Stock FAQs

why is sft stock down

by Evangeline Russel Published 3 years ago Updated 2 years ago
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What happened. Shares of used-car e-commerce platform Shift Technologies ( SFT -3.57% ) plunged on Monday after the company announced a substantial convertible debt offering. As of 10:45 a.m. EDT today, the stock was down 15% and is now 55% down from its 52-week high.May 24, 2021

Where can I buy shares of SFT?

May 24, 2021 · Shares of used-car e-commerce platform Shift Technologies ( SFT -3.65% ) plunged on Monday after the company announced a substantial convertible debt offering. As of 10:45 a.m. EDT today, the stock...

What is the upside for shift technologies (shift) stock?

Why is this down so much? Can't be just shorts! Reply Replies (2) 4 1. G. Ghedo. ... Of course, for the moment SFT is a great stock for the shorts, but that will change over time when more people ...

Does shift technologies boast high insider ownership?

Apr 11, 2022 · Real-time trade and investing ideas on SHIFT TECHNOLOGIES, INC. SFT from the largest community of traders and investors.

Where is shift technologies (SFT) based?

May 25, 2021 · The Leader for Cryptocurrency Tracking and Tax Reporting (790K+ Active Users)

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Is SFT stock a good buy?

Out of 6 analysts, 3 (50%) are recommending SFT as a Strong Buy, 1 (16.67%) are recommending SFT as a Buy, 2 (33.33%) are recommending SFT as a Hold, 0 (0%) are recommending SFT as a Sell, and 0 (0%) are recommending SFT as a Strong Sell. What is SFT's earnings growth forecast for 2022-2024?

Is SFT undervalued?

SFT fair value SFT ($1.85) is significantly undervalued... subscribe to Premium to read more.

Why is shift technologies down?

Shift Technologies reported strong Q3 earnings results. Yet, sellers have taken the stock down 30% post-earnings. The most likely cause of the severe weakness appears to be overhang from an expired lock-up period and the prospect of absorbing a massive percentage of outstanding shares.Nov 30, 2021

How much debt does SFT have?

US$227.587mDebt Level: SFT's net debt to equity ratio (59.7%) is considered high....Debt to Equity History and Analysis.Dec 30 2021debtUS$227.587mequityUS$75.272m 302.4%

Is Carvana a shift?

As an online used car retailer, Shift is similar to larger, publicly traded Carvana, but Shift's business model is somewhat different. For example, while Carvana focuses only on newer used cars—typically up to 2 or 3 years old—Shift sells vehicles up to 10 years old, Arison says.May 7, 2019

Is shift technology a good company?

Shift Technology Reviews FAQs Is Shift Technology a good company to work for? Shift Technology has an overall rating of 3.9 out of 5, based on over 55 reviews left anonymously by employees. 68% of employees would recommend working at Shift Technology to a friend and 58% have a positive outlook for the business.Mar 29, 2022

Is Shift stock a buy?

Shift Technologies has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Is Shift Technologies a SPAC?

As of 2019, Shift has raised approximately $300 million, a mix of debt and equity. In June 2020, Shift announced that it would engage in a merger with a special purpose acquisition company (SPAC) called Insurance Acquisition Corp., then a public company listed on the Nasdaq under the ticker symbol INSU.

What is the meaning of SFT?

STATEMENT OF FINANCIAL TRANSACTIONPage 1. [As amended by Finance Act, 2021] UNDERSTANDING STATEMENT OF FINANCIAL TRANSACTION (SFT) To keep a watch on high value transactions undertaken by the taxpayer, the Income-tax Law has framed the concept of statement of financial transaction or reportable account.

Is Shift Technologies a buy right now?

What stocks does MarketBeat like better than Shift Technologies?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shift Technologies in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock.

When is Shift Technologies' next earnings date?

Wall Street analysts have given Shift Technologies a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Shift Technologies wasn't one of them.

How were Shift Technologies' earnings last quarter?

Shift Technologies is scheduled to release its next quarterly earnings announcement on Thursday, November 11th 2021.#N#View our earnings forecast for Shift Technologies.

What guidance has Shift Technologies issued on next quarter's earnings?

Shift Technologies, Inc. (NASDAQ:SFT) released its quarterly earnings results on Wednesday, May, 12th. The company reported ($0.55) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.43) by $0.12. The business had revenue of $106 million for the quarter, compared to analysts' expectations of $94.27 million.

What price target have analysts set for SFT?

Shift Technologies updated its FY 2021 earnings guidance on Tuesday, September, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $575 million-$595 million, compared to the consensus revenue estimate of $595.00.

Who are some of Shift Technologies' key competitors?

9 brokerages have issued 12-month target prices for Shift Technologies' stock. Their forecasts range from $12.00 to $18.00. On average, they expect Shift Technologies' share price to reach $14.75 in the next twelve months.

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