Look Past The Setbacks And Give Getaround Inc. (NYSE: GETR) Another Chance

Getaround Inc. (NYSE:GETR) currently has a daily average trading volume of 478.13K but it saw 60441597 shares traded in last market. With a market cap of 21.90M USD, the company’s current market price of $0.23 came rising about 15.93 while comparing to the previous closing price of $0.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.70 and as low as $0.14.

Taking a look at 20-day trading activity of Getaround Inc. (GETR) gives us an average price of $0.2319, while its current price level is -66.43% below from 52-week high level whereas it is 70.29% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.2556 while that of 200 days or SMA-200 reads an average of $0.2951. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.57% during that period while stretching the period over a month that decreases to 11.16%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.45 which implies that the stock is in neutral territory.

Over the week, GETR’s stock price is moving 12.44% up while it is -11.39% when we observe its performance for the past one month.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.58 beaten by the consensus estimate of -0.42 for the same. In next quarter, company is expected to be making quarterly sales of $31.67M as analysts are expecting the sales for current fiscal year at $129.78M and seeing the company making $169.69M in sales next year. Moreover, analysts are in estimates of $30.76M for current-quarter revenue.

Currently, Getaround Inc.’s total number of outstanding shares is 92.83M. Company’s return on investment (ROI) stands at -186.20% and return on equity (ROE) at -313.82%. Stock’s beta reads 1.13. Stock has a price to book (P/B) ratio of 6.99 while price to sale or P/S ratio amounts to 0.30. Its return on asset (ROA) is -62.17% on average.