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HyreCar Inc. (HYRE)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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7.70+0.10 (+1.32%)
At close: 4:00PM EDT
7.72 +0.02 (+0.26%)
After hours: 07:59PM EDT
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  • A
    Alasdair
    Can I please have your learned explanations for the strong rise today?
  • B
    Bellamaxi
    Cooper, they need large capital infusion to fund new capital intensive business model. And in the process breakeven got pushed at least a year or more into the future. Be patient, you will get some buying opportunities. Now you see why the insiders dumped on this before the last earnings report.
  • J
    James
    Anyone have any bullish bias for Hyre these days? We've heard the bearish side of things from @bellamaxi which I do appreciate, but I'm curious if there is any hopium for the other side of things?
  • B
    Border Crisis Biden
    anyone know what Hyre's customer (both owner and driver) retention numbers are? This companies future can be determined by their lessee/lessor turnover rate. That is all we need to know. If other services and platforms offer better income to owners or cheaper cost to drivers , then Hyre will only ever be in the business of finding new temporary suckers but if they have high retention rates then their customer base will be their word of mouth advertising army. anyone know these rates?
  • J
    Jerome
    Good strength. It has been hitting strong resistance at $12. If it can close above $12, I think the path to $13 opens up nicely from that point on. The chart looks good. It is "bubbling up"; any good news good make this one fly. Strong business model that is scaling nationwide quite rapidly.
  • G
    Gregory
    Wish I could've heard what they said to institutional investors today. Clearly it did not go well.
  • A
    A
    Hi everyone. Please do the world a great service and mute Bellamaxi. It's toxic dribble fro a sad winner who can't gets what we wants right now. True baby.
  • S
    Skiperdoodle
    Sold this at a loss, I was not impressed with the owners dishonesty, apparently no one else was either hence all the lawsuits.
  • B
    Bellamaxi
    When there is a shortage of something (like cars), people tend to become hoarders and keep that extra car for back up transportation, since buying new or used to replace is not an option - because of premium prices proliferating the market. If you absolutely have no use for extra car you could sell it for top dollar vs. rent it out to on hyrecar to a driver (that doesn't want to use his own car or cannot afford one) to use for uber or lyft, meanwhile you deal with trashing of your vehicle, collecting small sums of money from people that barely can afford it, and excessive wear and tear. What is so exciting about those prospects? Maybe the market is realizing this and thus the reason for CEO and his Bro dumping 5 million each in stock at a price 10$ per share higher than today, before those RECORD EARNINGS last month. LOL
  • M
    Mr. M
    The unfortunate reality is if we didn't have these ambulance chasers there would be little repercussions for the C suite to manipulate the stock. Now the company will just have more cash burn due to non operational legal charges. It's a lose/lose
  • B
    Bellamaxi
    Between bad earnings and business metrics, potential for more dilution, lack of trust in management, severe technical damage to the price and of course end of year tax loss selling - this beast has a treacherous ending to the year ahead of it. Good luck.
  • C
    Cooper
    OMG......it's going down and down......

    But i will buy everymonth!

    The business model is nice and the whole market is growing fast.

    Buy and patience...we need two to do now...
  • B
    Bellamaxi
    I think they will be lucky to get 5.00 a share at the next offering... and they may have to throw in some cheap warrants to get that.
  • B
    Bellamaxi
    Earnings revisions came way down. Not as rosy as Joe expects us to think. But again, these are the guys that dumped before they laid the rotten egg.
  • R
    Ron
    Great buying opportunity. There's no doubt that HYRE has a future...
  • p
    prabhakar
    What this sudden drop, any news ?
  • B
    Bellamaxi
    Heavy insider selling since May, with 0 insider buying.
    https://www.secform4.com/insider-trading/1713832.htm

    When you have a director sell 20K shares literally 5 minutes before an earnings report that is called 'RECORD', yet it halves the stock value in a few days, that to me is an illustration of a much deeper problem below the surface.... and I believe that is what the market is slowly discovering now.
  • B
    Bellamaxi
    If they sign some kind of definitive agreement with one of the 2 TNCs, as they suggested was FINISHED AND DONE in the conference call, then according to SEC regulations they have 4 business days after signing to file an SEC Form 8-K and publicly disclose such agreement. The clock has been ticking and continues to tick on this claim that management claims is worthy of teasing us about. Disclosure: This tease came form a person that dumped 5 million dollars worth of stock in the 17's a few weeks ago, for what its worth.
  • R
    Radha
    Yes Arctis now owns 6.3% . This is not all new purchases. They just increased their position by 28% compared to prev filing.
    https://fintel.io/so/us/hyre/arctis-global-llc
  • R
    Ron
    Is there a way to mute the lawyer ads?