Streetbeat News

MRT

Marti Technologies, Inc.

https://www.marti.tech

Industry

Software - Application

Marti Technologies Inc. provides urban transportation services to riders in Turkey. It also operates a mobility app that provides multiple transportation services to its riders; and operates a fleet of e-mopeds, e-bikes, and e-scooters. The company was founded in 2018 and is based in Istanbul, Turkey.

Open

2.00

Mkt cap

114M

Volume

24K

High

2.00

P/E Ratio

-2.76

52-wk high

2.73

Low

1.95

Div yield

N/A

52-wk low

0.44

SIMPPLE Ltd. has announced the sale and deployment of 89 autonomous cleaning robots across three major MRT lines in Singapore, operated by SMRT Trains. This marks the largest robotic fleet in the land transport sector.

Portfolio Pulse from

November 22, 2024 | 1:45 pm

SIMPPLE Ltd. has announced the sale and deployment of 89 autonomous cleaning robots across three major MRT lines in Singapore, operated by SMRT Trains. This marks the largest robotic fleet in the land transport sector.

Portfolio Pulse from

November 22, 2024 | 1:45 pm

Marti Technologies, Inc. (NYSE:MRT) has appointed Deniz Terlemez as the new Interim Chief Financial Officer, effective November 1, 2024. Terlemez, previously the Finance Director, succeeds Oguz Erkan.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:05 pm

Marti Technologies has extended its share repurchase program for six months, allowing the repurchase of up to $2.5 million in shares. The ceiling price for the buyback has been amended from $3.30 to $5.00 per share.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 10:05 am

Marti reported a 11% year-over-year decline in H1 revenue to $8.4 million, with an adjusted EBITDA loss of $11.3 million. The company holds $9.0 million in cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 11:11 am

Marti Technologies, Inc. (NYSE:MRT) has surpassed its ride-hailing targets a month early, achieving over 1.3 million riders and 205,000 drivers by August 31, 2024. The company has set new targets for September 30, 2024, aiming for 1.35 million riders and 215,000 drivers.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:10 am

The article highlights the performance of various industrial stocks during Thursday's after-market session. Momentus, Nauticus Robotics, Multi Ways Holdings, Li-Cycle Holdings, flyExclusive, and Nuburu saw gains, while JE Cleantech Holdings, Nocera, BioNexus Gene Lab, Marti Technologies, Masco, and Zoomcar Holdings experienced declines.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 8:31 pm

Marti Technologies has appointed Oguz Erkan as its new Chief Financial Officer, effective May 17. Erkan replaces the former CFO, Cem Yasar Ozey. Erkan brings extensive experience from leading finance departments of Turkish subsidiaries of US publicly listed companies, which is expected to aid Marti in its scaling efforts.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 11:03 am

In Friday's after-market session, several industrials stocks saw significant movements. Flux Power Holdings and Microvast Holdings reported their Q3 and Q1 earnings, respectively, leading to stock price increases. Similarly, other companies like JanOne and Marti Techs saw their stock prices rise. Conversely, companies like Forward Air, Pineapple Energy, and Markforged Holding reported their Q1 earnings, resulting in stock price declines. The movements reflect the immediate market reactions to company earnings reports and other factors.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 8:31 pm

Marti Technologies, Inc. (NYSE:MRT) announced an extension of its share repurchase program by 3 months, allowing repurchases up to $2.5 million of its Class A ordinary shares at a ceiling price of $3.30 per share. The program, effective immediately, runs until October 9, 2024, and includes purchases in open-market or privately negotiated transactions. The decision on the timing and amount of repurchases will depend on various factors, including market conditions and the company's liquidity.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:18 pm

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