NASDAQ:HYRE

HyreCar - HYRE Stock Forecast, Price & News

$0.50

+0.00 (+0.02%)

(As of 01/31/2023 11:39 AM ET)

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Today's Range: $0.50
▼
$0.51
50-Day Range: $0.38
▼
$0.64
52-Week Range: $0.35
▼
$3.73

Volume: 14,719 shs
Average Volume: 274,941 shs
Market Capitalization: $15.21 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.67

Institutional Ownership

HyreCar MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 1,021.7% Upside
$5.67 Price Target
Short Interest: Bearish
5.75% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.94
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.83) to ($0.29) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

Transportation Sector

82nd out of 125 stocks

Automotive Rental & Leasing, Without Drivers Industry

5th out of 7 stocks

3.5

Analyst's Opinion

Consensus Rating
HyreCar 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/Downside
According to analysts' consensus price target of $5.67, HyreCar has a forecasted upside of 1,021.7% from its current price of $0.51.
Amount of Analyst Coverage
HyreCar has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.75% of the outstanding shares of HyreCar have been sold short.
Short Interest Ratio / Days to Cover
HyreCar has a short interest ratio ("days to cover") of 7.6.
Change versus previous month
Short interest in HyreCar has recently increased by 43.44%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
HyreCar does not currently pay a dividend.
Dividend Growth
HyreCar does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HYRE.

2.7

News and Social Media Coverage

News Sentiment
HyreCar has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for HyreCar this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for HYRE on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 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.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, HyreCar insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.09% of the stock of HyreCar is held by insiders.
Percentage Held by Institutions
62.86% of the stock of HyreCar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for HyreCar are expected to grow in the coming year, from ($0.83) to ($0.29) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of HyreCar is -0.62, 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. Sector
The P/E ratio of HyreCar is -0.62, 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 Ratio
HyreCar has a P/B Ratio of 1.94. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About HyreCar (NASDAQ:HYRE) Stock

HyreCar, 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.

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HYRE Stock News Headlines

January 28, 2023 | americanbankingnews.com

Critical Survey: Getaround (NYSE:GETR) versus HyreCar (NASDAQ:HYRE)

January 24, 2023 | finance.yahoo.com

HyreCar Launches HyreCar Select Program to Increase Volume and Diversity of Car Supply

January 31, 2023 | Porter & Company (Ad)

Is This The End of Capitalism?

EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…

January 6, 2023 | finance.yahoo.com

HyreCar Announces $12.25 Million in Financing to Further Accelerate Growth and Terminates “At-the-Market” Offering

January 2, 2023 | marketwatch.com

Car Rental Platform Market (New Report) 2023 Is Flourishing Around the World by 2029 | 102 Pages Report

December 12, 2022 | finance.yahoo.com

HyreCar Focused on Sustainable Topline Growth and Profitability as In-fleeted and Net New Vehicle Counts Increase

November 16, 2022 | finance.yahoo.com

HyreCar Third Quarter 2022 Earnings: Misses Expectations

November 15, 2022 | finance.yahoo.com

HyreCar Announces Financial Results and Highlights for the Third Quarter 2022

January 31, 2023 | Investing Trends (Ad)

Apple, Amazon, and Walmart are Investing in Solar Energy

The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.

November 7, 2022 | finance.yahoo.com

HyreCar to Report Third Quarter 2022 Financial Results and Provide Corporate Update

October 18, 2022 | benzinga.com

HyreCar, Inc. Announces Participation in LD Micro Main Event XV Conference - HyreCar (NASDAQ:HYRE) - Benzinga

October 18, 2022 | finance.yahoo.com

HyreCar, Inc. Announces Participation in LD Micro Main Event XV Conference

October 12, 2022 | time.com

Doing Laundry... As a Side Hustle? - NextAdvisor

October 5, 2022 | seekingalpha.com

Hyrecar (HYRE): Great Potential But Not For The Faint Of Heart - Seeking Alpha

October 4, 2022 | seekingalpha.com

HyreCar rallies after announcing fleet order - Seeking Alpha

October 4, 2022 | globenewswire.com

HyreCar's Fleet Partner AmeriDrive Initiates First New Car Purchases - GlobeNewswire

