Is Getaround Inc. (NYSE:GETR) being unfairly punished by investors?

The price of Getaround Inc. (NYSE:GETR) shares last traded on Wall Street fell -0.19% to $0.16.

GETR stock price is now -21.76% away from the 50-day moving average and -35.01% away from the 200-day moving average. The market capitalization of the company currently stands at $14.64M.

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A total of 46.93% of the company’s stock is owned by insiders.

During the past 12 months, Getaround Inc. has had a low of $0.14 and a high of $0.69. The fifty day moving average price for GETR is $0.19892 and a two-hundred day moving average price translates $0.240715 for the stock.

The latest earnings results from Getaround Inc. (NYSE: GETR) was released for 2024-03-31. The net profit margin was -155.92% and return on equity was -1007.28% for GETR. The company reported revenue of $17.16 million for the quarter, compared to $11.52 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 48.92 percent.

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