As of Friday close, Polished.com Inc.’s (AMEX:POL) stock traded at $0.09. The average number of shares traded per day over the past five days has been 3,843,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0215 fall in that time frame. In the last twenty days, the average volume was 2,435,625, while in the previous 50 days, it was 5,187,142.
Since last month, POL stock retreated -31.24%. Shares of the company fell to $0.0852 on 09/22/23, the lowest level in the past month. A 52-week high of $0.86 was reached on 02/16/23 after having rallying from a 52-week low of $0.09. Since the beginning of this year, POL’s stock price has dropped by -84.68% or -$0.4892, and marked a new high 4 times. However, the stock has declined by -89.69% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.93. Besides these, the trailing price-to-sales (P/S) ratio of 0.02, the price-to-book (PB) ratio of 0.15.
Financial Health
In the three months ended March 30, Polished.com Inc.’s quick ratio stood at 0.80, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.43, and the total debt-to-equity ratio was 1.56. On the profitability front, the trailing twelve-month gross margin is 17.80% percent. Based on annual data, POL earned $89.52 million in gross profit and brought in $534.47 million in revenue.
In Polished.com Inc.’s quarter-end financial report for March 30, it reported total debt of $87.07 million. POL’s revenue fell -61.66% to $176.67 million during the quarter, while net income inched up to $87.76 million. While analysts expected Polished.com Inc. to report $0.04 quarterly earnings, the actual figure was $0.06 per share. During the quarter, the company generated $89000.0 in EBITDA. The liabilities of Polished.com Inc. were 188.55 million at the end of its most recent quarter ended March 30, and its total debt was $106.05 million. The value of shareholders’ equity is $105.47 million.
Technical Picture
This quick technical analysis looks at Polished.com Inc.’s (POL) price momentum. With a historical volatility rate of 60.95%, the RSI 9-day stood at 20.28% on 22 September.
With respect to its five-day moving average, the current Polished.com Inc. price is down by -19.55% percent or -$0.0215. At present, POL shares trade -28.46% below its 20-day simple moving average and -80.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately -84.66% below its SMA50 and -88.05% below its SMA200.
Stochastic coefficient K was 7.95% and Stochastic coefficient D was 7.57%, while ATR was 0.0138. Given the Stochastic reading of 7.37% for the 14-day period, the RSI (14) reading has been calculated as 25.67%.
Analyst Ratings
Polished.com Inc. (POL) has been rated Hold by analysts. According to 0 brokerage firms, POL is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Polished.com Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $1.00, the current consensus forecast for the stock is $1.00 – $1.00. Based on these forecasts, analysts predict Polished.com Inc. (POL) will achieve an average price target of $1.00.
