Shift Technologies Inc. (NASDAQ:SFT) went up by 8.32% from its latest closing price compared to the recent 1-year high of $9.75. The company’s stock price has collected -0.53% of loss in the last five trading sessions. Barron’s reported on 05/12/21 that Used-Car Sellers Vroom and Shift Are Rallying. Sales Soared on Strong Demand.
Is It Worth Investing in Shift Technologies Inc. (NASDAQ :SFT) Right Now?
Opinions of the stock are interesting as 7 analysts out of 12 who provided ratings for Shift Technologies Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $5.11, which is $4.44 above the current price. SFT currently public float of 68.76M and currently shorts hold a 23.76% ratio of that float. Today, the average trading volume of SFT was 1.59M shares.
SFT’s Market Performance
SFT stocks went down by -0.53% for the week, with a monthly drop of -29.05% and a quarterly performance of -74.01%, while its annual performance rate touched -91.62%. The volatility ratio for the week stands at 14.57% while the volatility levels for the past 30 days are set at 9.87% for Shift Technologies Inc. The simple moving average for the period of the last 20 days is -17.95% for SFT stocks with a simple moving average of -79.89% for the last 200 days.
Analysts’ Opinion of SFT
Wells Fargo gave a rating of “Equal Weight” to SFT, setting the target price at $2 in the report published on May 03rd of the current year.
SFT Trading at -40.81% 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 -92.72% of loss for the given period.
Volatility was left at 9.87%, however, over the last 30 days, the volatility rate increased by 14.57%, as shares sank -29.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -64.88% lower at present.
During the last 5 trading sessions, SFT fell by -0.53%, which changed the moving average for the period of 200-days by -91.21% in comparison to the 20-day moving average, which settled at $0.8497. In addition, Shift Technologies Inc. saw -79.19% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SFT
Current profitability levels for the company are sitting at:
- -27.77 for the present operating margin
- +6.78 for the gross margin
The net margin for Shift Technologies Inc. stands at -26.11. Equity return is now at value -200.00, with -48.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.34.