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

3.24

Mkt cap

187M

Volume

36K

High

3.32

P/E Ratio

-4.53

52-wk high

3.89

Low

3.23

Div yield

N/A

52-wk low

0.71

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

Marti's ride-hailing service has surpassed 788,000 riders and 145,000 registered drivers. The company has updated its June 30, 2024, unique rider target from 850,000 to 900,000, while keeping its registered driver target at 155,000.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:42 pm

In Friday's after-market session, there were notable movements in the industrials stocks sector. Complete Solaria (CSLR) led the gainers with an 80.0% increase to $0.81, while Erayak Power Solution Gr (RAYA) led the losers with a 6.1% decrease to $0.63. Other notable movements included WANG & LEE Group (WLGS) and Simpple (SPPL) with increases of 8.33% and 7.57% respectively, and Marti Techs (MRT) and Caravelle Intl Gr (CACO) with decreases of 5.29% and 3.85% respectively.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 8:31 pm

Super Micro Computer, Inc. (SMCI) shares fell by 13.2% after the company announced its third-quarter earnings date without providing preliminary estimates, unlike the previous quarter. Other stocks showed significant movement, with notable gainers including Next.e.GO N.V. (EGOX) and Redwoods Acquisition Corp. (RWOD), and losers like Sunshine Biopharma, Inc. (SBFM) and iSpecimen Inc. (ISPC).

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 5:25 pm

In Friday's intraday session, several industrials stocks experienced significant movements. Notably, Complete Solaria (CSLR) surged by 40.7%, while Tritium DCFC (DCFC) plummeted by 62.9%. Other notable movers include Surf Air Mobility (SRFM) and Ault Alliance (AULT) with significant gains, and Professional Diversity (IPDN) and BioNexus Gene Lab (BGLC) among the losers.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 4:31 pm

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