Shift Technologies Inc. (NASDAQ:SFT) went up by 3.49% from its latest closing price compared to the recent 1-year high of $14.91. The company’s stock price has collected 5.95% of gains in the last five trading sessions. Press Release reported 14 hours ago that Shift Begins Buying Cars from Consumers in Las Vegas
Is It Worth Investing in Shift Technologies Inc. (NASDAQ :SFT) Right Now?
Opinions of the stock are interesting as 6 analysts out of 7 who provided ratings for Shift Technologies Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $12.67, which is $3.43 above the current price. SFT currently public float of 62.92M and currently shorts hold a 9.62% ratio of that float. Today, the average trading volume of SFT was 1.63M shares.
SFT’s Market Performance
SFT stocks went up by 5.95% for the week, with a monthly jump of 4.34% and a quarterly performance of 7.75%, while its annual performance rate touched -10.55%. The volatility ratio for the week stands at 5.93% while the volatility levels for the past 30 days are set at 5.60% for Shift Technologies Inc.. The simple moving average for the period of the last 20 days is 10.70% for SFT stocks with a simple moving average of -8.43% for the last 200 days.
Analysts’ Opinion of SFT
The Benchmark Company, on the other hand, stated in their research note that they expect to see SFT reach a price target of $13. The rating they have provided for SFT stocks is “Buy” according to the report published on March 09th, 2021.
DA Davidson gave a rating of “Buy” to SFT, setting the target price at $13 in the report published on January 25th of the current year.
SFT Trading at 4.97% from the 50-Day Moving Average
After a stumble in the market that brought SFT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.31% of loss for the given period.
Volatility was left at 5.60%, however, over the last 30 days, the volatility rate increased by 5.93%, as shares surge +5.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.82% lower at present.
During the last 5 trading sessions, SFT rose by +5.95%, which changed the moving average for the period of 200-days by -20.89% in comparison to the 20-day moving average, which settled at $8.06. In addition, Shift Technologies Inc. saw 7.62% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at SFT starting from Foy Sean, who purchase 12,500 shares at the price of $8.10 back on Nov 25. After this action, Foy Sean now owns 138,301 shares of Shift Technologies Inc., valued at $101,225 using the latest closing price.
Arison George, the See Remarks of Shift Technologies Inc., purchase 15,000 shares at $6.72 during a trade that took place back on Nov 23, which means that Arison George is holding 758,542 shares at $100,764 based on the most recent closing price.
Stock Fundamentals for SFT
Current profitability levels for the company are sitting at:
- -38.96 for the present operating margin
- +3.91 for the gross margin
The net margin for Shift Technologies Inc. stands at -30.22. The total capital return value is set at -38.35, while invested capital returns managed to touch -30.82.
Based on Shift Technologies Inc. (SFT), the company’s capital structure generated 5.85 points at debt to equity in total, while total debt to capital is 5.52.
When we switch over and look at the enterprise to sales, we see a ratio of -0.32, with the company’s debt to enterprise value settled at -0.22. The receivables turnover for the company is 46.46 and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.34.