Getaround (NYSE:GETR) Releases Earnings Results, Beats Estimates By $0.06 EPS

Getaround (NYSE:GETR) issued its quarterly earnings data on Monday. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06, Zacks reports. Getaround had a negative net margin of 155.92% and a negative return on equity of 3,722.93%. The business had revenue of $18.58 million during the quarter, compared to analysts’ expectations of $19.52 million.

Getaround Price Performance

Shares of GETR remained flat at $0.07 during mid-day trading on Wednesday. 49,836 shares of the stock were exchanged, compared to its average volume of 2,896,880. The company has a debt-to-equity ratio of 13.66, a quick ratio of 0.43 and a current ratio of 0.43. The stock’s 50-day simple moving average is $0.12 and its 200-day simple moving average is $0.20. Getaround has a fifty-two week low of $0.06 and a fifty-two week high of $0.56. The company has a market cap of $6.61 million, a P/E ratio of -0.05 and a beta of 0.99.

About Getaround

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.