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Marti Technologies Inc. (MRT)



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Upturn Advisory Summary
07/01/2025: MRT (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $5.15
1 Year Target Price $5.15
2 | Strong Buy |
1 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -27.67% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 231.02M USD | Price to earnings Ratio - | 1Y Target Price 5.15 |
Price to earnings Ratio - | 1Y Target Price 5.15 | ||
Volume (30-day avg) 4 | Beta 0.37 | 52 Weeks Range 1.32 - 3.89 | Updated Date 07/1/2025 |
52 Weeks Range 1.32 - 3.89 | Updated Date 07/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.25 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -463.53% |
Management Effectiveness
Return on Assets (TTM) -135.61% | Return on Equity (TTM) 85.43% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 226443306 | Price to Sales(TTM) 12.38 |
Enterprise Value 226443306 | Price to Sales(TTM) 12.38 | ||
Enterprise Value to Revenue 12.14 | Enterprise Value to EBITDA -7.88 | Shares Outstanding 76244400 | Shares Floating 31782461 |
Shares Outstanding 76244400 | Shares Floating 31782461 | ||
Percent Insiders 50.83 | Percent Institutions 13.06 |
Analyst Ratings
Rating 1 | Target Price 5.15 | Buy 1 | Strong Buy 2 |
Buy 1 | Strong Buy 2 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Marti Technologies Inc.
Company Overview
History and Background
Marti Technologies, Inc. (MRTI) was founded in 2018. It focuses on providing micro-mobility solutions. Originally based in Turkey, it is expanding globally. Significant milestones include rapid market penetration in Turkey and expansion into other regions after going public in August 2023 by merging with Galata Acquisition Corp.
Core Business Areas
- Micro-Mobility Services: Offers e-scooter and e-moped rentals through its mobile app. Provides short-distance transportation solutions in urban areas.
Leadership and Structure
The company's leadership includes executives with experience in technology, operations, and finance. Information on specific names and organizational structure is generally available in their SEC filings.
Top Products and Market Share
Key Offerings
- E-Scooter Rentals: Provides app-based access to shared e-scooters for short-distance travel. Market share information specifically for MRTI is not readily available. The micromobility market is competitive, with competitors such as Lime, Bird, and Tier in Europe. Revenue is derived from per-minute or per-trip rental fees.
- E-Moped Rentals: Offers electric moped rentals in select markets, catering to longer trips. Market share details are difficult to obtain precisely, varies regionally. Competitors include Revel, and shared moped services from other micromobility companies. Revenue is derived from per-minute or per-trip rental fees.
Market Dynamics
Industry Overview
The micro-mobility industry is growing, driven by urbanization, environmental concerns, and demand for convenient transportation alternatives. The industry is characterized by intense competition and regulatory uncertainty. The market faces challenges related to safety, infrastructure, and profitability.
Positioning
Marti Technologies is positioned as a micro-mobility provider focusing on emerging markets. They seek competitive advantage through geographic focus and operational efficiency.
Total Addressable Market (TAM)
The global micromobility market is projected to reach billions of dollars, with estimates varying depending on sources and assumptions. Marti Technologies is positioned to capture a portion of this TAM through its geographic expansion and service offerings.
Upturn SWOT Analysis
Strengths
- First-mover advantage in some emerging markets
- Established operational infrastructure
- Proprietary technology platform
- Experienced management team in the related Turkish sector
Weaknesses
- Limited brand recognition in global markets
- Dependence on regulatory approvals
- Seasonality affects revenue streams
- Reliance on debt financing
Opportunities
- Expansion into new geographic markets
- Partnerships with cities and transportation agencies
- Development of new micro-mobility solutions
- Integration with public transit systems
Threats
- Intense competition from established players
- Changing regulations and safety concerns
- Vandalism and theft of vehicles
- Economic downturns affecting demand
Competitors and Market Share
Key Competitors
- LIME
- BIRD
- SPRO.V
Competitive Landscape
Marti Technologies competes in a fragmented market with several large players and numerous smaller, regional providers. Their competitive advantage will depend on their ability to execute their strategy and differentiate themselves.
Growth Trajectory and Initiatives
Historical Growth: Historical growth data is limited given the recent IPO, but early performance would be measured in revenue and geographical expansion
Future Projections: Future growth projections would come from analyst reports and company guidance, influenced by market conditions, regulatory changes, and competitive dynamics.
Recent Initiatives: Recent initiatives may involve expanding into new markets, launching new products, or forming strategic partnerships. Details from SEC filings and press releases.
Summary
Marti Technologies operates in the fast-growing micromobility sector, exhibiting a strong initial market presence in Turkey. Expansion efforts will likely be crucial for long-term success. The company faces strong competition from larger, established players and ongoing regulatory uncertainties. Financial performance is nascent, requiring careful monitoring of cash flow and debt management. The lack of dividend history also needs to be considered.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Analyst Reports
- Industry Publications
- Company Press Releases
- Market Research Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share percentages are estimates and may not reflect precise data. The AI-based rating is based on available information and may not be indicative of future performance.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Marti Technologies Inc.
Exchange NYSE | Headquaters - | ||
IPO Launch date 2016-09-29 | Founder, CEO & Chairman Mr. Oguz Alper Oktem | ||
Sector Technology | Industry Software - Application | Full time employees 442 | Website https://www.marti.tech |
Full time employees 442 | Website https://www.marti.tech |
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 driver subscription 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.
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