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NVDA   160.55 (+0.43%)
NIO   12.57 (-5.06%)
BABA   88.71 (-3.00%)
AMD   70.10 (-0.24%)
T   19.29 (+0.63%)
MU   53.41 (-0.50%)
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GE   85.16 (-0.14%)
DIS   91.83 (-0.50%)
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PYPL   74.41 (+3.02%)
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NASDAQ:HYRE

HyreCar - HYRE Stock Forecast, Price & News

$0.55
-0.01 (-2.44%)
(As of 12/7/2022 01:27 PM ET)
Add
Compare
Today's Range
$0.55
$0.58
50-Day Range
$0.57
$0.99
52-Week Range
$0.56
$5.36
Volume
1,454 shs
Average Volume
159,292 shs
Market Capitalization
$12.11 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.67

HyreCar MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
922.9% Upside
$5.67 Price Target
Short Interest
Bearish
6.37% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$1.01 M Bought Last Quarter
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.

1.88 out of 5 stars

Transportation Sector

84th out of 124 stocks

Automotive Rental & Leasing, Without Drivers Industry

6th out of 6 stocks

HYRE stock logo

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

HyreCar Third Quarter 2022 Earnings: Misses Expectations
Form S-1/A HyreCar Inc. - StreetInsider.com
See More Headlines
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HYRE Company Calendar

Last Earnings
11/09/2021
Today
12/07/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/21/2023

Industry, Sector and Symbol

Industry
Automotive rental & leasing, without drivers
Sub-Industry
N/A
Current Symbol
NASDAQ:HYRE
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
+928.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-25,950,000.00
Pretax Margin
-46.02%

Debt

Sales & Book Value

Annual Sales
$35.72 million
Book Value
$0.26 per share

Miscellaneous

Free Float
19,977,000
Market Cap
$12.11 million
Optionable
Not Optionable
Beta
2.16

Key Executives

  • Mr. Joseph FurnariMr. Joseph Furnari (Age 41)
    CEO & Director
    Comp: $294.3k
  • Mr. Brian AllanMr. Brian Allan (Age 59)
    Pres
    Comp: $208.7k
  • Mr. Michael FurnariMr. Michael Furnari (Age 37)
    Chief Bus. Devel. Officer
  • Mr. Ken Grimes (Age 39)
    Special Advisor
    Comp: $197.5k
  • Mr. Eduardo Iniguez (Age 36)
    Head of Fin. & Interim CFO
  • Mr. Greg Tatum (Age 58)
    Chief Technology Officer
  • John Evans
    Exec. of Investor Relations
  • Mr. A. J. Lee
    Sr. VP of Growth
  • Mr. Rob MacKethan
    Head of Risk Management & Insurance













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 twelve months. 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 analysts 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 year. This suggests a possible upside of 902.9% 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 the year. Since then, HYRE shares have decreased by 88.0% and is now trading at $0.5650.
View the best growth stocks for 2022 here
.

Are investors shorting HyreCar?

HyreCar saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,400,000 shares, an increase of 12.9% from the October 31st total of 1,240,000 shares. Based on an average daily trading volume, of 2,510,000 shares, the days-to-cover ratio is presently 0.6 days.
View HyreCar's Short Interest
.

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 Tuesday, November, 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.34) by $0.05. The business earned $9.65 million during the quarter, compared to the consensus estimate of $9.70 million. HyreCar had a negative trailing twelve-month return on equity of 1,016.64% and a negative net margin of 46.03%. During the same period last year, the company earned ($0.10) EPS.

What other stocks do shareholders of HyreCar own?
When did HyreCar IPO?

(HYRE) raised $12 million in an initial public offering (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.

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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (3.32%), State Street Corp (1.28%), P.A.W. Capital Corp (0.73%), White Pine Capital LLC (0.29%), Renaissance Technologies LLC (0.15%) and Royce & Associates LP (0.13%). 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 $0.57.

How much money does HyreCar make?

HyreCar (NASDAQ:HYRE) has a market capitalization of $12.41 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 12/7/2022 by MarketBeat.com Staff