On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. Read More: Penny Stocks - How to Profit Without Getting Scammed If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ’s writers disclose this fact and warn readers of the risks. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Why Is LogicMark (LGMK) Stock Up 31% Today?.The new CUSIP number for the Common Stock following the reverse split will be 82452T 305. Why Is Draganfly (DPRO) Stock Down 17% Today? Shift’s common stock will continue to trade on The Nasdaq Capital Market (Nasdaq) under the symbol SFT and will begin trading on a split-adjusted basis when the market opens on March 8, 2023.You can catch up on all of these matters at the links below! More Wednesday Stock Market News We’ve got everything traders need to know about on Wednesday! That includes the latest news that has shares of Draganfly (NASDAQ: DPRO), LogicMark (NASDAQ: LGMK), and BiomX (NYSEMKT: PHGE) stock on the move today. Investors will want to stick around for more of the most recent stock market news! SFT stock is down 13.7% as of Wednesday morning. That’s somewhat surprising, considering heavy trading typically follows earnings reports. Only around 36,000 shares have changed hands as of this writing, as compared to its daily average of 451,000 shares. While the stock is down today, it doesn’t come with heavy trading. For the record, Wall Street is expecting Q1 2023 revenue to come in at $105.37 million. This has Shift Technologies expecting revenue for the first quarter of 2023 to range from $56 million to $58 million. The latest earnings report also includes guidance for the coming quarter. Given market dynamics of the auto industry and capital markets, we adjusted our strategy to prioritize balance sheet health, reduce cash burn, and accelerate our path to profitability.” What to Expect From SFT Stock “2022 was a year of significant change for Shift. Jeff Clementz, CEO of Shift Technologies, said the following in the earnings report: Drawing on over 150 years of experience, we are leading. To put those in perspective, Wall Street was expecting EPS of -$4.76 and revenue of $75.33 million. At the leading edge of driving innovative technologies and responsible operations across the world. The latest earnings report includes mixed results, with earnings per share of -$2.56 and revenue of $65.57 million. Shift Technologies (NASDAQ: SFT) stock is taking a beating on Wednesday after releasing its earnings report for the fourth quarter of 2022.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |