On May 12, 2023, Shift’s stock closed at $1.58, with a 12-month price forecast of $2.50, indicating significant potential for growth. The company went public on the NASDAQ stock exchange in June 2021, and its stock performance has been closely watched by investors. Shift Technologies Inc is an online marketplace for buying and selling used cars. Shift Technologies Inc: A Promising Investment Opportunity with Potential for Growth Overall, SFT had a relatively stable day of trading with no significant changes in stock price. It is important to note that Uphealth Inc (UPH) is also listed with a 0.00% change, but with significantly different financial information. SFT operates within the retail trade sector and specializes in specialty stores. The price/book ratio is also not available (–). The P/E ratio for SFT is not available (NM) and the price/sales ratio is 0.02.
Revenue growth for the company was +5.32% last year. SFT had a growth rate of +6.43% last year and +51.35% this year.
Throughout the day, the stock had a range of $1.48 – $1.67 and a volume of 2,297, which is significantly lower than the average volume of 239,731 over the past three months. On May 12, 2023, SFT stock had a previous close of $1.81 and opened at $1.67. SFT Stock Analysis: Stable Trading Day with Low Volume and Positive Growth Rates Unfortunately, this news caused the company’s shares to trade lower. However, the company also reported revenue of $57.7 million during the same period. On May 12, 2023, Shift Technologies revealed its Q1 financial results, which showed a loss of $48.1 million.
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