Getaround (NYSE:GETR) Stock Price Up 5.8%

Getaround, Inc. (NYSE:GETR)’s stock price rose 5.8% on Tuesday . The stock traded as high as $0.22 and last traded at $0.20. Approximately 1,219,358 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 4,359,211 shares. The stock had previously closed at $0.19.

Getaround Stock Up 5.8 %

The company has a market cap of $18.73 million, a price-to-earnings ratio of -0.16 and a beta of 1.12. The stock has a 50-day simple moving average of $0.25 and a 200-day simple moving average of $0.23. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 13.66.

Getaround (NYSE:GETR) last announced its earnings results on Thursday, March 28th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.15). Getaround had a negative return on equity of 496.56% and a negative net margin of 156.78%. The firm had revenue of $18.74 million for the quarter, compared to the consensus estimate of $19.48 million. As a group, analysts predict that Getaround, Inc. will post -0.86 EPS for the current year.

Institutional Trading of Getaround

A hedge fund recently bought a new stake in Getaround stock. Madrona Venture Group LLC acquired a new stake in shares of Getaround, Inc. (NYSE:GETR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 506,342 shares of the company’s stock, valued at approximately $177,000. Getaround comprises about 0.1% of Madrona Venture Group LLC’s investment portfolio, making the stock its 5th largest position. Hedge funds and other institutional investors own 59.64% of the company’s stock.

About Getaround

Getaround, Inc operates as an online car rental service company for peer-to-peer car sharing. The company operates Getaround, a digital carsharing marketplace, which is accessed through the Getaround app and derives demand from guests who want access to cars nearby 24/7 for various use cases, such as local and long-distance getaways, running errands, business travel, and driving to earn through rideshare and delivery platforms.