HYRE - HyreCar: The Growth Kick Is Still Alive But Take Care To Lock In Gains Soon
- Shares of HyreCar have nearly tripled year-over-year as more and more customers (and investors) discovered the platform.
- HyreCar's recent inclusion on the Russell 3000 was a recent non-fundamental catalyst that drove the stock substantially higher.
- While HyreCar still retains potential, the company's massive gains and the fact that it hasn't yet hit profitability may signal a near-term top.
- Decelerating growth may also be a concern, though added car supply and dynamic pricing may be deterrents to deceleration.
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HyreCar: The Growth Kick Is Still Alive, But Take Care To Lock In Gains Soon