Marti Technologies, Inc. (MRT)

NYSEAMERICAN: MRT · IEX Real-Time Price · USD
0.730
-0.037 (-4.78%)
Mar 27, 2024, 4:00 PM EDT - Market closed
-4.78%
Market Cap 38.13M
Revenue (ttm) 34.47M
Net Income (ttm) -25.11M
Shares Out 48.57M
EPS (ttm) -0.32
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 73,624
Open 0.750
Previous Close 0.767
Day's Range 0.720 - 0.770
52-Week Range 0.440 - 17.725
Beta n/a
Analysts Buy
Price Target 0.90 (+23.24%)
Earnings Date Aug 8, 2018

About MRT

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. [Read more]

Sector Technology
Founded 2018
Country Turkey
Stock Exchange NYSEAMERICAN
Ticker Symbol MRT
Full Company Profile

Financial Performance

In 2022, MRT's revenue was $24.99 million, an increase of 46.99% compared to the previous year's $17.00 million. Losses were -$14.25 million, -1.57% less than in 2021.

Financial Statements

Analyst Forecast

According to one analyst, the rating for MRT stock is "Buy" and the 12-month stock price forecast is $0.9.

Price Target
$0.9
(23.24% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Marti Launches Taxi-Hailing Service as Its Sixth Urban Transportation Modality

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) operates car-hailing and motorcycle-hailing services, and a fle...

4 weeks ago - Business Wire

Marti Acquires Zoba's AI-Powered Optimization Platform to Increase Ridership and Reduce Operational Costs

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), and Zoba Inc. (“Zoba”), the world's leader in fleet optimizati...

7 weeks ago - Business Wire

Marti introduces multi-modal subscription packages to increase rider usage and improve the operational efficiency of its two-wheeled electric vehicle business

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) operates a fleet of around forty thousand e-bikes, e-mopeds, an...

2 months ago - Business Wire

Marti Announces up to $2.5M Share Repurchase Program

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced a share repurchase program. The Company's Board...

2 months ago - Business Wire

Marti Announces Completion of Redemption of Outstanding Warrants

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility app, today announced that it completed the redemption of its outstanding...

2 months ago - Business Wire

Marti Announces Expiration and Results of the Offer to Purchase and Consent Solicitation Relating to its Warrants and Issues Notice of Redemption with Respect to its Outstanding Warrants

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility app, today announced that it has successfully completed a tender process...

3 months ago - Business Wire

Marti Warrant Holders Reminded to Tender Warrants Before 12:00 Midnight, Eastern Time on December 19, 2023

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility app, today provided a reminder of its previously announced offer to purc...

3 months ago - Business Wire

Marti's Ride-Hailing Service Reaches Over 452,000 Riders and Over 100,000 Registered Drivers, Once Again Exceeding Revised 2023 Year End Targets Half a Month Earlier Than Planned

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) has once again outperformed its 2023 year end expectations for ...

3 months ago - Business Wire

Marti Announces Commencement of an Offer to Purchase and Consent Solicitation Relating to its Warrants

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility app, today announced that it has commenced an offer to purchase (the “Of...

4 months ago - Business Wire

Marti's Ride Hailing Service Reaches Over 380,000 Riders and Over 90,000 Registered Drivers, Exceeding 2023 Year End Targets a Month and a Half Earlier Than Planned

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app and only multi-modal urban mobility provider, announced today ...

4 months ago - Business Wire

Marti Completes Deployment of 4,000 New Custom Designed E-mopeds Supporting its Sustainability Targets

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, today announced that it has completed the deployment of 4,000...

5 months ago - Business Wire

Marti Technologies, Inc. Announces Chief Financial Officer Transition

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, today announced a transition in its executive leadership team...

5 months ago - Business Wire

Marti Reports 2023 First Half Results; Investing in Scaling Ride-Hailing

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's mobility super app, today announced its financial and operational results for the first h...

5 months ago - Business Wire

Marti Technologies Inc. to Report 2023 First Half Results on October 13, 2023

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, will announce 2023 First Half financial and operational resul...

5 months ago - Business Wire

Marti Releases First Sustainability Report

ISTANBUL--(BUSINESS WIRE)--Marti Technologies Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, offering ride hailing and a large fleet of shared electric two...

7 months ago - Business Wire

Galata and Marti Complete Business Combination

WASHINGTON & ISTANBUL--(BUSINESS WIRE)--Galata Acquisition Corp. (“Galata”), a Cayman Islands exempted company and a former U.S. publicly-listed special purpose acquisition company, today announced th...

9 months ago - Business Wire