HYRE - Shares of HyreCar Inc. (HYRE) Rise to a New 52-Week High
Shares of HyreCar Inc. (NASDAQ:HYRE) traded at a new 52-week high today of $23.10. This new high was reached on below average trading volume as 488,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.
HyreCar Inc is a peer-to-peer car-sharing marketplace that allows car owners to rent their idle cars to ride-sharing service drivers. The company generates its revenue in the form of transaction fees, insurance fee, and from other sources such as referrals, motor vehicle record fees, late rental fees, and other fees charged to drivers in specific situations.
HyreCar Inc. (NASDAQ:HYRE) is currently priced 18.9% above its average consensus analyst price target of $18.18.
In the past 52 weeks, shares of HyreCar Inc. have traded between a low of $2.50 and a high of $23.10 and is now at $22.43, which is 795% above that low price.
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