Is DropCar, Inc. (DCAR) a Sell? The Stock Reaches 1 Year Low Today

June 17, 2018 - By Louis Casey

The stock of DropCar, Inc. (NASDAQ:DCAR) hit a new 52-week low and has $1.36 target or 6.00 % below today’s $1.45 share price. The 9 months bearish chart indicates high risk for the $11.75 million company. The 1-year low was reported on Jun, 17 by Barchart.com. If the $1.36 price target is reached, the company will be worth $705,120 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.36% or $0.02 during the last trading session, reaching $1.45. About 63,964 shares traded. DropCar, Inc. (NASDAQ:DCAR) has declined 71.61% since June 17, 2017 and is downtrending. It has underperformed by 84.18% the S&P500.

More news for DropCar, Inc. (NASDAQ:DCAR) were recently published by: Globenewswire.com, which released: “DropCar Expands to San Francisco” on May 23, 2018. Nasdaq.com‘s article titled: “DropCar Launches Mobility Cloud” and published on June 13, 2018 is yet another important article.

DropCar, Inc. provides app-based automotive logistics and mobility services for clients and the automotive industry. The company has market cap of $11.75 million. The firm offers Vehicle Support Platform, a cloud platform and mobile app that help clients and automotive-related companies in reducing the cost, hassles, and inefficiencies of owning a car or fleet of cars in urban centers. It currently has negative earnings. The Company’s technology platform blends the efficiency and scale of cloud computing, machine learning, and connected cars with the trained drivers to move cars to/from fully staffed, secure garages to/from the people or businesses who own them.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: