Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
HyreCar Inc. operates a car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers. The company sourcing vehicles from individual owners, as well as commercial owners of vehicles including car dealerships and fleet owners. HyreCar Inc. was incorporated in 2014 and is headquartered in Los Angeles, California. On August 29, 2023, the voluntary petition of HyreCar Inc. for reorganization under Chapter 11 was converted to Chapter 7. It had filed for Chapter 11 bankruptcy on February 24, 2023.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is reasonably priced on P/E, 'expensive' o
Buy
Sell