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Polished.com Inc. (AMEX: POL) Stock’s Performance and Current Analyst Sentiments

In the latest trading session, 1.37 million Polished.com Inc. (AMEX:POL) shares changed hands as the company’s beta touched 1.86. With the company’s most recent per share price at $0.10 changing hands around $0.0 or -4.63% at last look, the market valuation stands at $10.13M. POL’s current price is a discount, trading about -760.0% off its 52-week high of $0.86. The share price had its 52-week low at $0.10. When we look at Polished.com Inc.’s average trading volume, we note the 10-day average is 2.0 million shares, with the 3-month average coming to 3.98 million.

Analysts gave the Polished.com Inc. (POL) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended POL as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Polished.com Inc.’s EPS for the current quarter is expected to be $0.01.

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Polished.com Inc. (AMEX:POL) trade information

Instantly POL was in red as seen in intraday trades today. With action -10.28%, the performance over the past five days has been red. The drop to weekly highs of 0.1200 on Monday, 09/18/23 subtracted -4.63% to the stock’s daily price. The company’s shares are showing year-to-date downside of -83.23%, with the 5-day performance at -10.28% in the red. However, in the 30-day time frame, Polished.com Inc. (AMEX:POL) is -30.79% down. Looking at the short shares, we see there were 4.0 million shares sold at short interest cover period of 0.44 days.

The consensus price target for the stock as assigned by Wall Street analysts is $1.00, meaning bulls need an upside of 90.0% from its recent market value. According to analyst projections, POL’s forecast low is $1.00 with $1.00 as the target high. To hit the forecast high, the stock’s price needs a -900.0% plunge from its current level, while the stock would need to soar -900.0% for it to hit the projected low.

Polished.com Inc. (POL) estimates and forecasts

Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Polished.com Inc. will fall -90.90%, while the growth in revenue is estimated to hit -66.70% for the next quarter. Year-over-year growth is forecast to reach 39.30% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $87.76 million. 1 analysts are of the opinion that Polished.com Inc.’s revenue for the quarter ending Sep 2022 will be $120 million. The company’s revenue for the corresponding quarters a year ago was $64.07 million and $141.87 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 37.00%. The estimates for the next quarter sales put growth at -15.40%.

The 2023 estimates are for Polished.com Inc. earnings to decrease by -907.20%.

POL Dividends

Polished.com Inc. is expected to release its next quarterly earnings report on August 15.

Polished.com Inc. (AMEX:POL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 6.57% of Polished.com Inc. shares while 28.59% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 30.60%. There are 28.59% institutions holding the Polished.com Inc. stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 5.09% of the shares, roughly 5.37 million POL shares worth $0.52 million.

Praetorian Pr LLC holds the second largest percentage of outstanding shares, with 4.66% or 4.92 million shares worth $0.47 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 3.68 million shares estimated at $0.35 million under it, the former controlled 3.49% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.39% of the shares, roughly 1.47 million shares worth around $0.14 million.

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