DropCar, Inc. (DCAR) Stock: Here’s Why It’s Up

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DropCar, Inc. (DCAR) is headed up in the market in today’s trading session. The stock, one that is focused in the technology space, is presently priced at $0.64 after heading up 6.65% so far in today’s session. When it comes to tech companies, there are a number of aspects that have the potential to generate movement in the market. News is one of the most common reasons for movement. Here are the recent headlines centered around DCAR:

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Sep-23-19 08:02AM Do Insiders Own Shares In DropCar, Inc. (NASDAQ:DCAR)?
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

Nonetheless, when making a decision with regard to investing, investors should look into far more than just news, this is especially the case in the ever changing tech industry. Here’s what’s happening in regard to DropCar, Inc..

Recent Moves From DCAR

Although a gain in a single session, like the gain that we’re seeing from DropCar, Inc. may make some investors happy, that alone shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally smart to look into trends just a single session. In the case of DCAR, here are the movements that investors have seen:

  • Past 7 Days – Throughout the past 5 trading sessions, DCAR has generated a price change amounting to 4.90%.
  • Past 30 Days – The performance from DropCar, Inc. throughout the last 30 days has been 10.44%.
  • Past 3 Months – In the last 3 months, the stock has generated a return that comes to -19.51%
  • Past 6 Months – In the last 6 months, investors have seen a performance that works out to -58.98% from the company.
  • This Year So Far – Since the close of last year DCAR has resulted in a return of -49.02%.
  • Annually – Lastly, throughout the last full year, we’ve seen performance amounting to -73.34% out of DCAR. Throughout this period of time, the stock has sold at a high price of -89.94% and a low of 25.47%.

Important Ratios

Looking at various key ratios associated with a company generally gives prospective traders a look of how risky and/or rewarding a an investment option might be. Below are a few of the key ratios to think about when digging into DCAR.

Short Ratio – The short ratio is a tool that’s used by traders to measure the level of short interest. As the ratio goes higher, it means that more investors believe that the value of the stock is headed for declines. Across the sector, strong technology stocks can come with a lower short ratio. However, we also tend to see quite a few short squeezes in the space. Nonetheless, when it comes to DropCar, Inc., the stock’s short ratio comes to 6.70.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay its debts when they mature based on current assets or quick assets. In the tech sector, several companies are heavily reliant on continued investor support as they work to bring new technologies to market, these ratios can be upsetting. However, several better companies in the technology industry do have positive current and quick ratios. When it comes 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 the share price to the current book value of assets that are owned by the company. In the case of DropCar, Inc., that ratio works out 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 shares. In this case, the cash to share value works out to 0.82.

Is Big Money Interested In 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 1.60% of the company. Institutional interest has moved by 39.82% 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 0.00% over the last three months.

What Analysts Think About DropCar, Inc.

Although it’s never a smart idea to blindly follow the thoughts of analysts, it is a good idea to use their analysis in order to validate your own when it comes to making an investment decision in the technology sector. Below are the recent moves that we’ve seen from analysts when it comes 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%.

A Look At 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 4.17M 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 3.29M.

It’s also important to follow the short float. After all, if a large portion of the float available for trading is shorted, the overall opinion in the market is that the equity is going to lose value. With regard to DCAR, the percentage of the float that is currently being sold short is 7.47%. Most investors would say that a high short percent of the float would be considered to be anything over 40%. In my research, I have found that anything over 26% is usually a risky play.

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