DropCar, Inc. (DCAR) Stock: Here’s What’s Happening

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DropCar, Inc. (DCAR) is making a move down in the market today. The stock, focused on the tech industry, is currently trading at $0.75 after falling -5.05% so far today. As it relates to tech stocks, there are quite a few factors that have the potential to cause movement in the market. News is one of the most common reasons for movement. Here are the most recent stories associated with DCAR:

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Aug-14-19 07:30AM DropCar Announces Financial Results for the Three Months Ended June 30, 2019
Jul-24-19 03:21PM Introducing DropCar (NASDAQ:DCAR), The Stock That Tanked 85%
May-15-19 07:00AM DropCar Announces Financial Results for the Three Months Ended March 31, 2019
Apr-03-19 07:30AM DropCar Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2018
Mar-26-19 03:42PM Could DropCar, Inc.’s (NASDAQ:DCAR) Investor Composition Influence The Stock Price?

However, when making an investing decision, investors should look at far more than just news, this is especially the case in the ever evolving technology industry. Here’s what’s going on with DropCar, Inc..

How DCAR Has Been Trending

While a decline in a single session, like the fall that we’re seeing from DropCar, Inc. might cause fear in some investors, a single session move alone should not be the reason for a decision to, or not to, invest in a company. It is generally a good idea to look at trends experienced by the stock beyond a single trading day. When it comes to DCAR, here are the returns that investors have experienced:

  • Past 5 Sessions – Over the past five trading sessions, DCAR has seen a change in price amounting to -2.46%.
  • Past 30 Days – The return on investment from DropCar, Inc. throughout the past month works out to -3.83%.
  • Past Three Months – Throughout the last quarter, the company has generated a return that works out to -28.56%
  • Past Six Months – Throughout the past 6 months, investors have seen a performance that works out to -81.39% from the company.
  • YTD – Since the open of this year DCAR has generated a return of -40.24%.
  • Annually – Lastly, throughout the past full year, we’ve seen movement of -78.49% from DCAR. Throughout this period, the stock has sold at a high price of -88.21% and a low price of 38.91%.

Ratios To Pay Attention To

Looking at various ratios associated with a company can give investors a view of how dangerous and/or rewarding a an investment option might be. Below are some of the most important ratios to look at when digging into DCAR.

Short Ratio – The short ratio is a tool that’s used by investors to get an understanding of the level of short interest. The higher this ratio, the more investors have a belief that the stock is going to tumble. In general, strong tech stocks tend to carry a lower short ratio. On the other hand, we also see a lot of short squeezes in the industry. Nonetheless, as it relates to DropCar, Inc., it’s short ratio is 3.52.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure whether or not a company can cover its debts when they come due with only quick assets or current assets. Because in tech, companies are heavily reliant on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can seem damning. However, quite a few good picks in the technology sector do have good current and quick ratios. As it relates to DCAR, the quick and current ratios come to 1.80 and 1.80 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the price of shares. In this particular case, the book to share value ratio equates to 0.62.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. When it comes to DCAR, the cash to share value ratio comes to 0.82.

What Are Big Money Players Doing With DropCar, Inc.

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 DCAR, here’s what we’re seeing:

Institutions own 1.20% of the company. Institutional interest has moved by -23.23% over the past three months. When it comes to insiders, those who are close to the company currently own 15.80% 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 not a good idea to blindly follow the opinions of analysts, it is a smart idea to use their thoughts when validating your own due diligence when it comes to making an investment decision in the technology space. Here are the most recent moves that we’ve seen from analysts as it relates to DCAR.

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What We’ve Seen In Financial Results

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 $-24.50% with earnings coming in at -48.13%. On a quarter over quarter basis, earnings have seen movement of 92.80% and revenue has seen movement of -36.80%.

What’s The Float Looking Like?

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 4.13M 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 3.27M.

It’s also important to look at the short percent. After all, if a large portion of the float is shorted, the overall feeling among investors is that the company is headed for a deep dive. As far as it relates to DCAR, the percentage of the float that is sold short comes to a total of 7.14%. Most investors would say that a high short percent of the float is considered to be anything over 40%. Through my work, I have found that any short ratio over 26% is generally a play that comes with hefty risk.

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