|Bid||0.00 x 1800|
|Ask||0.00 x 900|
|Day's range||9.50 - 10.21|
|52-week range||2.95 - 24.21|
|Beta (5Y monthly)||2.80|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Investors need to pay close attention to HyreCar (HYRE) stock based on the movements in the options market lately.
Shares of HyreCar Inc. (NASDAQ: HYRE) are falling off a cliff this morning and are down 46.6% as of 12:55 p.m. EDT. Demand and revenues are growing faster than expected, but so are HyreCar's losses, and that's something the market and analysts don't like to see in growth stocks. HyreCar started off as a car-sharing marketplace as it spotted an opportunity within the huge addressable market for ride-hailing service providers, Uber (NYSE: UBER) and Lyft.
HyreCar (HYRE) delivered earnings and revenue surprises of -181.25% and -0.57%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?