Polished.com Inc. (POL) Performance and Fundamentals Dashboard tells a completely different story

Polished.com Inc. (AMEX: POL) stock jumped 5.02% on Monday to $0.53 against a previous-day closing price of $0.50. With 0.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.65 million shares. During the session, the Specialty Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $0.5350 whereas the lowest price it dropped to was $0.4951. The 52-week range on POL shows that it touched its highest point at $2.35 and its lowest point at $0.42 during that stretch. It currently has a 1-year price target of $4.33.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of POL was down-trending over the past week, with a drop of -3.54%, but this was down by -6.21% over a month. Three-month performance dropped to -6.21% while six-month performance fell -55.87%. The stock lost -74.38% in the past year, while it has lost -9.09% so far this year. A look at the trailing 12-month EPS for POL yields 0.20 with Next year EPS estimates of 0.24. For the next quarter, that number is 0.04. This implies an EPS growth rate of 102.50% for this year and 33.30% for next year.

Float and Shares Shorts:

At present, 106.39 million POL shares are outstanding with a float of 101.33 million shares on hand for trading. On Oct 13, 2022, short shares totaled 11.43 million, which was 10.74% higher than short shares on Sep 14, 2022. In addition to Mr. Ellery W. Roberts as the firm’s Exec. Chairman, Mr. Robert D. Barry CPA, CPA serves as its Interim Chief Financial Officer.

Institutional Ownership:

Through their ownership of 40.20% of POL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.25% of POL, in contrast to 7.66% held by mutual funds. Shares owned by individuals account for 17.95%. As the largest shareholder in POL with 4.72% of the stake, The Vanguard Group, Inc. holds 5,026,599 shares worth 5,026,599. A second-largest stockholder of POL, Morgan Dempsey Capital Management, holds 3,664,650 shares, controlling over 3.44% of the firm’s shares. Brandywine Global Investment Mana is the third largest shareholder in POL, holding 2,947,204 shares or 2.77% stake. With a 3.46% stake in POL, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,683,713 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.38% of POL stock, is the second-largest Mutual Fund holder. It holds 1,466,710 shares valued at 0.85 million. Ballast Small/Mid Cap ETF holds 1.04% of the stake in POL, owning 1,106,403 shares worth 0.64 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for POL since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With POL analysts setting a high price target of $1.00 and a low target of $1.00, the average target price over the next 12 months is $1.00. Based on these targets, POL could surge 88.68% to reach the target high and rise by 88.68% to reach the target low. Reaching the average price target will result in a growth of 88.68% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. POL will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of $0.10 being high and $0.10 being low. For POL, this leads to a yearly average estimate of $0.10. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Polished.com Inc. surprised analysts by -$0.04 when it reported $0.02 EPS against a consensus estimate of $0.06. Based on analyst estimates, the high estimate for the next quarter is $0.02 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.02.

Summary of Insider Activity:

Insiders traded POL stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 69,766 while 0 shares were sold.

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