To quantify how volatile a stock behaves after its earnings announcement we assign each stock an EARNINGS VOLATILITY RATING (EVR).ĮVR ratings range from zero through ten with ten being the highest or most volatile.ĮVR is a weighted average which accurately assesses how sensitive an individual stock is to its earnings announcement.Ībout Us | Site Map | Strategy Testing | Disclaimer | Contact Us |Ĭopyright © 2003-2023 LLC, All Rights Reserved. Historical EVR Chart is not yet available for SFT. Since the EVR formula goes back twelve Earnings Events, those stocks with less history must use a modified EVR formula. *Important Note: An EVR with an asterisk (*) designates a stock that has a special situation which requires an EVR formula modification. Take your money to any of the other juicy squeezing stocks currently.Become an Insider Member to view the detailed report. Instead they’ll be bankrupt within 6 months. I guess it’s possible but nothing is pointing to a pump whatsoever. The options chain is also complete garbage for $SFT They don’t actually own all of their cars outright, only an unclear percentage. Car lingo for interest paid to lender on cars for each month they keep them in their inventory unsold. They are also now paying higher interest rates on their “floor plan”. They also have a ton of cars they overpaid for and are completely underwater on now that the used car market has finally flattened and showing signs of a hard reversal to the downside. ![]() They literally have only 6 months or so left of cash to operate. Shift Technologies (SFT) - Net assets Net assets on the balance sheet as of June 2023 : -0.14 B. America United States Canada Mexico Brazil Chile. I closely followed this stock because I thought they were undervalued relative to their competitors but they have been bleeding money for over a year. companies: 7,960 total market cap: 91.787 T. Anyways sorry about that, can't edit titles □ĭon’t dude. that should have said 2022e revenue not 2021e revenue. Put this gem on your watchlist! It could be a runner □ Up over 8% yesterday and up 7% in the premarket.ĮDIT: Just noticing I fucked up the title. So we could see every projection get a whole lot better moving forward □ Note: Shift has said that all of their prior projections did not include Shift Marketplace. Shift vets the vendors for quality and vendors not adhering to the high standards will be punted from the platform and lose that revenue stream, so they can't drop the ball. At the end of 2021 the company had an Operating Margin of -26.07. This will allow Shift to expand their inventory and scale WITHOUT having to spend the cash on that inventory. According to Shift Technologies's latest financial reports and stock price the company's current Operating Margin is -23.96. Small mom and pop dealerships that don't have the funds to build out a glorious e-commerce fulfilment platform, can list their inventory on and Shift will get a commission from the transactions. With this new marketplace, traditional used car dealerships are able to list their inventories on. Few companies are built and execute this precisely)ĩ months ago, Shift brought on Jeff Clementz as their new President (who was previously a Walmart exec overseeing Walmart's e-commerce marketplace - 3rd party listings on Walmart's website)□ So now Shift is doing the same thing with cars and they have the right the expertise in place to execute.įor 20million they bought Fair Technologies marketplace tech in March and now they've already implemented it in June with over 2,100 vehicles available in it's initial launch of 1 market (Southern California). GAMECHANGER: just launched Shift Marketplace, on schedule just like they said they would □ (they announced acquisition of Fair Technologies' marketplace tech in March of 2022 and they on onboarded Fair's employees and tech, and launched just 3 months later on their own platform. Shift has been heavily shorted along with other spacs as well as Cvna, Vrm, and Lotz. ![]() Market cap of 60m with around 750 TTM revenue and 1.1 billion 2022e revenue. Shift technologies is a used car ecommerce platform. (Feel free to link stats from other sites/apps if you've got them!) ![]() so effectively zero available and cost to borrow is 10.69% (source: fintel.io) At the end of 2023 the company had 16,920,600 shares outstanding. According to Shift Technologies's latest financial reports and stock price the company's current number of shares outstanding is 16,920,600. SFT Days to cover is 8 days❗Short interest % of float is over 24% (other sites say over 30%), shares available to short is down to 500 shares. Number of shares outstanding for Shift Technologies (SFT) Number of shares outstanding as of October 2023 : 16,920,600.
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