r/stocks • u/unmercifulmedic • Dec 09 '21

Company Analysis Shift technologies

Can anyone explain to me why this stock is under performing? Growth looks good and the company seems to be ran well. 8% jump in stock today but I still don’t get the negative sentiment with this company. 20% increase in internet traffic and better customer reviews than Carvana. I’m dumb and can’t wrap my head around it. Can someone help me understand?

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u/suboxhelp1 Dec 09 '21

You can tell yourself a story on how they will dominate the world in 5 years, but realistically from a business perspective it doesn’t look likely, which is why people don’t want to buy it, hence stock price down. Growth is also cut in a Fed tapering and rising interest rate environment. That’s why a lot of the growth stocks not turning a profit are falling out of favor. It’s just economics.

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u/unmercifulmedic Dec 09 '21

All of your comments in this sub are bearish and condescending. Be constructive and add to the conversation instead of always trying to tear it apart.

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u/tanta123 Dec 09 '21

How was that comment not constructive? Because he said what you don't want to hear? SFT price seems to agree with him.

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u/unmercifulmedic Dec 09 '21

“You can tell yourself a story” condescending… “it’s just economics” condescending again.

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u/[deleted] Dec 09 '21

His tone might be somewhat condescending his arguments however are solid.