Analysis of Shift Technologies Inc. (NASDAQ:SFT): Selected Notes

Shift Technologies Inc. (NASDAQ: SFT) closed the day trading at $0.30 down -2.28% from the previous closing price of $0.31. In other words, the price has decreased by -$0.0070 from its previous closing price. On the day, 453948 shares were traded. SFT stock price reached its highest trading level at $0.3200 during the session, while it also had its lowest trading level at $0.2963.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

Ratios:

For a better understanding of SFT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 1.30.

Upgrades & Downgrades

On August 10, 2022, DA Davidson Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $2.50 to $1.50.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.03.

Stock Price History:

Over the past 52 weeks, SFT has reached a high of $5.08, while it has fallen to a 52-week low of $0.29. The 50-Day Moving Average of the stock is 0.5495, while the 200-Day Moving Average is calculated to be 1.1539.

Shares Statistics:

Over the past 3-months, SFT traded about 552.78K shares per day on average, while over the past 10 days, SFT traded about 794.27k shares per day. A total of 82.29M shares are outstanding, with a floating share count of 65.30M. Insiders hold about 7.40% of the company’s shares, while institutions hold 22.20% stake in the company. Shares short for SFT as of Oct 13, 2022 were 12.9M with a Short Ratio of 12.32M, compared to 11.82M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 15.07% and a Short% of Float of 19.77%.

Earnings Estimates

Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of -$0.43 for the current quarter, with a high estimate of -$0.23 and a low estimate of -$0.54, while EPS last year was -$0.48. The consensus estimate for the next quarter is -$0.35, with high estimates of -$0.17 and low estimates of -$0.53.

Analysts are recommending an EPS of between -$1.77 and -$2.38 for the fiscal current year, implying an average EPS of -$2.14. EPS for the following year is -$1.09, with 6 analysts recommending between -$0.37 and -$1.82.

Revenue Estimates

A total of 7 analysts have provided revenue estimates for SFT’s current fiscal year. The highest revenue estimate was $743M, while the lowest revenue estimate was $683.98M, resulting in an average revenue estimate of $711M. In the same quarter a year ago, actual revenue was $636.87M, up 11.60% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $610.76M in the next fiscal year. The high estimate is $764M and the low estimate is $549.6M. The average revenue growth estimate for next year is down -14.10% from the average revenue estimate for this year.