Marti Technologies, Inc. (MRT)

NYSEAMERICAN: MRT · IEX Real-Time Price · USD
1.700
-0.020 (-1.16%)
Jul 22, 2024, 12:01 PM EDT - Market open
-1.16%
Market Cap 96.07M
Revenue (ttm) 20.03M
Net Income (ttm) -33.82M
Shares Out 57.36M
EPS (ttm) -0.67
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 55,213
Open 1.680
Previous Close 1.720
Day's Range 1.670 - 1.710
52-Week Range 0.440 - 2.030
Beta -0.05
Analysts Buy
Price Target 0.90 (-47.06%)
Earnings Date Aug 8, 2018

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, MRT's revenue was $20.03 million, a decrease of -19.84% compared to the previous year's $24.99 million. Losses were -$33.82 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
(-47.06% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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 ...

21 days 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 ...

2 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...

2 months ago - Business Wire

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...

3 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 ...

3 months ago - Business Wire

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...

3 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 ...

3 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...

5 months 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...

6 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...

6 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...

6 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...

7 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...

7 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...

7 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 ...

7 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...

8 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 ...

8 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...

9 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...

9 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...

10 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...

10 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...

11 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...

1 year ago - Business Wire