Empery Asset Management LP recently announced the acquisition of new stake in Polished.com Inc (AMEX:POL). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.08% to 0.11 million shares with purchase of 83.0 shares. This fresh investment now brings its stake to 4.99% valued currently at $0.13 million. In addition, Geode Capital Management LLC raised its holdings by 23.0 to 18583.0 shares. And Group One Trading LP has lifted its position by 203.18% or 4218.0 shares – to 6294.0 shares.
With over 18.94 million Polished.com Inc (POL) shares trading Tuesday and a closing price of $9.18 on the day, the dollar volume was approximately $173.83 million. The shares have shown a negative half year performance of -60.74% and its price on 01/02/24 gained nearly 52.24%. Currently, there are 2.11M common shares owned by the public and among those 2.02M shares have been available to trade.
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Insiders at the company have transacted a total of 1 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 1 of these insider trades were purchases, accounting for 83,011 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Polished.com Inc are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market ETF owns 62182.0 shares of the company’s stock, all valued at over $76484.0. Fidelity Extended Market Index Fu sold 7353.0 shares to bring its total holdings to over 3914.0 shares at a value of $4814.0. Fidelity Extended Market Index Fu now owns shares totaling to 0.19% of the shares outstanding.
Shares of Polished.com Inc (AMEX: POL) opened at $5.80, down -$0.23 from a prior closing price of $6.03. However, the script later moved the day high at 13.00, up 52.24%. The company’s stock has a 5-day price change of 102.20% and 118.57% over the past three months. POL shares are trading 52.24% year to date (YTD), with the 12-month market performance down to -67.92% lower. It has a 12-month low price of $1.06 and touched a high of $42.90 over the same period. POL has an average intraday trading volume of 2.68 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 244.98%, 328.60%, and -33.94% respectively.
Institutional ownership of Polished.com Inc (AMEX: POL) shares accounts for 16.53% of the company’s 2.11M shares outstanding. Mutual fund holders own 11.53%, while other institutional holders and individual stakeholders account for 5.01% and — respectively.
It has a market capitalization of $19.37M and a beta (3y monthly) value of 3.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 49.54% over the week and 51.22% over the month.
Analysts forecast that Polished.com Inc (POL) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $5.5 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Polished.com Inc (POL) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
