Let’s start up with the current stock price of CarLotz Inc. (LOTZ), which is $0.49 to be very precise. The Stock rose vividly during the last session to $0.5105 after opening rate of $0.4939 while the lowest price it went was recorded $0.4611 before closing at $0.51.Recently in News on June 21, 2022, CarLotz Closes 50% of its Stores to Strategically Focus on Path to Profitability. CarLotz, Inc. (the “Company” or “CarLotz”; NASDAQ: LOTZ), a leading consignment-to-retail used vehicle marketplace, today announced the closure of 11 dealership stores, or “hubs,” as part of a strategic review of the business, with cash preservation and future profitable growth as key determining factors. In addition, three locations with executed leases will not be opened. The Company will focus on growing the remaining hubs which it believes will produce, in combination, the highest future growth potential, highest profit potential, and the most attractive sourcing opportunities. You can read further details here
CarLotz Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $2.5850 on 01/04/22, with the lowest value was $0.4335 for the same time period, recorded on 06/16/22.
CarLotz Inc. (LOTZ) full year performance was -91.38%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, CarLotz Inc. shares are logging -92.19% during the 52-week period from high price, and 12.71% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.43 and $6.26.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 5845375 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the CarLotz Inc. (LOTZ) recorded performance in the market was -78.48%, having the revenues showcasing -69.27% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 50.79M, as it employees total of 492 workers.
Specialists analysis on CarLotz Inc. (LOTZ)
During the last month, 0 analysts gave the CarLotz Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.2347, with a change in the price was noted -1.31. In a similar fashion, CarLotz Inc. posted a movement of -72.86% for the period of last 100 days, recording 1,635,673 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for LOTZ is recording 0.18 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.06.
Trends and Technical analysis: CarLotz Inc. (LOTZ)
Raw Stochastic average of CarLotz Inc. in the period of last 50 days is set at 7.19%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 20.68%. In the last 20 days, the company’s Stochastic %K was 25.48% and its Stochastic %D was recorded 22.09%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -78.48%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -80.91%, alongside a downfall of -91.38% for the period of the last 12 months. The shares increased approximately by 6.10% in the 7-day charts and went up by -11.85% in the period of the last 30 days. Common stock shares were lifted by -69.27% during last recorded quarter.