HyreCar (NASDAQ:HYRE) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS

HyreCar (NASDAQ:HYRE) announced its earnings results on Wednesday. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.12), Fidelity Earnings reports. HyreCar had a negative net margin of 70.49% and a negative return on equity of 101.83%.

Shares of HyreCar stock opened at $2.02 on Thursday. The business’s fifty day simple moving average is $2.84 and its 200 day simple moving average is $2.67. The firm has a market capitalization of $33.10 million, a P/E ratio of -2.35 and a beta of 1.10. HyreCar has a 12 month low of $1.50 and a 12 month high of $7.85.

Several research firms recently weighed in on HYRE. ValuEngine upgraded shares of HyreCar from a “hold” rating to a “buy” rating in a report on Monday, December 16th. Zacks Investment Research raised shares of HyreCar from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $6.50.

About HyreCar

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.

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Earnings History for HyreCar (NASDAQ:HYRE)

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