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CarLotz Inc. (LOTZ) – The 64.32% Upside Potential Remains

CarLotz Inc. (NASDAQ: LOTZ) is -29.91% lower on its value in year-to-date trading and has touched a low of $6.45 and a high of $12.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LOTZ stock was last observed hovering at around $7.54 in the last trading session, with the day’s gains setting it 0.31% off its average median price target of $22.00 for the next 12 months. It is also 64.32% off the consensus price target high of $22.00 offered by 2 analysts, but current levels are 64.32% higher than the price target low of $22.00 for the same period.

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Currently trading at $7.85, the stock is -2.20% and -15.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.55 million and changing 4.11% at the moment leaves the stock -22.11% off its SMA200. LOTZ registered -22.51% loss for a year compared to 6-month loss of -23.19%. The firm has a 50-day simple moving average (SMA 50) of $8.67 and a 200-day simple moving average (SMA200) of $10.00.

The stock witnessed a -4.03% gain in the last 1 month and extending the period to 3 months gives it a -29.91%, and is 1.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.82% over the week and 8.84% over the month.

CarLotz Inc. (LOTZ) has around 166 employees, a market worth around $843.80M and $118.62M in sales. Distance from 52-week low is 21.71% and -39.15% from its 52-week high.

CarLotz Inc. (LOTZ) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for CarLotz Inc. (LOTZ) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 1.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

CarLotz Inc. quarterly earnings per share for the current quarter are estimated at -$0.14 with sales reaching $43.16M over the same period.The EPS is expected to shrink by -201.50% this year, but quarterly earnings will post 199.20% year-over-year.

CarLotz Inc. (LOTZ) Top Institutional Holders

77 institutions hold shares in CarLotz Inc. (LOTZ), with 24.81M shares held by insiders accounting for 21.83% while institutional investors hold 49.28% of the company’s shares. The shares outstanding are 107.49M, and float is at 80.72M with Short Float at 7.18%. Institutions hold 38.52% of the Float.

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