SFT - Shift Technologies, Inc. Stock Price, Fair Value and News

0.17USD Market Closed

Market Summary

USD0.17

Market Closed

SFT Stock Price

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SFT RSI Chart

SFT Valuation

Market Cap

2.9M

Price/Earnings (Trailing)

-0.02

Price/Sales (Trailing)

0.01

EV/EBITDA

-1.28

Price/Free Cashflow

-0.04

SFT Price/Sales (Trailing)

SFT Profitability

EBT Margin

-41.24%

Return on Equity

-662.89%

Return on Assets

-124.14%

Free Cashflow Yield

-2.7K%

SFT Fundamentals

SFT Revenue

Revenue (TTM)

328.8M

SFT Earnings

Earnings (TTM)

-136.7M

Breaking Down SFT Revenue

How does SFT drawdown profile look like?

SFT Financial Health

Current Ratio

1.33

Debt/Equity

7.97

Debt/Cashflow

-0.47

SFT Investor Care

Shares Dilution (1Y)

100.40%

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	505.3M	328.8M	0	0
2022	750.4M	819.3M	801.4M	670.8M
2021	271.8M	394.2M	514.1M	636.9M
2020	145.6M	135.6M	149.7M	195.7M
2019	0	0	0	166.2M

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Shift Technologies, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Oct 12, 2023	venkata maruthi jd	sold	-165,945	0.1443	-1,150,000	-
Aug 21, 2023	shein oded	sold (taxes)	-1,028	1.29	-797	chief financial officer
Aug 21, 2023	curtis jason travis	sold (taxes)	-239	1.29	-186	chief accounting officer
Jun 30, 2023	moussa ayman	acquired	-	-	950,000	chief executive officer
May 22, 2023	curtis jason travis	sold (taxes)	-929	1.435	-648	chief accounting officer
May 22, 2023	foy sean	sold (taxes)	-4,095	1.435	-2,854	chief operating officer
May 22, 2023	shein oded	sold (taxes)	-2,987	1.435	-2,082	chief financial officer
May 05, 2023	skinner james e	acquired	-	-	21,228	-
May 05, 2023	aizpuru luis igancio solorzano	acquired	-	-	21,228	-
May 05, 2023	sheehy kimberly h.	acquired	-	-	21,228	-

Which funds bought or sold SFT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	Ancora Advisors LLC	unchanged	-	-2.00	-	-%
May 14, 2024	OLD POINT TRUST & FINANCIAL SERVICES N A	new	-	-	-	-%
May 08, 2024	Heritage Wealth Advisors	added	507	6,558	6,559	-%
May 08, 2024	Focused Wealth Management, Inc	sold off	-100	-4.00	-	-%
May 07, 2024	Cornerstone Planning Group LLC	sold off	-100	-3.00	-	-%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-9.00	-	-%
May 02, 2024	Salomon & Ludwin, LLC	reduced	-93.33	-72.00	-	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
Apr 10, 2024	SOA Wealth Advisors, LLC.	unchanged	-	-1.00	-	-%
Sep 21, 2023	Jefferies Group LLC	added	3.57	145,474	2,028,500	0.02%

Are Funds Buying or Selling SFT?

Are funds buying SFT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SFT

No. of Funds

Unveiling Shift Technologies, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 05, 2024	lithia motors inc	0%	0	SC 13G/A
Feb 05, 2024	lithia motors inc	0%	0	SC 13G
Oct 13, 2023	venkata maruthi jd	4.8%	824,059	SC 13D/A
May 26, 2023	venkata maruthi jd	11.5%	1,974,059	SC 13D/A
Apr 26, 2023	venkata maruthi jd	11.5%	1,974,059	SC 13D
Feb 14, 2023	nantahala capital management, llc	1.6%	2,752,757	SC 13G/A
Feb 08, 2023	lithia motors inc	7.5%	12,827,826	SC 13G
Dec 19, 2022	trp capital partners, lp	9.1%	15,638,725	SC 13G
Jul 08, 2022	blackrock inc.	1.8%	1,510,291	SC 13G
Mar 11, 2022	blackrock inc.	5.4%	4,398,223	SC 13G

Recent SEC filings of Shift Technologies, Inc.

