Marti Technologies, Inc. (MRT)

NYSEAMERICAN: MRT · Real-Time Price · USD
1.930
-0.040 (-2.03%)
At close: Nov 20, 2024, 4:00 PM
1.960
+0.030 (1.55%)
After-hours: Nov 20, 2024, 5:16 PM EST
-2.03%
Market Cap 113.10M
Revenue (ttm) 18.95M
Net Income (ttm) -42.35M
Shares Out 58.60M
EPS (ttm) -0.68
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 36,089
Open 1.950
Previous Close 1.970
Day's Range 1.930 - 1.975
52-Week Range 0.440 - 2.730
Beta -0.01
Analysts Buy
Price Target 0.90 (-53.37%)
Earnings Date n/a

About MRT

Marti Technologies, Inc. provides tech-enabled urban transportation services to riders in Turkey. It also operates a mobility app that provides multiple transportation services, such as a ride hailing service that matches riders with car, motorcycle, and taxi drivers, as well as operates a fleet of e-mopeds, e-bikes, and e-scooters. In addition, the company offers Super subscriber package, which enables riders to purchase the Marti rides in advance by daily or weekly. The company was founded in 2018 and is headquartered in Istanbul, Turkey. [Read more]

Sector Technology
Founded 2018
Employees 553
Stock Exchange NYSEAMERICAN
Ticker Symbol MRT
Full Company Profile

Financial Performance

In 2023, Marti Technologies's revenue was $20.03 million, a decrease of -19.84% compared to the previous year's $24.99 million. Losses were -$33.81 million, 137.4% more than in 2022.

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
(-53.37% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Marti Releases 2023 Sustainability Report

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, today released its 2023 Sustainability Report. The report hig...

15 days ago - Business Wire

Marti Technologies, Inc. Appoints New Interim Chief Financial Officer

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, today announced that it has appointed Deniz Terlemez as its n...

19 days ago - Business Wire

Morguard Real Estate Investment Trust (MGRUF) Q3 2024 Earnings Call Transcript

Morguard Real Estate Investment Trust (OTC:MGRUF) Q3 2024 Earnings Conference Call October 31, 2024 4:00 PM ET Company Participants Andrew Tamlin - Chief Financial Officer John Ginis - Assistant Vice ...

19 days ago - Seeking Alpha

Marti Announces Amendment to Extend its Share Repurchase Program

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) today announced an amendment to extend its share repurchase pro...

6 weeks ago - Business Wire

Marti Begins Monetizing its Ride-Hailing Service

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app, Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), has begun monetization of its ride-hailing service. As the on...

6 weeks ago - Business Wire

Marti Technologies, Inc. (MRT) Q2 2024 Earnings Call Transcript

Marti Technologies, Inc. (NYSE:MRT) Q2 2024 Earnings Conference Call September 30, 2024 8:30 AM ET Company Participants Oguz Alper Oktem - Founder and Chief Executive Officer Cankut Durgun - Co-Found...

7 weeks ago - Seeking Alpha

Marti Announces 2024 First Half Results

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

7 weeks ago - Business Wire

Marti Technologies, Inc. to Report 2024 First Half Results on September 30, 2024

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti”) (NYSE American: MRT), Türkiye's leading mobility super app, will announce its 2024 first half financial and operational results before the...

7 weeks ago - Business Wire

Marti's Ride-Hailing Service Reaches Over 1,300,000 Riders and Over 205,000 Registered Drivers, Exceeding September 30, 2024 Targets of Over 1,300,000 Riders and Over 190,000 Registered Drivers a Month Earlier Than Planned

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, announced today that as of August 31, 2024, Marti's ride-hail...

2 months ago - Business Wire

Morguard Real Estate Investment Trust (MGRUF) Q2 2024 Earnings Call Transcript

Morguard Real Estate Investment Trust (OTC:MGRUF) Q2 2024 Earnings Call August 1, 2024 4:00 PM ET Company Participants Rai Sahi - Chairman and Chief Executive Officer Andrew Tamlin - Chief Financial O...

3 months ago - Seeking Alpha

Marti's Ride-Hailing Service Reaches Over 1,100,000 Riders and Over 170,000 Registered Drivers, Exceeding June 30, 2024 Targets of Over 1,000,000 Riders and Over 165,000 Registered Drivers

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 ...

5 months ago - Business Wire

Marti's Ride-Hailing Service Reaches Over 925,000 Riders and Over 155,000 Registered Drivers, Exceeding June 30, 2024 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 ...

6 months ago - Business Wire

Marti Technologies, Inc. Appoints New Chief Financial Officer

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye's leading mobility super app, today announced that it has appointed Oguz Erkan as its new C...

6 months ago - Business Wire

Morguard Real Estate Investment Trust (MGRUF) Q1 2024 Earnings Call Transcript

Morguard Real Estate Investment Trust (OTC:MGRUF) Q1 2024 Earnings Conference Call May 2, 2024 4:00 PM ET Company Participants Andrew Tamlin - Chief Financial Officer Conference Call Participants Jona...

7 months ago - Seeking Alpha

Marti Announces Amendment to 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 an amendment to its share repurchase program. O...

7 months ago - Business Wire

Marti's Ride-Hailing Service Reaches Over 788,000 Riders and Over 145,000 Registered Drivers

ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT) has hit over 788,000 unique riders and over 145,000 registered ...

7 months ago - Business Wire

Marti Technologies, Inc. (MRT) Q4 2023 Earnings Call Transcript

Marti Technologies, Inc. (NYSE:MRT) Q4 2023 Earnings Call Transcript April 16, 2024 8:30 AM ET Company Participants Oguz Alper Oktem - Founder and CEO Cankut Durgun - Co-Founder and President Confere...

7 months ago - Seeking Alpha

Marti Announces Full Year 2023 Results

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

7 months ago - Business Wire

Marti Technologies, Inc. to Report Full Year 2023 Results on April 16, 2024

ISTANBUL--(BUSINESS WIRE)--Marti Technologies, Inc. (“Marti”) (NYSE American: MRT), Türkiye's leading mobility super app, will announce its full year 2023 financial and operational results before the ...

7 months ago - Business Wire

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...

9 months ago - Business Wire

Morguard Real Estate Investment Trust (MGRUF) Q4 2023 Earnings Call Transcript

Morguard Real Estate Investment Trust (MGRUF) Q4 2023 Earnings Call Transcript

9 months ago - Seeking Alpha

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...

10 months 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...

10 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...

11 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...

11 months ago - Business Wire