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MU   55.41 (+3.28%)
CGC   2.67 (-4.98%)
T   20.99 (-1.50%)
GE   61.16 (-3.75%)
F   11.00 (-2.83%)
DIS   95.27 (-0.90%)
AMC   12.69 (-6.21%)
PFE   50.56 (-3.35%)
PYPL   73.47 (+2.90%)
NFLX   182.55 (+1.44%)
NASDAQ:SFT

Shift Technologies Stock Forecast, Price & News

$0.83
-0.04 (-4.63%)
(As of 07/5/2022 12:27 PM ET)
Add
Compare
Today's Range
$0.77
$0.83
50-Day Range
$0.61
$1.44
52-Week Range
$0.60
$9.75
Volume
37,514 shs
Average Volume
5.74 million shs
Market Capitalization
$70.32 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.89

Shift Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
743.7% Upside
$6.89 Price Target
Short Interest
Bearish
29.82% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.08mentions of Shift Technologies in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($2.06) to ($1.67) Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.17 out of 5 stars

Retail/Wholesale Sector

100th out of 284 stocks

Automotive Dealers & Gasoline Service Stations Industry

8th out of 29 stocks

30 days | 90 days | 365 days | Advanced Chart

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Shift Technologies logo

About Shift Technologies (NASDAQ:SFT) Stock

Shift Technologies, Inc., together with its subsidiaries, provides an ecommerce platform for buying and selling used cars. The company operates in two segments, Retail and Wholesale. It engages in the retail sale of used vehicles through its platform that enables mobile digital transaction, such as at-home car searching, scheduling an on-demand test drive, and purchasing at home or at the preferred site of a test drive, as well as provides financing and services. The company also provides value-added products, such as vehicle service contracts, guaranteed asset protection waiver coverage, wheel and tire coverage, prepaid maintenance plans, and appearance protection plans. In addition, it is involved in the sale of used vehicles through wholesale auctions or directly to a wholesaler. The company was incorporated in 2013 and is headquartered in San Francisco, California.

SFT Stock News Headlines

Shift Technologies Q1 2022 Earnings Preview
Carvana Stock Drops. A Longtime Fan Has Doubts.
See More Headlines

Industry, Sector and Symbol

Industry
Automotive dealers & gasoline service stations
Sub-Industry
N/A
Current Symbol
NASDAQ:SFT
Fax
N/A
Employees
1,037
Year Founded
N/A

Company Calendar

Last Earnings
5/10/2022
Today
7/05/2022
Next Earnings (Estimated)
8/09/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$6.89
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$2.00
Forecasted Upside/Downside
+730.3%
Consensus Rating
Hold
Rating Score (0-4)
2.42857142857143
Research Coverage
7 Analysts

Profitability

Net Income
$-166,270,000.00
Pretax Margin
-24.02%

Debt

Sales & Book Value

Annual Sales
$636.87 million
Book Value
$0.93 per share

Miscellaneous

Free Float
75,085,000
Market Cap
$70.32 million
Optionable
Optionable
Beta
1.49














Shift Technologies Frequently Asked Questions

Should I buy or sell Shift Technologies stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shift Technologies in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Shift Technologies stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SFT, but not buy additional shares or sell existing shares.
View analyst ratings for Shift Technologies
or view top-rated stocks.

What is Shift Technologies' stock price forecast for 2022?

7 Wall Street research analysts have issued 12-month price objectives for Shift Technologies' shares. Their SFT stock forecasts range from $2.00 to $12.00. On average, they anticipate Shift Technologies' stock price to reach $6.89 in the next year. This suggests a possible upside of 730.3% from the stock's current price.
View analysts' price targets for Shift Technologies
or view top-rated stocks among Wall Street analysts.

How has Shift Technologies' stock price performed in 2022?

Shift Technologies' stock was trading at $3.41 on January 1st, 2022. Since then, SFT shares have decreased by 75.7% and is now trading at $0.8297.
View the best growth stocks for 2022 here
.

When is Shift Technologies' next earnings date?

Shift Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our earnings forecast for Shift Technologies
.

How were Shift Technologies' earnings last quarter?

Shift Technologies, Inc. (NASDAQ:SFT) announced its quarterly earnings data on Tuesday, May, 10th. The company reported ($0.70) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.02. The company had revenue of $219.58 million for the quarter, compared to the consensus estimate of $210.19 million. Shift Technologies had a negative net margin of 24.06% and a negative trailing twelve-month return on equity of 201.11%. During the same period in the previous year, the company posted ($0.55) earnings per share.
View Shift Technologies' earnings history
.

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

Shift Technologies updated its FY 2022 earnings guidance on Tuesday, June, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.00 billion-$1.10 billion, compared to the consensus revenue estimate of $1.02 billion.

Who are Shift Technologies' key executives?

Shift Technologies' management team includes the following people:
  • Mr. George Arison, Co-Founder, CEO & Chairman (Age 44, Pay $1.96M) (LinkedIn Profile)
  • Mr. Tobias Russell, Co-Founder, Director & Strategic Advisor (Age 44, Pay $1.96M)
  • Mr. Oded Shein, Chief Financial Officer (Age 60, Pay $1.01M)
  • Mr. Sean Foy, Chief Operating Officer (Age 54, Pay $1.1M)
  • Mr. Jeffrey Clementz, Pres (Age 48)
  • Mr. Christian Ohler, Co-Founder
  • Mr. Jason T. Curtis, Chief Accounting Officer (Age 46)
  • Mr. Karan M. Gupta, Chief Technology Officer (Age 42)
  • Mr. Ryan Lawrence, Gen. Counsel & Corp. Sec. (Age 42)
  • Mr. Josh Pittman, VP of Sales

Who are some of Shift Technologies' key competitors?

What is Shift Technologies' stock symbol?

Shift Technologies trades on the NASDAQ under the ticker symbol "SFT."

How do I buy shares of Shift Technologies?

Shares of SFT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Shift Technologies' stock price today?

One share of SFT stock can currently be purchased for approximately $0.83.

How much money does Shift Technologies make?

Shift Technologies (NASDAQ:SFT) has a market capitalization of $70.32 million and generates $636.87 million in revenue each year. The company earns $-166,270,000.00 in net income (profit) each year or ($2.29) on an earnings per share basis.

How many employees does Shift Technologies have?

Shift Technologies employs 1,037 workers across the globe.

How can I contact Shift Technologies?

Shift Technologies' mailing address is 2929 ARCH STREET SUITE 1703, PHILADELPHIA PA, 19104. The official website for Shift Technologies is shift.com. The company can be reached via phone at 855-575-6739 or via email at ir@shift.com.

This page (NASDAQ:SFT) was last updated on 7/5/2022 by MarketBeat.com Staff

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