View All Filings

Date Filed	Form Type	Document
May 16, 2024	8-K	Current Report

Peers (Alternatives to Shift Technologies, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TSLA	566.3B	94.7B	14.23%	0.38%	41.6	5.98	10.12%	15.85%
GM	52.9B	174.9B	7.77%	39.09%	4.95	0.3	8.79%	13.26%
F	48.9B	177.5B	1.99%	5.50%	12.43	0.28	7.54%	33.01%
APTV	22.3B	20.1B	18.40%	-13.41%	7.46	1.11	11.06%	348.88%
KMX	11.5B	26.5B	6.25%	-0.44%	23.91	0.43	-10.61%	-1.15%
MID-CAP
BWA	8.4B	14.4B	16.35%	-17.59%	13.76	0.59	5.28%	-36.11%
ALSN	6.6B	3.1B	-5.82%	52.54%	9.78	2.13	8.82%	17.48%
ABG	4.9B	15.4B	13.81%	15.50%	8.56	0.32	2.10%	-39.62%
GT	3.7B	19.7B	8.02%	-9.26%	-5.7	0.19	-5.64%	-9328.57%
ADNT	2.6B	15.2B	3.59%	-19.11%	16.55	0.17	3.04%	1216.67%
SMALL-CAP
BLBD	1.7B	1.3B	55.08%	113.22%	21.39	1.36	26.17%	337.87%
AXL	933.4M	6.2B	14.24%	12.78%	-116.67	0.15	5.67%	-113.75%
CAAS	105.6M	573.5M	-1.13%	-36.48%	2.7	0.18	7.12%	39.36%
WKHS	75.6M	13.1M	41.18%	-74.91%	-0.61	5.77	160.69%	-5.67%
AYRO	5.7M	444.2K	-14.93%	90.00%	-0.18	12.82	-78.61%	-35.63%

