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NASDAQ:HYRE - HyreCar Stock Price, Forecast & News

$3.85
+0.22 (+6.06 %)
(As of 02/19/2020 08:00 AM ET)
Today's Range
$3.55
Now: $3.85
$3.95
50-Day Range
$2.63
MA: $3.09
$3.85
52-Week Range
$1.92
Now: $3.85
$8.03
Volume328,500 shs
Average Volume134,259 shs
Market Capitalization$63.10 million
P/E RatioN/A
Dividend YieldN/A
Beta1.6
HyreCar Inc. operates a Web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. The company has a strategic partnership with PassTime to deliver dealer-focused vehicle tracking and inventory management solution. HyreCar Inc. was founded in 2014 and is headquartered in Los Angeles, California.

Industry, Sector and Symbol

Industry Automotive rental & leasing, without drivers
Sub-IndustryN/A
SectorTransportation
Current SymbolNASDAQ:HYRE
CUSIPN/A
CIKN/A
Phone888-688-6769

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.78 million
Book Value$0.46 per share

Profitability

Net Income$-11,240,000.00

Miscellaneous

Employees87
Market Cap$63.10 million
Next Earnings Date3/26/2020 (Estimated)
OptionableNot Optionable

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HyreCar (NASDAQ:HYRE) Frequently Asked Questions

What is HyreCar's stock symbol?

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

How were HyreCar's earnings last quarter?

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.

When is HyreCar's next earnings date?

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

What guidance has HyreCar issued on next quarter's earnings?

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.

What price target have analysts set for HYRE?

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.

What is the consensus analysts' recommendation 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.

What are Wall Street analysts saying about HyreCar stock?

Here are some recent quotes from research analysts about HyreCar stock:
  • 1. According to Zacks Investment Research, "HyreCar Inc. operates as a platform as a service company. It offers a car-sharing platform which allows car owners to rent their idle cars to ride-sharing service drivers. HyreCar Inc. is based in Los Angeles, United States. " (1/8/2020)
  • 2. Maxim Group analysts commented, "Ahead of 2Q19 results to be reported on Wednesday, August 14, we are slightly shifting revenue from our prior 2Q19 estimate, into 4Q19, but maintain our FY19 forecast for robust revenue growth (+67%) and improving EBITDA. With operating leverage from higher revenue along with more profitable insurance offerings, we anticipate 2Q19 gross margin expanding to 59.5% (vs. prior estimate of 60.6%), from 47.4% in 2Q18. We project over 80% revenue growth in 2019 and 58% average revenue growth over the next three years as the company is well-positioned to generate hyper- growth in the car-sharing marketplace. Maintain Buy rating and $10 price target." (8/9/2019)

Has HyreCar been receiving favorable news coverage?

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.

Are investors shorting 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.

Who are some of HyreCar's key competitors?

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

What other stocks do shareholders of HyreCar own?

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).

Who are HyreCar's key executives?

HyreCar's management team includes the folowing people:
  • Mr. Joseph Furnari, CEO & Director (Age 38)
  • Mr. Michael Furnari, Chief Bus. Devel. Officer & Director of Sales (Age 34)
  • Mr. Robert Scott Brogi, Chief Financial Officer (Age 54)
  • Mr. Henry Park, Chief Operating Officer (Age 48)
  • Ken Grimes, VP of Engineering

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 $5.00 per share. Network 1 Financial Securities served as the underwriter for the IPO.

Who are HyreCar's major shareholders?

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.

Which major investors are buying HyreCar stock?

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.

How do I buy shares of 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.

What is HyreCar's stock price today?

One share of HYRE stock can currently be purchased for approximately $3.85.

How big of a company is HyreCar?

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.

What is HyreCar's official website?

The official website for HyreCar is http://www.hyrecar.com/.

How can I contact HyreCar?

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.


MarketBeat Community Rating for HyreCar (NASDAQ HYRE)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  144 (Vote Outperform)
Underperform Votes:  169 (Vote Underperform)
Total Votes:  313
MarketBeat's community ratings are surveys of what our community members think about HyreCar and other stocks. Vote "Outperform" if you believe HYRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe HYRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/19/2020 by MarketBeat.com Staff

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