Poshmark Inc. (NASDAQ:POSH) went up by 1.34% from its latest closing price compared to the recent 1-year high of $32.00. The company’s stock price has collected 8.60% of gains in the last five trading sessions. Barron’s reported on 05/13/22 that Poshmark Revenue Beats Wall Street Expectations. The Stock Is Soaring.
Is It Worth Investing in Poshmark Inc. (NASDAQ :POSH) Right Now?
Opinions of the stock are interesting as 2 analysts out of 15 who provided ratings for Poshmark Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 12 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $14.70, which is $1.48 above the current price. POSH currently public float of 52.40M and currently shorts hold a 10.25% ratio of that float. Today, the average trading volume of POSH was 1.16M shares.
POSH’s Market Performance
POSH stocks went up by 8.60% for the week, with a monthly jump of 27.15% and a quarterly performance of 38.20%, while its annual performance rate touched -52.92%. The volatility ratio for the week stands at 5.77% while the volatility levels for the past 30 days are set at 5.28% for Poshmark Inc. The simple moving average for the period of the last 20 days is 15.86% for POSH stocks with a simple moving average of -10.69% for the last 200 days.
Analysts’ Opinion of POSH
Many brokerage firms have already submitted their reports for POSH stocks, with MKM Partners repeating the rating for POSH by listing it as a “Neutral.” The predicted price for POSH in the upcoming period, according to MKM Partners is $11 based on the research report published on July 28th of the current year 2022.
POSH Trading at 16.66% from the 50-Day Moving Average
After a stumble in the market that brought POSH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.75% of loss for the given period.
Volatility was left at 5.28%, however, over the last 30 days, the volatility rate increased by 5.77%, as shares surge +28.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.84% upper at present.
During the last 5 trading sessions, POSH rose by +8.60%, which changed the moving average for the period of 200-days by -52.56% in comparison to the 20-day moving average, which settled at $11.26. In addition, Poshmark Inc. saw -24.37% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at POSH starting from McDonald John Michael, who sale 4,298 shares at the price of $10.69 back on Jul 07. After this action, McDonald John Michael now owns 84,384 shares of Poshmark Inc., valued at $45,959 using the latest closing price.
Chandra Manish, the President and CEO of Poshmark Inc., sale 1,998 shares at $10.69 during a trade that took place back on Jul 07, which means that Chandra Manish is holding 7,298 shares at $21,365 based on the most recent closing price.
Stock Fundamentals for POSH
Current profitability levels for the company are sitting at:
- -13.63 for the present operating margin
- +83.03 for the gross margin
The net margin for Poshmark Inc. stands at -30.16. Equity return is now at value -9.10, with -6.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.15.