Polished.com Inc. [POL] is -76.53% lower this YTD. Is it still time to buy?

Polished.com Inc. [AMEX: POL] traded at a high on 08/30/23, posting a 8.92 gain after which it closed the day’ session at $0.14. The company report on August 16, 2023 at 9:15 AM that Polished.com Provides Update on Listing Status of Warrants.

Company’s Common Stock Will Continue to Trade on the NYSE American.

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Polished.com Inc. (NYSE American: POL) (“Polished” or the “Company”) today announced that on August 15, 2023 the staff of NYSE Regulation (the “Staff”) of the New York Stock Exchange notified Polished and publicly announced that the Staff determined to commence proceedings to delist the Company’s warrants (the “Warrants”; NYSE American: POL WS), each exercisable for one share of the Company’s common stock, from the NYSE American LLC (“NYSE American”) because they are no longer suitable for listing pursuant to Section 1001 of the NYSE American Company Guide due to their low trading price. In addition, the Staff resolved to suspend trading in the Warrants effective immediately.

The results of the trading session contributed to over 2747702 shares changing hands. Over the past one week, the price volatility of Polished.com Inc. stands at 9.83% while the volatility over the past one month is 15.86%.

The market cap for POL stock reached $14.10 million, with 105.47 million shares outstanding and 102.03 million shares in the current float. Compared to the average trading volume of 3.51M shares, POL reached a trading volume of 2747702 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]?

The Average True Range (ATR) for Polished.com Inc. is set at 0.03, with the Price to Sales ratio for POL stock in the period of the last 12 months amounting to 0.03. The Price to Book ratio for the last quarter was 0.23, with the Price to Cash per share for the same quarter was set at 0.09.

How has POL stock performed recently?

Polished.com Inc. [POL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.36. With this latest performance, POL shares dropped by -32.17% in over the last four-week period, additionally sinking by -79.67% over the last 6 months – not to mention a drop of -81.18% 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 31.85, with the RSI for the last a single of trading hit 33.18, and the three-weeks RSI is set at 33.21 for Polished.com Inc. [POL]. The present Moving Average for the last 50 days of trading for this stock 0.3512, while it was recorded at 0.1260 for the last single week of trading, and 0.5279 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 Total Capital for POL is now 16.80, given the latest momentum, and Return on Invested Capital for the company is 5.97. Return on Equity for this stock inclined to 7.98, with Return on Assets sitting at 3.72. When it comes to the capital structure of this company, Polished.com Inc. [POL] has a Total Debt to Total Equity ratio set at 36.10. Additionally, POL Total Debt to Total Capital is recorded at 26.52, with Total Debt to Total Assets ending up at 19.23. Long-Term Debt to Equity for the company is recorded at 29.75, with the Long-Term Debt to Total Capital now at 21.86.

Receivables Turnover for the company is 27.25 with a Total Asset Turnover recorded at a value of 1.76.Polished.com Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.20.

Insider trade positions for Polished.com Inc. [POL]

The top three institutional holders of POL stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in POL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in POL stock with ownership which is approximately 5.7381%.

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