HyreCar Inc., together with subsidiaries, operates a web-based car-sharing marketplace in the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$6.90|
|52 Week High||US$3.28|
|52 Week Low||US$24.21|
|1 Month Change||-20.60%|
|3 Month Change||-60.93%|
|1 Year Change||97.71%|
|3 Year Change||234.95%|
|5 Year Change||n/a|
|Change since IPO||35.29%|
Recent News & Updates
Is HyreCar (NASDAQ:HYRE) Using Debt In A Risky Way?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
HyreCar - Selloff On Delayed Profitability And Financing Issues At Key Strategic Partner
Uneven gross margin performance continues due to increased operating expenses and escalating customer claims. Profitability likely being delayed into FY2023 at the earliest point. Key strategic partnership ramping up slower than expected due to financing constraints at AmeriDrive. The issue is forcing HyreCar to abandon its capital-light business model in order to provide financial support to AmeriDrive. On the conference call, management reiterated aggressive growth targets and hinted to an upcoming strategic partnership with either Lyft or Uber. Speculative investors willing to bet on a near-term announcement of the strategic partnership with Lyft or Uber might consider a trading position but long-term investors should wait for the company to successfully address current issues.
|HYRE||US Transportation||US Market|
Return vs Industry: HYRE exceeded the US Transportation industry which returned 42% over the past year.
Return vs Market: HYRE exceeded the US Market which returned 33.4% over the past year.
Stable Share Price: HYRE is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 18% a week.
Volatility Over Time: HYRE's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
HyreCar Inc., together with subsidiaries, 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. HyreCar Inc. was incorporated in 2014 and is headquartered in Los Angeles, California.
HyreCar Fundamentals Summary
|HYRE fundamental statistics|
Is HYRE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HYRE income statement (TTM)|
|Cost of Revenue||US$22.18m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-1.12|
|Net Profit Margin||-78.52%|
How did HYRE perform over the long term?See historical performance and comparison
Is HyreCar undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate HYRE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate HYRE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: HYRE is unprofitable, so we can't compare its PE Ratio to the US Transportation industry average.
PE vs Market: HYRE is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HYRE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HYRE is overvalued based on its PB Ratio (11.6x) compared to the US Transportation industry average (3.3x).
How is HyreCar forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HYRE is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: HYRE is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: HYRE is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: HYRE's revenue (52.8% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: HYRE's revenue (52.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HYRE's Return on Equity is forecast to be high in 3 years time
How has HyreCar performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HYRE is currently unprofitable.
Growing Profit Margin: HYRE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HYRE is unprofitable, and losses have increased over the past 5 years at a rate of 37.7% per year.
Accelerating Growth: Unable to compare HYRE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HYRE is unprofitable, making it difficult to compare its past year earnings growth to the Transportation industry (50.5%).
Return on Equity
High ROE: HYRE has a negative Return on Equity (-187.95%), as it is currently unprofitable.
How is HyreCar's financial position?
Financial Position Analysis
Short Term Liabilities: HYRE's short term assets ($27.5M) exceed its short term liabilities ($14.9M).
Long Term Liabilities: HYRE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: HYRE's debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: HYRE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: HYRE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: HYRE has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 35% each year.
What is HyreCar current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HYRE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HYRE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HYRE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HYRE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HYRE's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joe Furnari (40 yo)
Mr. Joseph FurnariL, also known as Joe, has been Chief Executive Officer at HyreCar Inc. since January 2017. Mr. FurnariL served as Chief Financial Officer at HyreCar Inc. since August 2016 to September 2...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD431.00K) is about average for companies of similar size in the US market ($USD541.00K).
Compensation vs Earnings: Joe's compensation has increased whilst the company is unprofitable.
Experienced Management: HYRE's management team is considered experienced (2.3 years average tenure).
Experienced Board: HYRE's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.3%.
HyreCar Inc.'s employee growth, exchange listings and data sources
- Name: HyreCar Inc.
- Ticker: HYRE
- Exchange: NasdaqCM
- Founded: 2014
- Industry: Trucking
- Sector: Transportation
- Market Cap: US$146.886m
- Shares outstanding: 21.29m
- Website: https://www.hyrecar.com
Number of Employees
- HyreCar Inc.
- 355 South Grand Avenue
- Suite 1650
- Los Angeles
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/27 23:13|
|End of Day Share Price||2021/10/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.