Hello fellow traders and investors, SFT has recently sold off. It offers a 33% ROI to the take-profit area.
Entry: Now
Take Profit: ~9$
Stop Loss: ~6.35$
Technicals:
-RSI=Oversold
-MA's still indicating a downtrend
-Testing a support area
Fundamentals:
-Shift Technologies, Inc. provides online automobile purchasing services. It also provides an end-to-end auto eCommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. The firm operates through the following segments: Retail and Wholesale. The Retail segment represents retail sales of used vehicles through its eCommerce platform and fees earned on sales of value-added products associated with those vehicles sales such as vehicle service contracts, guaranteed asset protection waiver coverage, prepaid maintenance plans, and appearance protection plans. The Wholesale segment represents sales of used vehicles through wholesale auctions or directly to a wholesaler
- Market Cap: 572M
- Sales Last 12 Months: 394M
- P/E: X
- P/S: 1.45
- Debt/Equity: 1.30
- Sales growth Q/Q: 148.20%
- EPS growth Q/Q: -6.30%
- Profit Margin: -26%
- Short Float: 19.43%
If you enjoyed the analysis make sure to like and follow for more! Thanks!
Entry: Now
Take Profit: ~9$
Stop Loss: ~6.35$
Technicals:
-RSI=Oversold
-MA's still indicating a downtrend
-Testing a support area
Fundamentals:
-Shift Technologies, Inc. provides online automobile purchasing services. It also provides an end-to-end auto eCommerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. The firm operates through the following segments: Retail and Wholesale. The Retail segment represents retail sales of used vehicles through its eCommerce platform and fees earned on sales of value-added products associated with those vehicles sales such as vehicle service contracts, guaranteed asset protection waiver coverage, prepaid maintenance plans, and appearance protection plans. The Wholesale segment represents sales of used vehicles through wholesale auctions or directly to a wholesaler
- Market Cap: 572M
- Sales Last 12 Months: 394M
- P/E: X
- P/S: 1.45
- Debt/Equity: 1.30
- Sales growth Q/Q: 148.20%
- EPS growth Q/Q: -6.30%
- Profit Margin: -26%
- Short Float: 19.43%
If you enjoyed the analysis make sure to like and follow for more! Thanks!
Comment:
Note: because there is such a high short float a short squeeze could also occur