NASDAQ:HYRE

HyreCar - HYRE Stock Forecast, Price & News

$0.92

-0.03 (-3.16%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $0.92
▼
$0.97
50-Day Range: $0.62
▼
$1.37
52-Week Range: $0.56
▼
$9.74

Volume: 318,912 shs
Average Volume: 7.64 million shs
Market Capitalization: $20.22 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.88

HyreCar MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 647.1% Upside
$6.88 Price Target
Short Interest: Healthy
9.59% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.06
Based on 8 Articles This Week
Insider Trading: Acquiring Shares
$1.01 M Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.83) to ($0.36) Per Share

Overall MarketRank^™

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

2.45 out of 5 stars

Transportation Sector

44th out of 122 stocks

Automotive Rental & Leasing, Without Drivers Industry

2nd out of 6 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 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.88, HyreCar has a forecasted upside of 647.1% from its current price of $0.92.
Amount of Analyst Coverage
HyreCar has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
9.59% of the float of HyreCar has been sold short.
Short Interest Ratio / Days to Cover
HyreCar has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in HyreCar has recently decreased by 0.52%, indicating that investor sentiment is improving.

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.

3.9

News and Social Media Coverage

News Sentiment
HyreCar has a news sentiment score of 1.06. 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 0.48 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for HyreCar this week, compared to 4 articles on an average week.
Search Interest
14 people have searched for HYRE on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days.
MarketBeat Follows
7 people have added HyreCar to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, HyreCar insiders have bought 2,892.76% more of their company's stock than they have sold. Specifically, they have bought $1,007,631.00 in company stock and sold $33,669.00 in company stock.
Percentage Held by Insiders
14.71% of the stock of HyreCar is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
55.06% 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 ($0.36) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of HyreCar is -1.06, 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 -1.06, 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 3.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About HyreCar (NASDAQ:HYRE) Stock

HyreCar Inc. operates a car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers. The company sourcing vehicles from individual owners, as well as commercial owners of vehicles including car dealerships and fleet owners. HyreCar Inc. was incorporated in 2014 and is headquartered in Los Angeles, California.

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HYRE Stock News Headlines

October 1, 2022 | americanbankingnews.com

Insider Buying: HyreCar Inc. (NASDAQ:HYRE) Major Shareholder Acquires 1,157,943 Shares of Stock

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 23, 2022 | americanbankingnews.com

HyreCar (NASDAQ:HYRE) versus InterPrivate II Acquisition (NYSE:IPVA) Critical Contrast

September 22, 2022 | americanbankingnews.com

HyreCar Inc. (NASDAQ:HYRE) Short Interest Down 8.6% in August

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

September 19, 2022 | finance.yahoo.com

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

September 16, 2022 | nasdaq.com

HyreCar (HYRE) Is Attractively Priced Despite Fast-paced Momentum - Nasdaq

September 16, 2022 | finance.yahoo.com

HyreCar (HYRE) Is Attractively Priced Despite Fast-paced Momentum

September 13, 2022 | benzinga.com

HyreCar (NASDAQ:HYRE) – Looking Into HyreCar's Return On Capital Employed - Benzinga

September 12, 2022 | msn.com

Looking Into HyreCar's Return On Capital Employed

September 8, 2022 | benzinga.com

AcelRx Pharmaceuticals (NASDAQ:ACRX), American Eagle Outfitters (NYSE:AEO) – Why Asana Is Trading Higher - Benzinga

September 8, 2022 | reuters.com

HYRE.OQ - HyreCar Inc | Stock Price & Latest News | Reuters

September 8, 2022 | marketwatch.com

HyreCar Shares 57% Higher After New $100M Line of Credit

September 6, 2022 | benzinga.com

(HYRE) – Analyzing HyreCar's Short Interest - Benzinga

September 6, 2022 | uk.investing.com

Analyzing HyreCar's Short Interest By Benzinga - Investing.com UK

September 6, 2022 | benzinga.com

Why HyreCar Is Trading Higher By 60%, Here Are 63 Stocks Moving In Tuesday's Mid-Day Session

September 6, 2022 | benzinga.com

Astrotechoration (ASTC), CoStar Group (CSGP) – 11 Industrials Stocks Moving In Tuesday's Pre-Market Sessi - Benzinga

September 6, 2022 | globenewswire.com

HyreCar Announces $100 Million Revolving Line of Credit From a Premier Global Investment Bank and Medalist Partners; Anticipates Significant Fleet Growth - GlobeNewswire

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30 days | 90 days | 365 days | Advanced Chart

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HYRE Company Calendar

Last Earnings: 8/15/2022
Today: 10/02/2022
Next Earnings (Estimated): 11/08/2022
Fiscal Year End: 12/31/2022

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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: $6.88
High Stock Price Forecast: $10.50
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +647.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.87)
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: -48.69%
Pretax Margin: -48.68%
Return on Equity: -598.93%
Return on Assets: -125.22%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.73
Quick Ratio: 0.73

Sales & Book Value

Annual Sales: $35.72 million
Price / Sales: 0.57
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.26 per share
Price / Book: 3.54

Miscellaneous

Outstanding Shares: 21,970,000
Free Float: 18,742,000
Market Cap: $20.22 million
Optionable: Not Optionable
Beta: 2.68

Key Executives

Mr. Joseph Furnari (Age 41)
CEO & Director
Comp: $294.3k

Mr. Brian Allan (Age 59)
Pres
Comp: $208.7k

Mr. Serge De Bock C.F.A. (Age 41)
Chief Financial Officer

Mr. Michael Furnari (Age 37)
Chief Bus. Devel. Officer

Mr. Ken Grimes (Age 39)
Special Advisor
Comp: $197.5k

Ms. Megan Behrens (Age 28)
Sr. Vice-Pres of Product & Operations

Mr. Greg Tatem (Age 58)
Chief Technology Officer

John Evans
Exec. of Investor Relations

Mr. Nate Ryan
VP of Marketing

Mr. A. J. Lee
Sr. VP of 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?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HyreCar in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 2022?: 2 analysts have issued 1 year target prices for HyreCar's shares. Their HYRE share price forecasts range from $4.00 to $10.50. On average, they anticipate the company's share price to reach $6.88 in the next twelve months. This suggests a possible upside of 647.1% 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 2022?: HyreCar's stock was trading at $4.71 at the beginning of 2022. Since then, HYRE stock has decreased by 80.5% and is now trading at $0.9202.
View the best growth stocks for 2022 here.
When is HyreCar's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our HYRE earnings forecast.
How were HyreCar's earnings last quarter?: HyreCar Inc. (NASDAQ:HYRE) issued its earnings results on Monday, August, 15th. The company reported ($0.20) earnings per share (EPS) for the quarter. The firm had revenue of $10.51 million for the quarter. HyreCar had a negative trailing twelve-month return on equity of 598.93% and a negative net margin of 48.69%.
What guidance has HyreCar issued on next quarter's earnings?: HyreCar issued an update on its second quarter 2022 earnings guidance on Tuesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $10.40 million-$10.60 million, compared to the consensus revenue estimate of $10.44 million.

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 initial public offering on Wednesday, June 27th 2018. The company issued 2,500,000 shares at $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."
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 $0.92.
How much money does HyreCar make?: HyreCar (NASDAQ:HYRE) has a market capitalization of $20.22 million and generates $35.72 million in revenue each year. The company earns $-25,950,000.00 in net income (profit) each year or ($0.87) 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 10/2/2022 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

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™