Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Operating in the United States, EVmo, Inc., through its affiliated entities, focuses on both vehicle rental and ridesharing services. The company's central offering is the Rideshare Platform, an online booking system providing a varied fleet of passenger vehicles and transit vans. These vehicles are primarily leased to drivers engaged in the ridesharing and delivery sectors, facilitating last-mile logistics. Established in 2016 with its headquarters in Beverly Hills, California, the organization underwent a name change in February 2021, becoming EVmo, Inc. after previously being known as Rideshare Rental, Inc.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers.