Marti Technologies (NYSEAMERICAN:MRT) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Marti Technologies (NYSEAMERICAN:MRT) had its price target upped by Cantor Fitzgerald from $2.15 to $2.40 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 26.32% from the company’s previous close.

Separately, Roth Mkm set a $4.00 price objective on Marti Technologies in a report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $3.20.

Marti Technologies Stock Performance

Shares of NYSEAMERICAN MRT opened at $1.90 on Tuesday. The business’s 50 day moving average price is $2.06 and its 200-day moving average price is $2.22. Marti Technologies has a fifty-two week low of $1.86 and a fifty-two week high of $3.17.

Marti Technologies (NYSEAMERICAN:MRT) last released its quarterly earnings data on Saturday, May 16th. The company reported ($0.09) EPS for the quarter. The business had revenue of $15.43 million during the quarter. Analysts forecast that Marti Technologies will post -0.19 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Marti Technologies stock. Arbiter Partners Capital Management LLC raised its stake in shares of Marti Technologies, Inc. (NYSEAMERICAN:MRT) by 24.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 286,254 shares of the company’s stock after acquiring an additional 56,319 shares during the quarter. Arbiter Partners Capital Management LLC owned approximately 0.33% of Marti Technologies worth $573,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 20.71% of the company’s stock.

Marti Technologies Company Profile

Marti Technologies Inc is a mobility app, offering multiple transportation services to its riders. Marti operates a ride-hailing service that matches riders with car, motorcycle, and taxi drivers, and operates a large fleet of rental e-mopeds, e-bikes, and e-scooters. All of Marti’s offerings are serviced by proprietary software systems and IoT infrastructure.