Getaround, Inc. (NYSE:GETR – Get Free Report)’s share price fell 4.2% on Wednesday . The company traded as low as $0.25 and last traded at $0.25. 139,492 shares traded hands during trading, a decline of 97% from the average session volume of 4,538,211 shares. The stock had previously closed at $0.26.
Getaround Stock Down 4.2 %
The business has a 50-day simple moving average of $0.27 and a two-hundred day simple moving average of $0.24. The company has a debt-to-equity ratio of 13.66, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $23.30 million, a price-to-earnings ratio of -0.20 and a beta of 0.98.
Institutional Trading of Getaround
A number of hedge funds have recently added to or reduced their stakes in GETR. Vanguard Group Inc. raised its stake in shares of Getaround by 25.6% during the 4th quarter. Vanguard Group Inc. now owns 588,195 shares of the company’s stock worth $138,000 after buying an additional 119,974 shares in the last quarter. Madrona Venture Group LLC purchased a new position in shares of Getaround during the 3rd quarter worth approximately $177,000. Two Sigma Securities LLC purchased a new position in shares of Getaround during the 2nd quarter worth approximately $26,000. State Street Corp purchased a new position in shares of Getaround during the 2nd quarter worth approximately $27,000. Finally, Geode Capital Management LLC purchased a new position in shares of Getaround during the 2nd quarter worth approximately $182,000. 59.64% of the stock is owned by institutional investors and hedge funds.
Getaround Company Profile
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.
Featured Stories
- Five stocks we like better than Getaround
- 10 Best Airline Stocks to Buy
- Heat Alert: Micron Just Got Named A Must-Own Stock for Q2
- What is a Special Dividend?
- WD-40 Company Greases the Wheels of Growth and Profits
- Dividend Capture Strategy: What You Need to Know
- How to Protect your Portfolio Against a Rising VIX
Receive News & Ratings for Getaround Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Getaround and related companies with MarketBeat.com's FREE daily email newsletter.
