyreCar.

HyreCar saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 751,100 shares, a decrease of 16.8% from the June 15th total of 903,000 shares. Based on an average daily trading volume, of 263,800 shares, the short-interest ratio is currently 2.8 days. Currently, 5.5% of the company's shares are short sold. 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 IPO 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 variety of retail and institutional investors. Top institutional shareholders include Cordasco Financial Network (0.11%). 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 acquired by a variety of institutional investors in the last quarter, including Cordasco Financial Network. 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 $2.78.

HyreCar has a market capitalization of $48.79 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]