HyreCar - HYRE Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for HyreCar in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HYRE shares.
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1 brokers have issued 1 year target prices for HyreCar's shares. Their HYRE share price forecasts range from $4.00 to $7.00. On average, they anticipate the company's share price to reach $5.67 in the next twelve months. This suggests a possible upside of 3,334.3% from the stock's current price.
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HyreCar's stock was trading at $0.4240 at the beginning of 2023. Since then, HYRE shares have decreased by 61.1% and is now trading at $0.1650.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 21st 2023.
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HyreCar Inc. (NASDAQ:HYRE) posted its earnings results on Monday, November, 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by $0.01. The business had revenue of $10.27 million for the quarter, compared to analysts' expectations 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%.

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).

(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."

HyreCar's stock is owned by many different retail and institutional investors. Top institutional shareholders include Sage Rhino Capital LLC (0.62%), Simplex Trading LLC (0.00%) and 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.
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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.
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One share of HYRE stock can currently be purchased for approximately $0.17.

HyreCar (NASDAQ:HYRE) has a market capitalization of $5.02 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.

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.