MRT
MRT 1-star rating from Upturn Advisory

Marti Technologies Inc. (MRT)

Marti Technologies Inc. (MRT) 1-star rating from Upturn Advisory
$2.56
Last Close (24-hour delay)
Profit since last BUY-0.78%
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BUY since 2 days
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Upturn Advisory Summary

11/05/2025: MRT (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

1 star rating from financial analysts

4 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $5

1 Year Target Price $5

Analysts Price Target For last 52 week
$5 Target price
52w Low $1.88
Current$2.56
52w High $3.89

Analysis of Past Performance

Type Stock
Historic Profit -28.23%
Avg. Invested days 24
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/05/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 195.20M USD
Price to earnings Ratio -
1Y Target Price 5
Price to earnings Ratio -
1Y Target Price 5
Volume (30-day avg) 4
Beta 0.32
52 Weeks Range 1.88 - 3.89
Updated Date 11/7/2025
52 Weeks Range 1.88 - 3.89
Updated Date 11/7/2025
Dividends yield (FY) -
Basic EPS (TTM) -1.13

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -290.07%
Operating Margin (TTM) -87.52%

Management Effectiveness

Return on Assets (TTM) -177.8%
Return on Equity (TTM) 85.43%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 263392375
Price to Sales(TTM) 7.94
Enterprise Value 263392375
Price to Sales(TTM) 7.94
Enterprise Value to Revenue 10.72
Enterprise Value to EBITDA -7.88
Shares Outstanding 78708475
Shares Floating 32288727
Shares Outstanding 78708475
Shares Floating 32288727
Percent Insiders 49.93
Percent Institutions 9.56

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Marti Technologies Inc.

Marti Technologies Inc.(MRT) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Marti Technologies Inc. (MRTI) was founded in 2018 and is based in Turkey. It provides a mobility app, offering ride-hailing services using e-scooters, e-mopeds, and e-bikes. Initially, the company focused on Turkey but has been expanding internationally.

Company business area logo Core Business Areas

  • Micromobility Services: Offers on-demand e-scooters, e-mopeds, and e-bikes for short-distance travel. This includes rental and operational management of these vehicles.
  • Ride-Hailing App: Provides a user-friendly application for locating, unlocking, and paying for micromobility vehicles.
  • Advertising: Generating additional income by offering advertisement on the app.

leadership logo Leadership and Structure

The leadership team includes executives with backgrounds in technology, operations, and finance. The company structure is organized to support its operational needs in multiple cities and countries.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • E-Scooter Rentals: E-scooter rentals form the core business, providing users with a convenient and eco-friendly transportation option. Market share data is difficult to pinpoint precisely across all global markets where they operate, but they are a significant player in Turkey and expanding into other regions. Competitors include Bird, Lime, and local micromobility providers.
  • E-Moped Rentals: Electric moped rentals cater to users needing slightly longer distances than scooters. Market share data for e-mopeds is less readily available. Competitors include companies offering shared moped services and traditional scooter rentals.
  • E-Bike Rentals: Electric bike rentals provides another micromobility option for longer trips. Competitors include companies offering shared e-bike services and traditional bicycle rentals.

Market Dynamics

industry overview logo Industry Overview

The micromobility industry is growing rapidly, driven by increasing urbanization, environmental concerns, and the desire for convenient transportation alternatives. However, it faces challenges related to regulations, safety, and infrastructure.

Positioning

Marti Technologies Inc. is positioning itself as a leading micromobility provider, focusing on expanding its geographic reach and improving its technology platform. It faces competition from established players and new entrants.

Total Addressable Market (TAM)

The global micromobility market is estimated to reach hundreds of billions of dollars in the coming years. Marti Technologies Inc. is positioned to capture a portion of this market through geographic expansion and service diversification.

Upturn SWOT Analysis

Strengths

  • Strong presence in Turkey
  • Diverse micromobility options (e-scooters, e-mopeds, e-bikes)
  • Technology platform for ride-hailing and fleet management
  • Brand recognition in key markets

Weaknesses

  • Limited geographic diversification
  • Dependence on regulatory approvals
  • Profitability challenges in a competitive market
  • Potential for vandalism and theft of vehicles

Opportunities

  • Geographic expansion into new markets
  • Partnerships with municipalities and transportation providers
  • Development of new micromobility solutions
  • Integration with public transportation systems

Threats

  • Intense competition from established players
  • Changing regulations and safety standards
  • Economic downturn impacting consumer spending
  • Seasonal fluctuations in demand

Competitors and Market Share

Key competitor logo Key Competitors

  • Lime (None)
  • Bird (None)
  • Spin (None)

Competitive Landscape

Marti Technologies Inc. competes with larger, more established players in the micromobility industry. Its strengths include its presence in Turkey and its diverse range of vehicle options. Its weaknesses include its limited geographic diversification and profitability challenges.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been focused on expanding its presence within Turkey and launching in new international markets.

Future Projections: Future growth is projected to be driven by geographic expansion, increased adoption of micromobility solutions, and partnerships with municipalities.

Recent Initiatives: Recent initiatives include launching in new cities, expanding its fleet of vehicles, and enhancing its technology platform.

Summary

Marti Technologies Inc. is a growing micromobility provider with a strong presence in Turkey. It is expanding into new markets and offering a diverse range of vehicle options. However, it faces intense competition and profitability challenges. The company needs to continue to innovate and expand its geographic reach to succeed in the long term. Marti Technologies Inc. has a large runway for growth, but must focus on key metrics to improve performance.

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Sources and Disclaimers

Data Sources:

  • Company website
  • Press releases
  • Industry reports
  • Financial news sources

Disclaimers:

This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Market share estimates are approximate.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries 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
Full time employees 442

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.