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The Chart for Shift Technologies Inc. (SFT) Is Flashing Mixed Signals

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Shift Technologies Inc. (NASDAQ:SFT) went down by -4.93% from its latest closing price compared to the recent 1-year high of $10.90. The company’s stock price has collected -6.17% of loss in the last five trading sessions. Press Release reported on 12/13/21 that Shift Technologies Announces New $100 million Floorplan Facility

Is It Worth Investing in Shift Technologies Inc. (NASDAQ :SFT) Right Now?

Opinions of the stock are interesting as 10 analysts out of 12 who provided ratings for Shift Technologies Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $10.80, which is $7.31 above the current price. SFT currently public float of 59.80M and currently shorts hold a 27.06% ratio of that float. Today, the average trading volume of SFT was 3.17M shares.

SFT’s Market Performance

SFT stocks went down by -6.17% for the week, with a monthly drop of -19.27% and a quarterly performance of -57.56%, while its annual performance rate touched -66.00%. The volatility ratio for the week stands at 8.89% while the volatility levels for the past 30 days are set at 8.94% for Shift Technologies Inc.. The simple moving average for the period of the last 20 days is -11.97% for SFT stocks with a simple moving average of -58.90% for the last 200 days.

Analysts’ Opinion of SFT

JP Morgan, on the other hand, stated in their research note that they expect to see SFT reach a price target of $12. The rating they have provided for SFT stocks is “Overweight” according to the report published on October 05th, 2021.

Truist gave a rating of “Buy” to SFT, setting the target price at $12 in the report published on September 10th of the previous year.

SFT Trading at -37.20% 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 -73.49% of loss for the given period.

Volatility was left at 8.94%, however, over the last 30 days, the volatility rate increased by 8.89%, as shares sank -17.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -59.47% lower at present.

During the last 5 trading sessions, SFT fell by -6.17%, which changed the moving average for the period of 200-days by -64.14% in comparison to the 20-day moving average, which settled at $3.25. In addition, Shift Technologies Inc. saw -15.25% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SFT starting from Arison George, who purchase 10,008 shares at the price of $7.12 back on May 27. After this action, Arison George now owns 3,006,754 shares of Shift Technologies Inc., valued at $71,216 using the latest closing price.

Russell Tobias, the See Remarks of Shift Technologies Inc., purchase 10,000 shares at $7.08 during a trade that took place back on May 27, which means that Russell Tobias is holding 3,063,781 shares at $70,800 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. Equity return is now at value -66.00, with -33.60 for asset returns.

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.

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When we switch over and look at the enterprise to sales, we see a ratio of 0.05, 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.

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