HyreCar is UNDERVALUED at 7.79 per share with modest projections ahead. About 17.0% of HyreCar shares are held by company
insiders. Insiders ownership of HyreCar refers to the amount of HyreCar equity owned by HyreCar officers, directors, relatives of the leadership team, or anyone who has access to private information before it's made available to the public. Check out our latest analysis of HyreCar, including its current
ownership diagnostics.
There are currently many different techniques concerning forecasting the market as a whole as well as
predicting future values of individual securities such as HyreCar. Regardless of method or technology, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the
market sentiment and impact your forecasting results.
Predictive Modules for HyreCar
Sophisticated investors, who have witnessed
many market ups and downs, frequently view the market will even out over time. This tendency of HyreCar's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of HyreCar in the context of predictive analytics.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as HyreCar. Your research has to be compared to or analyzed against HyreCar's peers to derive any actionable benefits. When done correctly, HyreCar's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in HyreCar.
Watch out for price decline
Please consider monitoring HyreCar on a daily basis if you are holding a position in it. HyreCar is trading at a penny-stock level, and the possibility of delisting is much higher compared to other delisted stocks. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion.
Most exchanges require public instruments, such as HyreCar stock to be traded above the $1 level to remain listed. If HyreCar stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.
How important is HyreCar's Liquidity
HyreCar
financial leverage refers to using borrowed capital as a funding source to finance HyreCar ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. HyreCar financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to HyreCar's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of HyreCar's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between HyreCar's total debt and its cash.
A Deeper Perspective
HyreCar shows above-average downside volatility for the selected time horizon. We advise investors to inspect HyreCar further and ensure that all market timing and asset allocation strategies are consistent with the estimation of HyreCar future alpha.
Margin Breakdown
| EBITDA Margin | (0.84) |
| Gross Margin | 0.36 |
| Profit Margin | (0.85) |
HyreCar technical analysis indicates possible recoup
The risk adjusted performance is down to 0.3 as of today. HyreCar shows above-average downside volatility for the selected time horizon. We advise investors to inspect HyreCar further and ensure that all market timing and asset allocation strategies are consistent with the estimation of HyreCar future alpha.
Our Final Perspective on HyreCar
Although some firms under the rental & leasing services industry are still a bit expensive, HyreCar may offer a potential longer-term growth to shareholders. With an optimistic outlook on your 30 days horizon, it may be a good time to buy new shares of HyreCar or increase your existing holdings in the Stock as it seems the potential growth has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to HyreCar.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of HyreCar. Please refer to our
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