Market cap of Getaround Inc. [GETR] reaches 56.19M – now what?

Getaround Inc. [NYSE: GETR] price surged by 17.31 percent to reach at $0.09. The company report on April 13, 2023 at 8:22 AM that Getaround Reveals Earth Day Plans to Support Guests’ Wallets and The Planet.

Industry pioneer and world’s first connected carsharing marketplace is offering new U.S. guests up to $100 in savings.

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Getaround (NYSE: GETR), the world’s first connected carsharing marketplace, today announced a special Earth Day promotion that offers new guests in the United States 20% off (up to $20) per trip, which can be used up to five times ($100 value) during the four-week period from April 13 to May 7. The goal is to promote awareness of the environmental benefits of the carsharing business model and help reduce the number of cars on the road, while significantly lessening the emissions of greenhouse gasses (GHGs) and other harmful substances into the environment.

A sum of 9670262 shares traded at recent session while its average daily volume was at 1.88M shares. Getaround Inc. shares reached a high of $0.61 and dropped to a low of $0.4818 until finishing in the latest session at $0.61.

The one-year GETR stock forecast points to a potential upside of 76.36. The average equity rating for GETR stock is currently 1.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Getaround Inc. [GETR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GETR shares is $2.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GETR stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Average True Range (ATR) for Getaround Inc. is set at 0.07, with the Price to Sales ratio for GETR stock in the period of the last 12 months amounting to 0.94. The Price to Book ratio for the last quarter was 0.08, with the Price to Cash per share for the same quarter was set at 0.00.

GETR Stock Performance Analysis:

Getaround Inc. [GETR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 134.62. With this latest performance, GETR shares gained by 94.89% in over the last four-week period, additionally sinking by -93.82% over the last 6 months – not to mention a drop of -93.78% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GETR stock in for the last two-week period is set at 75.10, with the RSI for the last a single of trading hit 86.77, and the three-weeks RSI is set at 60.07 for Getaround Inc. [GETR]. The present Moving Average for the last 50 days of trading for this stock 0.4139, while it was recorded at 0.4529 for the last single week of trading, and 5.5769 for the last 200 days.

Insight into Getaround Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Getaround Inc. [GETR] shares currently have an operating margin of -139.91 and a Gross Margin at -2.80. Getaround Inc.’s Net Margin is presently recorded at -190.37.

Return on Total Capital for GETR is now -64.00, given the latest momentum, and Return on Invested Capital for the company is -89.68. Return on Equity for this stock declined to -182.61, with Return on Assets sitting at -50.56. When it comes to the capital structure of this company, Getaround Inc. [GETR] has a Total Debt to Total Equity ratio set at 1,247.38. Additionally, GETR Total Debt to Total Capital is recorded at 92.58, with Total Debt to Total Assets ending up at 50.28.

Receivables Turnover for the company is 23.13 with a Total Asset Turnover recorded at a value of 0.27.Getaround Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.00 and a Current Ratio set at 0.00.

Getaround Inc. [GETR] Insider Position Details

There are presently around $18 million, or 25.20% of GETR stock, in the hands of institutional investors. The top three institutional holders of GETR stocks are: SB INVESTMENT ADVISERS (UK) LTD with ownership of 21,516,384, which is approximately New of the company’s market cap and around 2.60% of the total institutional ownership; BERYL CAPITAL MANAGEMENT LLC, holding 1,847,424 shares of the stock with an approximate value of $1.13 million in GETR stocks shares; and MAGNETAR FINANCIAL LLC, currently with $0.91 million in GETR stock with ownership of nearly -25.286% of the company’s market capitalization.

Positions in Getaround Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 22 institutional holders increased their position in Getaround Inc. [NYSE:GETR] by around 28,361,444 shares. Additionally, 66 investors decreased positions by around 21,181,243 shares, while 0 investors held positions by with 19,422,938 shares. The mentioned changes placed institutional holdings at 30,119,749 shares, according to the latest SEC report filing. GETR stock had 19 new institutional investments in for a total of 28,322,869 shares, while 63 institutional investors sold positions of 19,455,316 shares during the same period.

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