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How to buy HyreCar stock

Own HyreCar stock in just a few minutes.

Buy HyreCar (HYRE)
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Jing Jun Ma
Fact checked

HyreCar Inc is a rental & leasing services business based in the US. HyreCar shares (HYRE) are listed on the NASDAQ and all prices are listed in US Dollars. HyreCar employs 86 staff and has a trailing 12-month revenue of around 0.00.

How to buy shares in HyreCar

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – HYRE – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

What's in this guide?

  1. HYRE shares summary
  2. Compare share dealing platforms
  3. Is HYRE stock a buy or sell?
  4. Stock performance over time
  5. Can I short HYRE shares?
  6. HyreCar's financials
  7. How volatile are HYRE shares?
  8. Does HyreCar pay a dividend?
  9. Other common questions

HyreCar share price

Use our graph to track the performance of HYRE stocks over time.

HyreCar shares at a glance

Information last updated 2021-04-29.
52-week range$1.73 - $16.27
50-day moving average $10.98
200-day moving average $8.43
Wall St. target price$16.50
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) $-0.69

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy HyreCar stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of HyreCar Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

HyreCar financials

Revenue TTM $25.2 million
Gross profit TTM $8.3 million
Return on assets TTM -107.77%
Return on equity TTM -1309.32%
Profit margin -60.32%
Book value $0.01
Market capitalisation $253.2 million

TTM: trailing 12 months

Shorting HyreCar shares

There are currently 802,760 HyreCar shares held short by investors – that's known as HyreCar's "short interest". This figure is 19.3% up from 672,890 last month.

There are a few different ways that this level of interest in shorting HyreCar shares can be evaluated.

HyreCar's "short interest ratio" (SIR)

HyreCar's "short interest ratio" (SIR) is the quantity of HyreCar shares currently shorted divided by the average quantity of HyreCar shares traded daily (recently around 385942.30769231). HyreCar's SIR currently stands at 2.08. In other words for every 100,000 HyreCar shares traded daily on the market, roughly 2080 shares are currently held short.

However HyreCar's short interest can also be evaluated against the total number of HyreCar shares, or, against the total number of tradable HyreCar shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case HyreCar's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 HyreCar shares in existence, roughly 40 shares are currently held short) or 0.0421% of the tradable shares (for every 100,000 tradable HyreCar shares, roughly 42 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against HyreCar.

Find out more about how you can short HyreCar stock.

HyreCar share dividends

We're not expecting HyreCar to pay a dividend over the next 12 months.

HyreCar share price volatility

Over the last 12 months, HyreCar's shares have ranged in value from as little as $1.73 up to $16.27. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while HyreCar's is 2.8151. This would suggest that HyreCar's shares are significantly more volatile than the average for this exchange and represent a higher risk.

HyreCar overview

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. .

  1. Technical analysis graphic from TradingView, https://uk.tradingview.com Stock prices and other date from EOD Historical Data

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