HyreCar (HYRE) Sets New 52-Week Low at $1.90

HyreCar Inc (NASDAQ:HYRE)’s share price hit a new 52-week low on Thursday . The stock traded as low as $1.90 and last traded at $2.04, with a volume of 100 shares trading hands. The stock had previously closed at $2.06.

Separately, Taglich Brothers initiated coverage on HyreCar in a research note on Wednesday, October 24th. They set a “speculative buy” rating and a $4.00 price objective on the stock.

HyreCar (NASDAQ:HYRE) last issued its quarterly earnings data on Monday, August 13th. The company reported ($0.92) earnings per share for the quarter. The business had revenue of $2.27 million during the quarter. On average, equities research analysts forecast that HyreCar Inc will post -1.35 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in HyreCar stock. Citadel Advisors LLC acquired a new stake in shares of HyreCar Inc (NASDAQ:HYRE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 26,355 shares of the company’s stock, valued at approximately $133,000. Citadel Advisors LLC owned approximately 0.25% of HyreCar at the end of the most recent quarter. 0.49% of the stock is currently owned by institutional investors and hedge funds.

About HyreCar (NASDAQ:HYRE)

HyreCar Inc operates a Web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. The company has a strategic partnership with DriveItAway and the PassTime to deliver dealer-focused vehicle tracking and inventory management solution.

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