HYRE

It would be an understatement to say that HyreCar disappointed investors with their August 10th Q2 Earnings Release and conference call. In fact, shares closed at $19.12 that day and have traded at or below $10.00 since then. As a long time follower and shareholder of HYRE, I was surprised and at the same time […]

Let me start by saying I am not claiming any prophetic abilities that allow me to know where a stock’s price is going. What I am claiming is there are a few reasons that HYRE stock has performed so well since the Q1 earnings call leading to frustration from many claiming to be short while […]

HyreCar (HYRE) released Q4 results and held a conference call to discuss today. In spite of California shutting down during Q4 it was a decent showing for HYRE with highlights as follows: Revenue was $7.0 million, compared to $4.9 million in 2019, an increase of 42%. Net Loss of ($5.4) million and earnings per share of ($0.31), compared to ($4.9) million and […]

Ladenburg Thalmann analyst Jon Hickman upgraded HyreCar to Buy from Neutral with a price target of $17, up from $7.50, after the company announced a partnership with AmeriDrive Holdings and Cogent Bank. I wrote a short piece yesterday about this partnership here. HYRE hosted a corporate update call yesterday after the market close where CEO […]

HyreCar Inc. (HYRE) said it has entered into new and expanded strategic partnerships to significantly increase car supply on its platform in key markets. The company said the formal partnerships include AmeriDrive Holdings, an automotive mobility fleet manager, and Cogent Bank’s Specialty Lending Unit. The company said AmeriDrive has entered into agreements with vehicle supply […]

HyreCar (HYRE) has come a long way since it’s plunge to 88c per share back in April 2020. I remember buying shares back around that time and hoping I was right that this company would rebound from the Covid 19 shutdowns. In my mind it was so cheap I thought the odds were with me […]