In the past week, GETR stock has gone up by 1.84%, with a monthly decline of -31.32% and a quarterly plunge of -63.46%. The volatility ratio for the week is 45.25%, and the volatility levels for the last 30 days are 19.12% for Getaround Inc. The simple moving average for the last 20 days is -13.62% for GETR stock, with a simple moving average of -56.05% for the last 200 days.
Is It Worth Investing in Getaround Inc. (NYSE: GETR) Right Now?
Moreover, the 36-month beta value for GETR is 0.68. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price recommended by analysts for Getaround Inc. (GETR) is $1.25, which is $1.07 above the current market price. The public float for GETR is 11.49M and currently, short sellers hold a 1.64% of that float. On November 20, 2023, GETR’s average trading volume was 253.63K shares.
GETR) stock’s latest price update
The stock price of Getaround Inc. (NYSE: GETR) has surged by 32.30 when compared to previous closing price of 0.14, but the company has seen a 1.84% gain in its stock price over the last five trading sessions. PennyStocks reported 2023-05-24 that If you’re looking for the best penny stocks to buy today, you should be well-prepared to deal with high volatility. Whether it’s the latest debt ceiling crisis, pandemic fear reemerging, today’s Fed meeting minutes from May, or speeches by Janet Yellen and Federal Reserve members, there are plenty of headlines to contend with.
GETR Trading at -35.30% from the 50-Day Moving Average
After a stumble in the market that brought GETR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.20% of loss for the given period.
Volatility was left at 19.12%, however, over the last 30 days, the volatility rate increased by 45.25%, as shares sank -28.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -55.22% lower at present.
During the last 5 trading sessions, GETR rose by +1.84%, which changed the moving average for the period of 200-days by -72.06% in comparison to the 20-day moving average, which settled at $0.2079. In addition, Getaround Inc. saw -72.00% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GETR starting from Fahimi Kasra Sy, who purchase 10,000 shares at the price of $1.14 back on Dec 15. After this action, Fahimi Kasra Sy now owns 35,571 shares of Getaround Inc., valued at $11,400 using the latest closing price.
Stock Fundamentals for GETR
Current profitability levels for the company are sitting at:
- -218.17 for the present operating margin
- -21.63 for the gross margin
The net margin for Getaround Inc. stands at -228.85. Equity return is now at value -64.12, with -44.61 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
To wrap up, the performance of Getaround Inc. (GETR) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
