NASDAQ:HYRE - HyreCar Stock Price, Forecast & News

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

HyreCar Inc (NASDAQ:HYRE) posted its quarterly earnings data on Monday, August, 13th. The company reported ($0.92) earnings per share for the quarter. The firm had revenue of $2.27 million for the quarter. HyreCar had a negative net margin of 70.49% and a negative return on equity of 101.83%. View HyreCar's Earnings History.

HyreCar is scheduled to release their next quarterly earnings announcement on Thursday, March 26th 2020. View Earnings Estimates for HyreCar.

HyreCar issued an update on its fourth quarter 2019 Pre-Market earnings guidance on Monday, January, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.6-4.8 million, compared to the consensus revenue estimate of $4.56 million.

4 analysts have issued 1-year price objectives for HyreCar's stock. Their forecasts range from $6.50 to $8.25. On average, they anticipate HyreCar's stock price to reach $7.19 in the next year. This suggests a possible upside of 86.7% from the stock's current price. View Analyst Price Targets for HyreCar.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HyreCar in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for HyreCar.

Press coverage about HYRE stock has trended negative on Wednesday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news 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 -2.7 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for HyreCar.

HyreCar saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,590,000 shares, a drop of 8.1% from the December 31st total of 1,730,000 shares. Based on an average trading volume of 184,100 shares, the days-to-cover ratio is presently 8.6 days. Currently, 12.7% of the shares of the stock are short sold. View HyreCar's Current Options Chain.

Some companies that are related to HyreCar include AMERCO (UHAL), Avis Budget Group (CAR), Hertz Global (HTZ), Ryder System (R) and SP Plus (SP).

Based on aggregate information from My MarketBeat watchlists, some companies that other HyreCar investors own include Antares Pharma (ATRS), Digital Turbine (APPS), CorMedix (CRMD), DURECT (DRRX), Zynga (ZNGA), Atossa Genetics (ATOS), Enphase Energy (ENPH), Evofem Biosciences (EVFM), Gilead Sciences (GILD) and Interpace Diagnostics Group (IDXG).

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

HyreCar's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Sage Rhino Capital LLC (0.75%) and Bank of New York Mellon Corp (0.38%). Company insiders that own HyreCar stock include Anshu Bansal, Joseph Furnari, Michael Furnari and Robert Scott Brogi. View Institutional Ownership Trends for HyreCar.

HYRE stock was purchased by a variety of institutional investors in the last quarter, including Sage Rhino Capital LLC and Bank of New York Mellon Corp. Company insiders that have bought HyreCar stock in the last two years include Joseph Furnari, Michael Furnari and Robert Scott Brogi. View Insider Buying and Selling for HyreCar.

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 $3.85.

HyreCar has a market capitalization of $63.10 million and generates $9.78 million in revenue each year. The company earns $-11,240,000.00 in net income (profit) each year or ($1.31) on an earnings per share basis. HyreCar employs 87 workers across the globe.View Additional Information About HyreCar.

The official website for HyreCar is http://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.