NASDAQ:HYREHyreCar Stock Price, Forecast & News

HyreCar's stock was trading at $2.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, HYRE stock has increased by 38.0% and is now trading at $2.98. 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, meeting the Zacks' 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.

4 equities research analysts have issued 12-month price targets for HyreCar's stock. Their forecasts range from $5.00 to $7.00. On average, they anticipate HyreCar's share price to reach $5.94 in the next year. This suggests a possible upside of 99.2% from the stock's current price. View analysts' price targets for HyreCar.

News headlines about HYRE stock have been trending negative this week, InfoTrie reports. InfoTrie identifies negative and positive press coverage by monitoring 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 positive five, with scores closest to five being the most favorable. HyreCar earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about HyreCar.

HyreCar saw a decrease in short interest in 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 presently 2.8 days. Approximately 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 $5.00 per share. Network 1 Financial Securities acted as the underwriter for the IPO.

HyreCar trades on the NASDAQ under the ticker symbol "HYRE."

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 $2.98.

HyreCar has a market capitalization of $52.30 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]