Favorable News Coverage Somewhat Unlikely to Impact HyreCar (HYRE) Stock Price

Media stories about HyreCar (NASDAQ:HYRE) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. HyreCar earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.1203928998456 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

HYRE traded up $0.14 during trading hours on Monday, reaching $3.41. The company’s stock had a trading volume of 58,100 shares, compared to its average volume of 482,133. HyreCar has a 52 week low of $2.50 and a 52 week high of $6.50.

HyreCar (NASDAQ:HYRE) last posted its quarterly earnings results on Monday, August 13th. The company reported ($0.92) earnings per share for the quarter. The company had revenue of $2.27 million during the quarter.

About HyreCar

HyreCar Inc operates a Web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. The company has a strategic partnership with DriveItAway. HyreCar Inc was founded in 2014 and is headquartered in Los Angeles, California.

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