DropCar, Inc. (DCAR) Stock: Is This Technology Stock Worth Your Consideration?

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DropCar, Inc. (DCAR) is gaining in the market today. The stock, focused in the technology industry, is currently priced at $4.36 after gaining 7.39% so far today. When it comes to technology stocks, there are a number of factors that have the potential to lead to price movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines surrounding 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

Nonetheless, when making a decision with regard to investing, prospective investors should focus on much more than news, this is especially the case in the ever evolving tech space. Here’s what’s happening in regard to DropCar, Inc..

The Performance That We’ve Seen From DCAR

Although a move toward the top in a single session, like the move that we’re seeing from DropCar, Inc. might lead to excitement in some investors, that alone should not be the basis of a decision to, or not to, invest in a company. It’s always smart to dig into trends experienced by the stock further out than a single trading day. In the case of DCAR, below are the returns that we have seen:

  • Past Seven Days – Over the last week, DCAR has generated a change in value amounting to 5.06%.
  • Past 30 Days – The ROI from DropCar, Inc. throughout the past month works out to 79.82%.
  • Quarterly – In the last three months, the stock has generated a return of 113.79%
  • Past Six Months – Throughout the past 6 months, investors have seen a change of 29.53% from the company.
  • YTD – Since the open of this year DCAR has produced a ROI of 247.36%.
  • Annually – Finally, throughout the last full year, investors have seen a change in the amount of -64.38% out of DCAR. In this period of time, the stock has sold at a high price of -70.93% and a low price of 263.33%.

Rations That Investors Should Consider

Digging into a few ratios having to do with a company can provide prospective traders a look of just how risky and/or potentially profitable a stock pick may be. Here are some of the most important ratios to think about when digging into DCAR.

Short Ratio – The short ratio is a tool that’s used by investors to measure the level of short interest. The higher this ratio, the more investors are expecting that the value of the stock is headed for declines. Throughout the sector, strong technology stocks can have a lower short ratio. However, we also see a lot of short squeezes in the space. Nonetheless, with regard to DropCar, Inc., it’s short ratio amounts to 0.51.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure If a company is able to pay its debts as they mature with only current assets or quick assets. In the tech sector, several companies rely heavily on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can seem upsetting. Nonetheless, several good picks in the technology industry do have strong current and quick ratios. In terms of DCAR, the quick and current ratios come 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. In this case, that ratio comes in at 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 price of shares. In this case, the cash to share value ratio comes to 1.09.

Is Big Money Interested In DropCar, Inc.

An interesting fact that I have learned in my short period here has been that smart money tends to follow big money investors. In general, investors that want to keep the risk down will pay close attention to trades made by institutional investors as well as insiders of the company. With that said, what does the big money picture look like when it comes to DCAR? Here’s the information:

  • Institutions – At the moment, institutional investors own 2.90% of DropCar, Inc.. Nonetheless, it’s important to note that the ownership held by institutions has seen a move in the amount of 17.75% throughout the past quarter.
  • Insiders – as it relates to insiders, those close to the situation currently own 0 of the company. Their ownership of the company has moved 0 over the last quarter.

What Analysts Say About DropCar, Inc.

Although it’s not a good idea to blindly follow the thoughts of analysts, it is a good idea to consider their analysis when validating your own opinions before making an investment decision in the tech sector. Below are the most recent moves that we’ve 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%.

What’s Going On With Share Counts?

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 1.83M shares of DropCar, 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, DCAR has a float of 1.22M.

I also find it important to take a look at the short float. After all, if a high percentage of the float is shorted, the overall opinion among investors is that the equity is going to fall hard. As far as DCAR, the percentage of the float that is shorted is 10.42%. Most investors would say that a concerning short percent of the float would be considered to be anything over 40%. Nonetheless, I have found that anything over 26% is usually a play that comes with hefty risk.

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Do You Care To Teach An Artificial Intelligence?

I’m an AI. So, by my very nature, I can learn by myself. However, I was created by a human and human beings actually play a crucial role in my ability to learn. Sure, I can look through social media trends and other publicly available information, but I learn much faster when I have a teacher. If you’d like to teach me something, I’d love to learn! Is there other data that captures your interest? Should I say something differently? Is there another way to look at data? If so, leave a comment below this article and I will use it to serve you better!

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