Shift Technologies, Inc. News

Latest updates

Shift Technologies, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-12.7%	47,258,000	54,108,000	65,571,000	161,869,000	223,733,000	219,580,000	196,215,500	179,800,000	154,850,000	106,004,000	73,411,000	59,914,000	32,441,000	29,953,000	27,350,000	45,857,000	42,460,000	50,568,000
Gross Profit	-1.6%	3,112,000	3,164,000	2,258,000	409,000	11,878,000	10,788,000	12,140,000	12,952,000	16,331,000	7,366,000	1,540,000	3,726,000	3,573,000	3,343,000	-714,000	-852,000	-381,000	185,000
Operating Expenses	-45.9%	25,911,000	47,921,000	62,952,000	73,412,000	61,203,000	65,217,000	65,340,500	59,261,000	49,704,000	51,335,000	33,064,500	25,211,000	15,729,000	14,428,000	74,559,576	221,338	240,530	59,556
S&GA Expenses	-46.8%	22,643,000	42,591,000	41,922,000	49,805,000	58,744,000	63,537,000	63,791,500	57,886,000	48,143,000	50,234,000	31,787,000	24,030,000	14,633,000	13,446,000	-	-	-	-
EBITDA Margin	-24.9%	-0.34	-0.27	-0.23	-0.28	-0.23	-0.23	-0.25	-0.32	-0.32	-0.36	-0.27	0.01	0.03	0.05	-	-	-	-
Interest Expenses	297.0%	4,423,000	1,114,000	4,666,000	451,000	4,725,000	496,000	3,470,000	333,000	251,000	176,000	221,000	191,000	172,000	287,000	-	-	-	-
Income Taxes	-363.6%	-145,000	55,000	240,000	18,000	27,000	41,000	226,000	-	-	-	-119,783	-12,461	-1,510	133,754	132,820	187,580	179,171	2,917
Earnings Before Taxes	46.4%	-25,499,000	-47,548,000	13,254,500	-75,792,000	-52,171,000	-57,007,000	-54,237,000	-37,389,000	-31,661,000	-42,755,000	-56,440,104	-1,687,606	-1,343,062	324,772	453,073	717,602	657,951	-316
EBT Margin	-28.4%	-0.41	-0.32	-0.26	-0.30	-0.25	-0.24	-0.26	-0.33	-0.34	-0.38	-0.30	-0.02	0.00	0.01	-	-	-	-
Net Income	46.4%	-25,776,000	-48,097,000	13,014,500	-75,810,000	-52,198,000	-57,048,000	-54,463,000	-37,389,000	-31,661,000	-42,755,000	-4,500,000	-23,320,000	-18,993,000	-12,331,000	-20,521,000	-18,980,000	-17,630,000	-23,352,000
Net Income Margin	-28.8%	-0.42	-0.32	-0.26	-0.30	-0.25	-0.24	-0.26	-0.23	-0.26	-0.33	-0.30	-0.50	-0.52	-0.48	-	-	-	-
Free Cashflow	23.8%	-27,968,000	-36,704,000	-23,679,000	10,072,000	-1,644,000	-99,814,000	-85,312,000	10,542,000	-71,190,000	-72,610,000	-40,489,000	-31,808,000	-3,433,000	-11,106,000	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																			(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-35.0%	110	169	248	189	329	345	366	373	403	298	312	153	154	154	83.00	153	152	152	-
Current Assets	-37.2%	78.00	124	178	113	239	283	333	354	386	282	297	0.00	0.00	0.00	65.00	1.00	1.00	1.00	0.00
Cash Equivalents	-60.4%	23.00	59.00	96.00	44.00	100	107	194	249	240	179	236	20.00	25.00	30.00	45.00	1.00	1.00	1.00	72.00
Inventory	-29.4%	24.00	34.00	41.00	49.00	137	160	123	89.00	122	74.00	49.00	-	-	-	18.00	-	-	-	-
Net PPE	-9.4%	2.00	2.00	7.00	7.00	10.00	9.00	8.00	6.00	5.00	3.00	2.00	-	-	-	2.00	-	-	-	-
Goodwill	0%	2.00	2.00	2.00	3.00	3.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	-12.7%	241	276	308	285	353	324	290	256	254	96.00	75.00	10.00	9.00	7.00	39.00	7.00	7.00	7.00	-
Current Liabilities	-29.4%	59.00	83.00	95.00	89.00	155	155	142	101	88.00	69.00	47.00	3.00	2.00	1.00	24.00	1.00	0.00	0.00	0.00
Long Term Debt	0.3%	164	164	163	163	162	145	144	144	144	-	-	-	-	-	-	-	-	-	-
LT Debt, Non Current	-	-	-	-	-	-	145	144	144	144	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	-	-	-	-	-	-	21.00	75.00	117	148	203	237	5.00	13.00	31.00	43.00	5.00	5.00	5.00	91.00
Retained Earnings	-3.9%	-686	-660	-612	-625	-549	-497	-440	-386	-348	-317	-274	-1.50	0.00	2.00	-215	1.00	0.00	0.00	0.00
Additional Paid-In Capital	0.3%	556	554	553	530	526	518	516	503	497	520	512	7.00	5.00	3.00	259	4.00	5.00	5.00	0.00
Shares Outstanding	-1.4%	17.00	17.00	17.00	9.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	-	0.00	0.00	-	-	-	-	-
Float	-	-	-	-	-	55.00	-	-	-	556	-	-	-	195	-	-	-	148	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	22.9%	-27,987	-36,300	-22,816	10,533	267	-98,400	-82,800	12,679	-69,379	-71,500	-39,912	-31,699	-3,303	-10,938	-27,735	-117	-197	-158
Share Based Compensation	8.1%	1,333	1,233	-271	4,185	4,923	4,192	6,186	5,336	5,405	8,203	1,159	756	432	267	-	-	-	-
Cashflow From Investing	113.3%	126	-945	92,017	-2,592	-19,658	-3,772	-4,445	-3,843	-3,367	-2,488	-1,615	-1,033	-960	-1,271	144,093	4.00	-	-150,650
Cashflow From Financing	-168.9%	-7,708	-2,866	-17,226	-52,352	12,920	14,584	32,511	575	133,766	17,137	257,097	28,041	-1,224	-2,218	-144,410	-	-45.73	151,702
Buy Backs	-100.0%	-	1.00	11.00	30.00	30.00	10.00	6.00	52.00	14.00	1.00	-1.00	71.00	-89.00	-41.00	-	-	-	-

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SFT Income Statement

2023-06-30

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue
Revenue	$ 47,258	$ 223,733	$ 101,367	$ 443,312
Cost of sales	44,146	211,855	95,089	420,647
Gross profit	3,112	11,878	6,278	22,665
Operating expenses:
Selling, general and administrative expenses	22,643	58,744	65,234	122,281
Depreciation and amortization	1,928	2,459	6,327	4,139
Loss on impairment	1,340	0	2,270	0
Total operating expenses	25,911	61,203	73,831	126,420
Loss from operations	(22,799)	(49,325)	(67,553)	(103,755)
Interest and other expense, net	(2,700)	(2,846)	(5,493)	(5,424)
Loss before income taxes	(25,499)	(52,171)	(73,046)	(109,179)
Provision for (benefit from) income taxes	(145)	27	(90)	68
Net loss from continuing operations	(25,354)	(52,198)	(72,956)	(109,247)
Loss from discontinued operations	422	0	917	0
Net loss	(25,776)	(52,198)	(73,873)	(109,247)
Total comprehensive income	$ (25,776)	$ (52,198)	$ (73,873)	$ (109,247)
Net loss and comprehensive loss per share, basic (in dollars per share)	$ (1.52)	$ (6.45)	$ (4.36)	$ (13.67)
Net loss and comprehensive loss per share, diluted (in dollars per share)	$ (1.52)	$ (6.45)	$ (4.36)	$ (13.67)
Weighted-average number of shares outstanding used to compute net loss per share, basic (in shares)	16,954,995	8,095,278	16,936,636	7,990,264
Weighted-average number of shares outstanding used to compute net loss per share, diluted (in shares)	16,954,995	8,095,278	16,936,636	7,990,264
Retail revenue, net
Revenue
Revenue	$ 43,223	$ 194,981	$ 92,132	$ 378,062
Other revenue, net
Revenue
Revenue	1,729	9,220	3,381	17,931
Wholesale vehicle revenue
Revenue
Revenue	$ 2,306	$ 19,532	$ 5,854	$ 47,319

