The Vanguard Group, Inc. has recently announced that it has increased stake in Getaround Inc. (NYSE:GETR) by 181.58%. After grabbing 0.47 million shares, the institutional investor is now in possession of 0.3 million shares of the Technology Company. The new investment brought the stake of investor firm to 0.50% having worth around $0.11 million. Moreover, Alyeska Investment Group LP increased its share by 0.33 million to have a control over 0.33 million shares. And Lumyna Investments Ltd. raised its holdings to 11371.0 shares by acquiring 0.32 million shares or 0.35% of the stake.
Getaround Inc. (GETR) concluded trading on Wednesday at a closing price of $0.32, with 259.89 million shares of worth about $83.16 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -41.08% during that period and On Wednesday, January 24 the price saw a gain of about 76.28%. Currently the company’s common shares owned by public are about 92.09M shares, out of which, 41.52M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Lumyna – MW TOPS UCITS Fund are the top 3 mutual funds which are holding stakes in Getaround Inc. Vanguard Extended Market Index Fu is currently holding 0.47 million shares of worth totaling $0.11 million. The company recently came buying 0.0 shares which brought its stake up to 0.51% of the company’s outstanding shares. Lumyna – MW TOPS UCITS Fund, after buying 0.15 million shares, have now control over 0.16% of the stake in the company. It holds 0.0 shares of worth $35721.0.
However, the stock later moved at a day high price of 0.5566, or with a gain of 76.28%. Stock saw a price change of 91.26% in past 5 days and over the past one month there was a price change of 43.05%. Year-to-date (YTD), GETR shares are showing a performance of 37.87% which decreased to -50.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.14 but also hit the highest price of $0.81 during that period. The average intraday trading volume for Getaround Inc. shares is 3.66 million. The stock is currently trading 63.41% above its 20-day simple moving average (SMA20), while that difference is up 70.52% for SMA50 and it goes to -8.67% lower than SMA200.
The Vanguard Group, Inc. acquired 0.47 million shares of Getaround Inc. having value of about $0.11 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.3 million shares in the company valued at close to $96619.84, or have control over 181.58% stake in the company. Getaround Inc. (NYSE: GETR) currently have 92.09M outstanding shares and institutions hold larger chunk of about 4.17% of that. Holding of mutual funds in the company is about 10.64% while other institutional holders and individual stake holders have control over 2.70% and 1.47% of the stake respectively.
The stock has a current market capitalization of $30.14M and its 3Y-monthly beta is at 0.90. It has posted earnings per share of -$1.25 in the same period. It has Quick Ratio of 0.40 while making debt-to-equity ratio of 6.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GETR, volatility over the week remained 22.87% while standing at 13.52% over the month.
Analysts are in expectations that Getaround Inc. (GETR) stock would likely to be making an EPS of -$0.43 in the current quarter, while forecast for next quarter EPS is -$0.46 and it is -$1.08 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.52 which is -$0.35 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 41.30% while it is estimated to increase by 21.30% in next year.
