HyreCar Inc (HYRE) Enhances Fleet with New Program for High-Value Cars

HyreCar, a car-sharing marketplace for ride-sharing and food and package delivery services, announced the launch of its new program, HyreCar Select. The program will allow existing and new car owners to list and rent higher-value cars through the platform. Previously, the platform was limited to standard vehicle offerings such as the Toyota Prius, Nissan Altima, and Hyundai Elantra. The launch of HyreCar Select will allow more diversified fleets to be listed on the platform, giving drivers access to cars with greater earning potential and a wider range of options. The program aims to increase the supply of electric vehicles (EVs) on the platform and reduce carbon emissions. The program will launch in California and Georgia before being rolled out to other states in the coming weeks.

In terms of stock performance, HyreCar Inc. (HYRE) shares were reported as falling 0.00% in pre-market trading at the time of the press release. The stock had gained 0.43% in the previous session, with a volume of 0.12 million shares, which was lower than the average daily volume of 0.25 million shares within the past 50 days. Over the last 12 months, HYRE shares have seen a decline of -83.86%, and in the past week, they have dropped by -0.97%. In the past three months, the stock has lost -20.03%, while in the past six months it has shed -29.12%. The company has a current market capitalization of $16.46 million and its outstanding shares are at 30.41 million.

Analyst ratings for the stock show that out of 1 Wall Street analysts offering 12-month price targets for Hyrecar in the last 3 months, the average price target is $3.00, with a high forecast of $3.00 and a low forecast of $3.00. This represents a 435.71% change from the last price of $0.56.

HyreCar Inc. (NASDAQ: HYRE) is a national car sharing marketplace for ridesharing, food, and package delivery via its proprietary technology platform. The company has established a leading presence in Mobility as a Service (MaaS) through individual vehicle owners, dealers, rental agencies, and OEMs that wish to participate in new mobility trends. By providing a unique opportunity through a safe, secure, and reliable marketplace, HyreCar is transforming the industry by empowering all to profit from Mobility as a Service.

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