Polished.com Inc. [AMEX: POL] slipped around -0.54 points on Tuesday, while shares priced at $0.97 at the close of the session, down -35.76%. The company report on August 15, 2022 that Polished.com Provides Second Quarter 2022 Financial and Operational Update.
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Announces Preliminary Second Quarter 2022 Net Sales; Updates Fiscal Year 2022 Guidance.
Polished.com Inc. stock is now -59.58% down from its year-to-date (YTD) trading value. POL Stock saw the intraday high of $1.16 and lowest of $0.97 per share. The company’s 52-week high price is 3.67, which means current price is +0.01% above from all time high which was touched on 01/04/22.
Compared to the average trading volume of 1.00M shares, POL reached a trading volume of 11270133 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Polished.com Inc. [POL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for POL shares is $5.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on POL stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Polished.com Inc. is set at 0.12, with the Price to Sales ratio for POL stock in the period of the last 12 months amounting to 0.20. The Price to Book ratio for the last quarter was 0.49, with the Price to Cash per share for the same quarter was set at 0.25.
How has POL stock performed recently?
Polished.com Inc. [POL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.22. With this latest performance, POL shares dropped by -21.14% in over the last four-week period, additionally sinking by -52.68% over the last 6 months – not to mention a drop of -59.75% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for POL stock in for the last two-week period is set at 35.89, with the RSI for the last a single of trading hit 31.89, and the three-weeks RSI is set at 38.16 for Polished.com Inc. [POL]. The present Moving Average for the last 50 days of trading for this stock 1.2940, while it was recorded at 1.3800 for the last single week of trading, and 1.8010 for the last 200 days.
Polished.com Inc. [POL]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Polished.com Inc. [POL] shares currently have an operating margin of +6.29 and a Gross Margin at +13.82. Polished.com Inc.’s Net Margin is presently recorded at +2.12.
Return on Equity for this stock inclined to 7.98, with Return on Assets sitting at 3.72.
Polished.com Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.20.
Insider trade positions for Polished.com Inc. [POL]
There are presently around $38 million, or 39.00% of POL stock, in the hands of institutional investors. The top three institutional holders of POL stocks are: BRIGHTLIGHT CAPITAL MANAGEMENT LP with ownership of 9,390,000, which is approximately 0.006% of the company’s market cap and around 0.20% of the total institutional ownership; CANNELL CAPITAL LLC, holding 4,981,394 shares of the stock with an approximate value of $4.83 million in POL stocks shares; and VANGUARD GROUP INC, currently with $4.7 million in POL stock with ownership of nearly -0.003% of the company’s market capitalization.
Positions in Polished.com Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 30 institutional holders increased their position in Polished.com Inc. [AMEX:POL] by around 3,492,528 shares. Additionally, 28 investors decreased positions by around 8,263,915 shares, while 16 investors held positions by with 27,250,919 shares. The mentioned changes placed institutional holdings at 39,007,362 shares, according to the latest SEC report filing. POL stock had 6 new institutional investments in for a total of 713,812 shares, while 14 institutional investors sold positions of 6,736,868 shares during the same period.