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Poshmark Inc. (NASDAQ:POSH) Shares Are Up 34.81% From The Lows, But Can They Stay Up?

In last trading session, Poshmark Inc. (NASDAQ:POSH) saw 1.02 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $13.76 trading at -$0.29 or -2.06% at ring of the bell on the day assigns it a market valuation of $1.14B. That closing price of POSH’s stock is at a discount of -98.69% from its 52-week high price of $27.34 and is indicating a premium of 34.81% from its 52-week low price of $8.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.66 million shares which gives us an average trading volume of 1.15 million if we extend that period to 3-months.

For Poshmark Inc. (POSH), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.70. Splitting up the data highlights that, out of 13 analysts covering the stock, 0 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 10 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.27 in the current quarter.

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Poshmark Inc. (NASDAQ:POSH) trade information

Upright in the red during last session for losing -2.06%, in the last five days POSH remained trading in the green while hitting it’s week-highest on Thursday, 09/15/22 when the stock touched $13.76 price level, adding 7.9% to its value on the day. Poshmark Inc.’s shares saw a change of -19.20% in year-to-date performance and have moved 0.07% in past 5-day. Poshmark Inc. (NASDAQ:POSH) showed a performance of 23.96% in past 30-days. Number of shares sold short was 4.93 million shares which calculate 3.75 days to cover the short interests.

Poshmark Inc. (POSH) estimates and forecasts

Statistics highlight that Poshmark Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -0.51% of value to its shares in past 6 months, showing an annual growth rate of 24.44% while that of industry is -14.50. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -575.00% in the current quarter and calculating -188.90% decrease in the next quarter. This year revenue growth is estimated to rise 10.50% from the last financial year’s standing.

12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $87.38 million for the same. And 12 analysts are in estimates of company making revenue of $88.18 million in the next quarter that will end on Sep 2022.

POSH Dividends

Poshmark Inc. is more likely to be releasing its next quarterly report between March 09 and March 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Poshmark Inc. (NASDAQ:POSH)’s Major holders

Insiders are in possession of 2.16% of company’s total shares while institution are holding 108.13 percent of that, with stock having share float percentage of 110.51%. Investors also watch the number of corporate investors in a company very closely, which is 108.13% institutions for Poshmark Inc. that are currently holding shares of the company. Temasek Holdings (Private) Limited is the top institutional holder at POSH for having 5.97 million shares of worth $75.6 million. And as of Mar 30, 2022, it was holding 11.15% of the company’s outstanding shares.

The second largest institutional holder is MV Management XI, L.L.C., which was holding about 5.01 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 9.36% of outstanding shares, having a total worth of $50.68 million.

On the other hand, Northern Lights Fd Tr II-Invenomic Fd and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Apr 29, 2022, the former fund manager was holding 1.77 million shares of worth $19.59 million or 3.31% of the total outstanding shares. The later fund manager was in possession of 1.1 million shares on Mar 30, 2022, making its stake of worth around $13.92 million in the company or a holder of 2.05% of company’s stock.

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