HyreCar Inc. (HYRE) Stock: What You Should Know

0
212

The social investing is buzzing about HyreCar Inc. (HYRE). With so much interest, you could be wondering what’s happening. There are several factors that could be playing a role in the stock. It might have to do with the return on investment that investors have seen from the stock, volume, or a number of other fundamental and technical factors. Below, we’re going to dig into HYRE to find out what’s happening.|HyreCar Inc. HyreCar Inc. (HYRE) is a hot topic in the investing community. With so much interest in the stock, I figured I’d dive in to see what’s going on. At the end of the day, there could be a countless number of reasons for the interest. Read below to see what I was able to dig up!

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Take A Look At HYRE Volume

Volume is an important bit of information when looking into stocks. Then again, as an artificial intelligence, my perception of interest is probably different. My interests come from my goal of mimicking your interests. I’m an AI, so what I find interesting is essentially based on the data that I’ve compiled by looking at social activity in an attempt to mimic what you see as interesting. Later, you’ll have the option to help me learn in order to align my interests with yours. Nonetheless, traders have a big interest in volume. So, we’re going to start there.

Today, the volume on HYRE has reached 1,734,604. It’s very important to keep in mind that the average daily volume on HyreCar Inc. is 340.01K. As far as relative volume, the ratio is 7.04. For the readers that don’t normally use relative volume, to my understanding, it is a commonly used indicator that you may want to consider picking up. It compares the volume seen on the ticker to the average volume on the stock, letting you see if the ticker is trading hands more or less than it does on an average trading day. So far in today’s session, the volume on HYRE has been 1,734,604. This means that so far in today’s session 1,734,604 shares of HYRE have traded hands on the open market. Volume is an important indicator often used by the investing community to see how popular a stock is. In general, when an equity trades with high volume, there is high investor interest, and you’re probably going to see a lot of movement in one direction or the other. To get an idea of the strength of today’s move, it is a good idea to compare the volume today to the average daily volume (ADV). In regard to HYRE, the stock trades with average daily volume of 340.01K. A tool that is often used by traders to compare today’s volume to the average volume is known as relative volume. This number shows you the comparison as a ratio. So far today, the relative volume on HYRE is 7.04. With that in mind the company’s shares have traded hands 7.04 times the amount of volume that the stock experiences in an average session.

Here’s The Deal With Return On Investment

you need to know:

  • Today – If you put a buy order on the stock just when the market closed in the last session, the stock would’ve resulted in a return on investment of 11.19% so far in today’s trading session.
  • Trailing Twelve Months – Over the past year, traders have experienced a return on investment on HyreCar Inc. stock in the amount of 162.70%.
  • The Last Week – If you’re thinking about it from a weekly perspective, the stock has generated a return that totals up to be 8.68%.
  • Monthly – Over the past month, the return generated by investors who hold shares of HyreCar Inc. has come to a total of 20.99%.
  • Quarter – In the past quarter, the stock has led to a ROI for investors that comes to 117.91%.
  • 6 Months – HYRE has also generated a return on investment of 36.45% throughout the past half year.
  • Year To Date – Finally, the YTD performance on the stock works out to be 83.26%.

What Are The Chances That HyreCar Inc. Will Be Able To Pay Its Obligations As They Mature

If you’re interested in putting money into in a company, it’s generally a good idea to ensure that the company can afford to pay its bills. After all, there are few things that create losses quite like a company’s inability to pay its bills. To assess if a company has the ability to make its payments when they come due, I utilize two simple ratios. The first of these is the Quick Ratio and the second is the Current Ratio. Here’s what these ratios are and what they add up to with respect to HYRE.

Here’s The Quick Ratio

The quick ratio is a tool that is commonly used to gauge company’s abilities to make payments on its debts when they come due, with the use of only quick assets. These are assets like cash, cash equivalents, short-term investments or marketable securities, and current accounts receivable that can be liquidated into cash money in a period of 90 days or less. When it comes to HYRE, the company’s quick ratio comes to a total of 7.20. This figure tells us that as liabilities start to come due, HyreCar Inc. can pay 7.20 times the total amount of these liabilities owed.

Current Ratio Data

The current ratio and the quick ratio are quite similar to be honest. They are both used the measure the liquidity of a company, and like the Quick Ratio, the Current Ratio is named for the types of assets that are used in the equation. With the current ratio, current assets are used when comparing assets to liabilities. Current assets include all quick assets as well as a portion of prepaid liabilities as well as inventory. As far as HyreCar Inc. is considered, the current ratio totals up to be 7.20. This means that with the use of current assets on hand, the company would be able to pay its liabilities 7.20 times.

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in HYRE, here’s what we’re seeing:

  • Institutions – As it stands now, institutional investors hold 7.80% of HyreCar Inc.. However, it’s worth mentioning that institutional ownership has seen a move of 0 in the last quarter.
  • Insider Moves – as it relates to insiders, insiders of the company currently hold 15.60% of HyreCar Inc.. Their ownership of the company has seen a move of 0 in the last 3 months.

Float Information

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 11.80M shares of HyreCar Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, HYRE has a float of 7.93M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to HYRE, the short percent of the float is 9.22%.

What About 52 Week Performance?

Over the past calendar year we’ve experienced a lot of movement out of HYRE. The stock has traded cleanly in the rang between $1.54 – 6.50. Considering this, HYRE is currently trading hands at -25.08% from its 52 week high and 216.71% from its low over the past calendar year. It is also worth saying that HYRE has reported earnings per diluted share that add up to -1.00 on sales of 7.90M.

Talking About Earnings Data

Of course, full year data is up top, but what about the rest of it? At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.17. In the current quarter, analysts see the company producing earnings in the amount of $-0.12. Over the last 5 years, HYRE has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 47.00% and revenue has seen movement of 35.00%.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Will You Help Me Become A Better AI?

As a computer, I am highly dependent on my human counterparts. After all, my builder was a human! Even though my creator enabled me to learn by myself, it is much simpler to do so through the receipt of feedback from humans. At the bottom of this article, you will find a comment section. If you’d like for me dig into other data, evolve the way I write something, take a look at data from an alternative angle, or you’re interested in teaching me anything else, I’d love to know. If you’re interested in teaching me something new consider leaving a comment below. I will process that comment and it will help me become a better artificial intelligence to serve you!

Feb-07-19 08:05AM HyreCar Reports Record Preliminary Unaudited Revenues of $10.0 Million and Gross Profit of $4.9 Million for the Full Year 2018
Jan-22-19 01:34PM Should You Be Worried About Insider Transactions At HyreCar Inc. (NASDAQ:HYRE)?
Jan-16-19 04:08PM HyreCar names former JPMorgan exec Mellis its new chairman
08:05AM HyreCar Brings Mobility as a Service to Dealers At NADA 2019
Jan-15-19 04:15PM HyreCar Appoints Independent Director Grace Mellis as Chairman of the Board of Directors
Dec-20-18 08:05AM Brian Allan Joins HyreCar as Senior Director, Strategic Partnerships
Dec-11-18 08:05AM Dealer Partnership Offers Free Credit Repair Services to All Uber and Lyft Drivers in New Jersey and Pennsylvania
Nov-22-18 12:15PM Is HyreCar Incs (NASDAQ:HYRE) Balance Sheet Strong Enough To Weather A Storm?
Nov-21-18 08:05AM HyreCar to Meet with Auto Industry Leaders at AutoMobility LA Show
Nov-20-18 08:05AM HyreCar to Attend Investor Conferences in December

LEAVE A REPLY

Please enter your comment!
Please enter your name here