Polished.com Inc (AMEX:POL) finished Friday with a subtraction of $0.0 to close at $0.08, an upside of 2.80 percent. An average of 15,787,220 shares of common stock have been traded in the last five days. There was a fall of -$0.0078 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 5,826,190 shares traded, while the 50-day average volume stands at 6,728,138.
POL stock has decreased by -40.49% in the last month. The company shares reached their 1-month lowest point of $0.0780 on 09/28/23. With the stock rallying to its 52-week high on 02/16/23, shares of the company touched a low of $0.08 and a high of $0.86 in 52 weeks. It has reached a new high 4 times so far this year and lost -86.03% or -$0.4970 in price. In spite of this, the price is down -90.60% from the 52-week high.
Financial Health
Polished.com Inc’s EBITDA margin for the year ending March 30 is 8.55%. Its gross profit as reported stood at $89.52 million compared to revenue of $534.47 million.
Earnings Surprise
For the three-month period that ended March 30, Polished.com Inc had $87.07 million in total debt. The company posted a net income of $1.0 million in the quarter, while revenues of -$139.24 million were shrunk -232.0%. The analyst consensus anticipated Polished.com Inc’s latest quarter earnings to come in at $0.04 per share, but it turned out to be $0.06, a 50.00% surprise. For the quarter, EBITDA amounted to $89000.0. Shareholders own equity worth $105.47 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Polished.com Inc (POL) price momentum. RSI 9-day as of the close on 29 September was 35.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 263.63%.
As of today, POL’s price is $0.0906 -8.81% or -$0.0078 from its 5-day moving average. POL is currently trading -42.77% lower than its 20-day SMA and -82.37% lower than its 100-day SMA. However, the stock’s current price level is -84.21% below the SMA50 and -89.59% below the SMA200.
The stochastic %K and %D were 2.85% and 13.26%, respectively, and the average true range (ATR) was 0.0165. With the 14-day stochastic at 4.82% and the average true range at 0.0192, the RSI (14) stands at 33.74%. The stock has reached -0.0113 on the 9-day MACD Oscillator while the 14-day reading was at -0.0168.
Analyst Ratings
The consensus rating for Polished.com Inc (POL) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell POL, while 1 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 POL’s price target for the next 12 months?
Analysts predict a range of price targets between $1.00 and $1.00, with a median target of $1.00. Taking a look at these predictions, the average price target given by analysts for Polished.com Inc (POL) stock is $1.00.
