Poshmark Inc. (POSH) Price Target: Is It Set To Rise Or Fall In Price?

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Poshmark Inc. (NASDAQ:POSH) traded with a subtraction of $0.0 to close at $17.88 on Friday, a downside of 0.00 percent. An average of 651,868 shares of common stock have been traded in the last five days. There was a gain of $0.02 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 699,127 shares traded, while the 50-day average volume stands at 1,145,649.

POSH stock has increased by 0.34% in the last month. The company shares reached their 1-month lowest point of $17.80 on 12/02/22. With the stock rallying to its 52-week high on 10/06/22, shares of the company touched a low of $8.97 and a high of $17.92 in 52 weeks. It has reached a new high 2 times so far this year and achieved 4.99% or $0.85 in price. In spite of this, the price is down -0.22% from the 52-week high.


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Insider Transactions

POSH stock investors should be aware that Poshmark Inc. (POSH) stock had its last reported insider trading activity 28 days ago on Dec 02. In this transaction, the insider spent $49,345. Chief Operating Officer, McDonald John Michael, disposed of 7,030 shares at a price of $17.81 on Dec 02. The insider now owns more than $125,232 worth of shares. Prior to that, Chief Operating Officer McDonald John Michael went on to Sale 4,034 shares at $17.66 each on Oct 04. An amount of $71,220 was transacted.

Valuation Metrics

Poshmark Inc. (POSH) has a trailing price-to-sales (P/S) ratio at 4.02, the price-to-book (PB) ratio at 3.55.

Financial Health

The quick ratio of Poshmark Inc. for the three months ended September 29 was 2.70, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $274.15 million compared to revenue of $326.01 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Poshmark Inc.’s return on assets was -12.00%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$23.54 million in the quarter, while revenues of -$22.88 million were grew 69.41%. The analyst consensus anticipated Poshmark Inc.’s latest quarter earnings to come in at -$0.28 per share, but it turned out to be -$0.3, a -7.10% surprise. For the quarter, EBITDA amounted to -$23.27 million. Shareholders own equity worth $79.22 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Poshmark Inc. (POSH) price momentum. RSI 9-day as of the close on 29 December was 67.96%, suggesting the stock is Neutral, with historical volatility in this time frame at 0.57%.

As of today, POSH’s price is $17.88 +0.11% or $0.02 from its 5-day moving average. POSH is currently trading +0.34% higher than its 20-day SMA and +46.20% higher than its 100-day SMA. However, the stock’s current price level is +1.07% above the SMA50 and +44.54% above the SMA200.

The stochastic %K and %D were 70.83% and 70.44%, respectively, and the average true range (ATR) was 0.03. With the 14-day stochastic at 75.00% and the average true range at 0.04, the RSI (14) stands at 66.73%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.02.

Analyst Ratings

Barclays downgraded Poshmark Inc. (NASDAQ: POSH) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Poshmark Inc. (POSH) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell POSH, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is POSH’s price target for the next 12 months?

Analysts predict a range of price targets between $12.00 and $18.00, with a median target of $17.70. Taking a look at these predictions, the average price target given by analysts for Poshmark Inc. (POSH) stock is $16.82.

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