How to buy HyreCar stock | $3.87

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 USD$23 million.

How to buy shares in HyreCar

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for HyreCar. Find the stock by name or ticker symbol: HYRE. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until HyreCar reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At last close price of USD$3.87, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of HyreCar, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of HyreCar. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

HyreCar share price

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

HyreCar shares at a glance

• Key figures

Information last updated 2020-12-27.

Latest market close	USD$3.87
52-week range	USD$0.88 - USD$8.6
50-day moving average	USD$6.5844
200-day moving average	USD$4.1639
Wall St. target price	USD$7.09
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	USD$-0.688

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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 price performance over time

Historical closes compared with the close of $3.87 from 2020-10-19

1 week (2021-01-09)	N/A
1 month (2020-12-18)	-48.74%
3 months (2020-10-20)	-3.25%
6 months (2020-07-20)	29.87%

1 year (2020-01-17)	15.18%
2 years (2019-01-18)	-3.25%
3 years (2018-01-16)	N/A
5 years (2016-01-16)	N/A

HyreCar financials

Revenue TTM	USD$23 million
Gross profit TTM	USD$6 million
Return on assets TTM	-84.46%
Return on equity TTM	-252.41%
Profit margin	-64.76%
Book value	$0.013
Market capitalisation	USD$131.9 million

TTM: trailing 12 months

Shorting HyreCar shares

There are currently 257,523 HyreCar shares held short by investors – that's known as HyreCar's "short interest". This figure is 8.6% up from 237,212 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 572273.33333333). HyreCar's SIR currently stands at 0.45. In other words for every 100,000 HyreCar shares traded daily on the market, roughly 450 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 0.01% of the outstanding shares (for every 100,000 HyreCar shares in existence, roughly 10 shares are currently held short) or 0.0156% of the tradable shares (for every 100,000 tradable HyreCar shares, roughly 16 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 $0.88 up to $8.6. 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 3.0075. 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 founded in 2014 and is headquartered in Los Angeles, California.

Frequently asked questions

• What percentage of HyreCar is owned by insiders or institutions?

  Currently 17.143% of HyreCar shares are held by insiders and 34.769% by institutions.

• How many people work for HyreCar?

  Latest data suggests 86 work at HyreCar.

• When does the fiscal year end for HyreCar?

  HyreCar's fiscal year ends in December.

• Where is HyreCar based?

  HyreCar's address is: 355 South Grand Avenue, Los Angeles, CA, United States, 90071

• What is HyreCar's ISIN number?

  HyreCar's international securities identification number is: US44916T1079

• What is HyreCar's CUSIP number?

  HyreCar's Committee on Uniform Securities Identification Procedures number is: 44916T107