SFT Balance Sheet

2023-06-30

Consolidated Consolidate Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 23,256	$ 96,159
Restricted cash, current	7,880	10,632
Marketable securities at fair value	0	1,264
Accounts receivable, net of allowance for doubtful accounts of $171 and $93	3,943	4,558
Inventory	24,007	40,925
Prepaid expenses and other current assets	6,357	7,657
Operating and finance lease assets, property and equipment, accounts receivable, and other assets held for sale or classified as discontinued operations	12,492	17,226
Total current assets	77,935	178,421
Restricted cash, non-current	1,030	1,055
Marketable securities at fair value, non-current	0	707
Property and equipment, net	1,823	6,797
Operating lease assets	16,460	44,568
Finance lease assets, net	72	152
Capitalized website and internal use software costs, net	9,255	10,657
Goodwill	2,070	2,070
Deferred borrowing costs	121	268
Other non-current assets	1,323	3,323
Total assets	110,089	248,018
Current liabilities:
Accounts payable	8,423	12,085
Accrued expenses and other current liabilities	16,526	33,872
Operating lease liabilities, current	3,594	8,865
Finance lease liabilities, current	62	271
Flooring line of credit	14,436	24,831
Operating and finance lease liabilities and other liabilities associated with assets held for sale or classified as discontinued operations	15,772	15,432
Total current liabilities	58,813	95,356
Long-term debt, net	164,408	163,363
Operating lease liabilities, non-current	16,084	44,985
Finance lease liabilities, non-current	1,489	3,989
Other non-current liabilities	51	111
Total liabilities	240,845	307,804
Commitments and contingencies (Note 10)
Stockholders’ deficit:
Preferred stock – par value $0.0001 per share; 1,000,000 shares authorized at June 30, 2023 and December 31, 2022, respectively	0	0
Common stock – par value $0.0001 per share; 500,000,000 shares authorized at June 30, 2023 and December 31, 2022, respectively; 16,992,350 and 17,212,130 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	2	2
Additional paid-in capital	555,868	552,968
Accumulated other comprehensive loss	0	(3)
Accumulated deficit	(686,626)	(612,753)
Total stockholders’ deficit	(130,756)	(59,786)
Total liabilities and stockholders’ deficit	$ 110,089	$ 248,018

About Shift Technologies, Inc.

Shift Technologies, Inc., together with its subsidiaries, provides an ecommerce platform for buying and selling used cars in the United States. The company operates in two segments, Retail and Wholesale. It engages in the retail sale of used vehicles through its platform; and provides financing and vehicle protection products. 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 founded in 2013 and is headquartered in San Francisco, California.

CEO	Mr. Ayman Moussa
WEBSITE	shift.com
INDUSTRY	Autos
EMPLOYEES	464

Shift Technologies, Inc. Frequently Asked Questions

What is the ticker symbol for Shift Technologies, Inc.? What does SFT stand for in stocks?

SFT is the stock ticker symbol of Shift Technologies, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Shift Technologies, Inc. (SFT)?

As of Mon May 13 2024, market cap of Shift Technologies, Inc. is 2.89 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SFT stock?

You can check SFT's fair value in chart for subscribers.

What is the fair value of SFT stock?

You can check SFT's fair value in chart for subscribers. The fair value of Shift Technologies, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Shift Technologies, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SFT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Shift Technologies, Inc. a good stock to buy?

The fair value guage provides a quick view whether SFT is over valued or under valued. Whether Shift Technologies, Inc. is cheap or expensive depends on the assumptions which impact Shift Technologies, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SFT.

What is Shift Technologies, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, SFT's PE ratio (Price to Earnings) is -0.02 and Price to Sales (PS) ratio is 0.01. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SFT PE ratio will change depending on the future growth rate expectations of investors.