DropCar, Inc. (DCAR) Stock: A Good Pick In The technology Industry?

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DropCar, Inc. (DCAR) is headed up in the market today. The company, one that is focused in the technology industry, is presently trading at $4.42 after a move down of -11.24% so far in today’s session. When it comes to tech stocks, there are several aspects that have the ability to generate declines in the market. One of the most common is news. Here are the recent headlines relating to DCAR:

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Mar-08-19 07:33AM DropCar Announces Intention to Explore Strategic Opportunities to Maximize Shareholder Value
Jan-29-19 07:00AM DropCar Expanding Network of Available NYC Garage Spaces Over 2x this Week
Jan-22-19 07:00AM DropCar Announces Non-Deal Roadshow in the U.S.
Jan-14-19 07:00AM DropCar Announces Deal with Leading Peer-to-Peer Car Sharing Marketplace, Turo
Jan-07-19 07:00AM DropCar and STEER Tech Launch Autonomous Vehicle Partnership at CES

However, any time investors are making a decision with regard to investing, investors should focus on far more than news, especially in the ever (changing|evolving) technology space. Here’s what’s happening in regard to DropCar, Inc..

Performance Trends That We’ve Seen From DCAR

While a decline in a single session, like the fall that we’re seeing from DropCar, Inc. may lead to fear in some investors, a single session move alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It’s generally smart to dig into trends experienced by the stock further out than a single trading session. When it comes to DCAR, here are the movements that we’ve seen:

  • Past 5 Sessions – In the past five trading sessions, DCAR has produced a price change in the amount of 38.99%.
  • Past 30 Days – The performance from DropCar, Inc. over the past 30 days has been 94.53%.
  • Past Three Months – Over the past three months, the stock has produced a return on investment that comes to 116.67%
  • Past Six Months – In the past 6 months, we have seen a performance of 22.82% from the stock.
  • YTD – Since the open of this year DCAR has generated a ROI of 252.14%.
  • Annually – Lastly, in the past full year, investors have seen a change that works out to -64.75% out of DCAR. Over this period of time, the stock has sold at a high of -70.53% and a low price of 268.33%.

Ratios Of Note

Looking at various ratios having to do with a stock can give investors an understanding of how dangerous and/or rewarding a an investment option might be. Here are some of the important ratios to think about when looking at DCAR.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors are expecting that the price of the stock is headed for declines. Across the sector, strong technology stocks tend to have a lower short ratio. However, we also see quite a few short squeezes in the industry. Nonetheless, with regard to DropCar, Inc., it’s short ratio amounts to 0.54.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure If a company is able to cover its debts when they mature based on quick assets or current assets. In the technology sector, several companies are reliant on continued investor support as they work to bring new technologies to market, the quick and current ratios can seem upsetting. However, quite a few gems in the technology industry come with strong current and quick ratios. As far as DCAR, the quick and current ratios total up to 1.30 and 1.30 respectively.  

Book To Share Value – The book to share value compares the value of assets owned by the company to the share price of the stock. when it comes to DropCar, Inc., the book to share value ratio works out to 5.29.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the value of shares. When it comes to DCAR, the cash to share value comes to 1.09.

What Institutions And Insiders Think Of DropCar, Inc.

One thing that I have learned in my brief period alive, or somewhat alive has been that smart money tends to follow the moves made by big money players. In general, investors that are trying to keep their investments relatively safe will keep their eyes on trades made by institutions and those on the inside. With that said, is big money interested in regard to DCAR? Here’s the scoop:

Institutions own 2.90% of the company. Institutional interest has moved by 17.75% over the past three months. When it comes to insiders, those who are close to the company currently own 0 percent of DCAR shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

How Analysts Feel About DropCar, Inc.

While it’s rarely a good idea to blindly follow the opinions of analysts, it is a good idea to use their analysis when validating your own thoughts when it comes to making investment decisions in the tech industry. Below you’ll find|Here are} the recent moves that we have seen from analysts with regard to DCAR.

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Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, DCAR has generated revenue in the amount of $-23.90% with earnings coming in at -48.13%. On a quarter over quarter basis, earnings have seen movement of 3.80% and revenue has seen movement of 31.40%.

Looking At Share Counts

Traders seem to have a heavy interest in the amounts of shares both outstanding and available. In regard to DropCar, Inc., there are currently 1.83M and there is a float of 1.22M. This means that out of the total of 1.83M shares of DCAR currently in existence today, 1.22M are able to be traded in the public realm.

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 DCAR, the short percent of the float is 10.42%.

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