Technicals Say Getaround Inc. (GETR) Is A Hold

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Getaround Inc. (NYSE:GETR) finished Wednesday with a subtraction of -$0.13 to close at $0.54, a downside of -19.07 percent. An average of 716,860 shares of common stock have been traded in the last five days. There was a fall of -$0.4178 in the past week, and it reached a new high 60 times over the past 12 months. The last 20 days have seen an average of 1,198,570 shares traded, while the 50-day average volume stands at 549,696.

GETR stock has decreased by -94.59% in the last month. The company shares reached their 1-month lowest point of $0.5419 on 12/28/22. With the stock rallying to its 52-week high on 12/01/22, shares of the company touched a low of $0.66 and a high of $10.17 in 52 weeks. It has reached a new high 57 times so far this year and lost -94.41% or -$9.1578 in price. In spite of this, the price is down -94.67% from the 52-week high.


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Valuation Metrics

Getaround Inc. (GETR) has a trailing price-to-sales (P/S) ratio at 0.96, the price-to-book (PB) ratio at 0.07.

Financial Health

The quick ratio of Getaround Inc. for the recent quarter was 0.00, and the current ratio was 0.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Getaround Inc.’s return on assets was -0.10%.

Earnings Surprise

At the end of the recent quarter, Getaround Inc.’s stock balance sheet showed total liabilities of 266.78 million. Shareholders own equity worth $32.54 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Getaround Inc. (GETR) price momentum. RSI 9-day as of the close on 28 December was 3.51%, suggesting the stock is oversold, with historical volatility in this time frame at 151.54%.

As of today, GETR’s price is $0.7526 -43.52% or -$0.4178 from its 5-day moving average. GETR is currently trading -94.60% lower than its 20-day SMA and -94.48% lower than its 100-day SMA. However, the stock’s current price level is -94.50% below the SMA50 and -94.43% below the SMA200.

The stochastic %K and %D were 0.14% and 0.24%, respectively, and the average true range (ATR) was 0.3865. With the 14-day stochastic at 0.00% and the average true range at 0.3970, the RSI (14) stands at 3.80%. The stock has reached -0.2151 on the 9-day MACD Oscillator while the 14-day reading was at -1.0636.

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