October 4, 2022 | finance.yahoo.com

HyreCar's Fleet Partner AmeriDrive Initiates First New Car Purchases

October 3, 2022 | cnet.com

Yes, You Can Make Money From That Car Sitting in Your Garage. Here's How - CNET

September 28, 2022 | cnet.com

How to Make Money From That Car Sitting in Your Garage - CNET

September 28, 2022 | seekingalpha.com

HyreCar: Reinvigorating Growth But Caution Remains Warranted

September 27, 2022 | streetinsider.com

Form S-1/A HyreCar Inc. - StreetInsider.com

September 21, 2022 | finance.yahoo.com

HyreCar Appoints Eduardo Iniguez as Interim CFO and Rob MacKethan as Head of Risk & Insurance - Yahoo Finance

September 20, 2022 | marketwatch.com

Uber Technologies Inc. stock remains steady Tuesday, still outperforms market - MarketWatch

September 20, 2022 | finance.yahoo.com

AmeriDrive Partners with HyreCar on $100M Revolving Line of Credit Joint Venture to Grow its Fleet and Geographic Footprint - Yahoo Finance

September 20, 2022 | globenewswire.com

AmeriDrive Partners with HyreCar on $100M Revolving Line of Credit Joint Venture to Grow its Fleet and Geographic Footprint - GlobeNewswire

September 20, 2022 | finance.yahoo.com

AmeriDrive Partners with HyreCar on $100M Revolving Line of Credit Joint Venture to Grow its Fleet and Geographic Footprint

September 19, 2022 | globenewswire.com

HyreCar Appoints Eduardo Iniguez as Interim CFO and Rob MacKethan as Head of Risk & Insurance - GlobeNewswire

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30 days | 90 days | 365 days | Advanced Chart

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HYRE Company Calendar

Last Earnings: 11/14/2022
Today: 1/31/2023
Next Earnings (Estimated): 3/21/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Automotive rental & leasing, without drivers
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NASDAQ:HYRE
CUSIP: N/A
CIK: 1713832
Web: www.hyrecar.com
Phone: (888) 688-6769
Fax: N/A
Employees: 76
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $5.67
High Stock Price Forecast: $7.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +1,032.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.81)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net 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 Ratio: N/A
Current Ratio: 0.92
Quick Ratio: 0.92

Sales & Book Value

Annual Sales: $35.72 million
Price / Sales: 0.43
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.26 per share
Price / Book: 1.92

Miscellaneous

Outstanding Shares: 30,410,000
Free Float: 27,649,000
Market Cap: $15.21 million
Optionable: Not Optionable
Beta: 2.22

Key Executives

Eduardo Iniguez Vazquez
Chief Executive Officer & Financial Officer

Brian Allan
President

Greg Tatem
Chief Technology Officer

Megan Behrens
Senior Vice President-Product & Operations

A. J. Lee
Senior Vice President-Growth

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HYRE Stock - Frequently Asked Questions

Should I buy or sell HyreCar stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for HyreCar in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 brokerages have issued 1-year price objectives for HyreCar's shares. Their HYRE share price forecasts range from $4.00 to $7.00. On average, they expect the company's stock price to reach $5.67 in the next twelve months. This suggests a possible upside of 1,033.1% 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 start of the year. Since then, HYRE stock has increased by 17.9% and is now trading at $0.5001.
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) issued its quarterly earnings results on Monday, November, 14th. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by $0.01. The firm had revenue of $10.27 million for the quarter, compared to analyst estimates 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 a number of retail and institutional investors. Top institutional investors include 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 $0.50.
How much money does HyreCar make?: HyreCar (NASDAQ:HYRE) has a market capitalization of $15.21 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 1/31/2023 by MarketBeat.com Staff

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HyreCar - HYRE Stock Forecast, Price & News

HyreCar MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About HyreCar (NASDAQ:HYRE) Stock

HYRE Stock News Headlines

HYRE Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

HYRE Stock - Frequently Asked Questions

Overall MarketRank^™