Polibeli Group Ltd (PLBL) Stock on 9 December 2025: Price Action, Volatility and Conflicting Ratings Around a New Nasdaq Listing

Published: December 9, 2025

Snapshot: Where Polibeli Group Ltd Stock Stands Today

Polibeli Group Ltd (NASDAQ: PLBL), a recently listed digital supply-chain and distribution company, is experiencing another volatile session on 9 December 2025.

As of early U.S. trading, major data providers show:

Share price: around $10.50
Daily move: roughly –10.6% versus Monday’s close of $11.74
Intraday range so far: about $10.50–$11.00
52‑week range: roughly $5.60–$14.31 (including trading when the company was still the SPAC Chenghe Acquisition II) ^[1]

Trading volume this morning is just over 1,000 shares, well below the recent 20‑day average near 5,500 shares, highlighting how thin liquidity can amplify price swings in PLBL. ^[2]

Over longer horizons, the stock’s moves have been dramatic:

Last 7 days: up about 15–20%
Last month: up roughly 45–50%
Since late‑October low (~$5.60): roughly a double
Versus 12 months ago: around +10–17%, depending on the dataset used ^[3]

Indian brokerage platform IndMoney, for example, shows PLBL at $11.69 as of 12:28 a.m. IST today, up +45.1% over one month and +19.7% over three months, while also noting that search interest for “Polibeli Group Ltd stock” has dropped about 80% over the past 30 days. ^[4]

In short: the share price is recovering fast from its October lows but remains far below its July peak, and it’s moving on relatively light volume.

What Polibeli Group Ltd Actually Does

Behind the volatile ticker is a fairly straightforward business model with a complicated corporate structure.

According to company filings and multiple data providers, Polibeli Group Ltd:

Operates a digital supply chain and distribution‑sales platform serving brands and small retailers.
Provides product procurement, channel distribution, warehousing and logistics, brand operations and digital marketing services to upstream suppliers and downstream partners. ^[5]
Sells a broad range of physical goods: consumer electronic accessories, household appliances, skincare and oral‑care products, cosmetics, toys and games, health‑care items, watches and accessories, and more. ^[6]
Runs a B2B platform and apps:
- Polibeli App – a one‑stop procurement app aimed at small and medium‑sized retailers.
- Polisales App – a mobile tool for sales representatives.
Has operations or trading relationships not just in Indonesia and Japan, but also Singapore, Korea, the United States, France and Italy, with a significant portion of revenue currently coming from Japan. ^[7]

The company is headquartered in Jakarta, Indonesia, was founded in 2021, and employs about 154 people. ^[8]

A recurring theme across official descriptions: Polibeli pitches itself as a “global digital supply chain services provider” focused on making cross‑border goods trading easier for brands and small retailers. ^[9]

From SPAC to PLBL: How Polibeli Reached Nasdaq

Polibeli came public via a de‑SPAC transaction with Chenghe Acquisition II Co., a special purpose acquisition company (SPAC).

Key milestones:

June 2024: Chenghe Acquisition II Co. (CHEB) raised about $86.25 million in its IPO. ^[10]
September 16, 2024: Chenghe signed a Business Combination Agreement with Polibeli Group Ltd and Polibeli Merger One Limited, under which Chenghe would become a wholly owned subsidiary of Polibeli. ^[11]
May 23, 2025: Chenghe’s shareholders approved the merger at an extraordinary general meeting. Heavy redemptions saw more than 8.4 million SPAC shares redeemed at roughly $10.44 per share. ^[12]
August 7, 2025: The business combination formally closed; NasdaqTrader issued an alert confirming the completion and the upcoming changeover to PLBL. ^[13]
August 8, 2025: Polibeli’s Class A ordinary shares began trading on the Nasdaq Global Market under the ticker PLBL. Law firms Harneys and Hogan Lovells – both involved in the deal – put the transaction value around US$3.6 billion. ^[14]

In other words, PLBL is a very young listing, with less than six months of trading as Polibeli but a longer price history inherited from its SPAC predecessor.

Price History: Big Swings in a Short Life

Including the pre‑merger SPAC period, PLBL/CHEB has already seen a full boom‑and‑bust‑and‑rebound cycle:

All‑time / 52‑week high: about $14.31 (July 9, 2025).
Post‑de‑SPAC low: around $5.60 (October 23, 2025). ^[15]

Recent daily data from Investing.com underscores the volatility:

Dec 2–5, 2025: stock oscillated between roughly $10.00 and $10.61, with modest volumes.
Dec 8, 2025: rallied +10.65% to close at $11.74, on volume of 15.6k shares.
Dec 9, 2025 (today): pulls back –10.56% to $10.50, on light volume near 1.0k shares (so far). ^[16]

Different platforms summarise the returns slightly differently, but they tell a similar story: heavy drawdown into October, followed by a sharp recovery over the past month. TradingView estimates roughly +50.3% over the past month and +16.8% over the last year, while StockAnalysis calculates a +9.2% 52‑week gain based on its adjusted dataset. ^[17]

IndMoney’s return table – which starts from when Polibeli listed – shows +45.1% (1 month) and +19.7% (3 months), but “0%” for 1‑year and beyond simply because the stock has not been trading for that long under its current structure. ^[18]

Fundamentals: High Growth, Persistent Losses

For a company this new to public markets, Polibeli already discloses a surprisingly detailed financial history.

Aggregating data from StockAnalysis and IndMoney:

Revenue (annual)
- 2022: about $28 million
- 2023: about $22 million
- 2024: about $30 million (up ~32.6% year‑on‑year) ^[19]
Net income (annual)
- 2022: around –$8 million
- 2023: around –$6 million
- 2024: around –$10 million ^[20]
Trailing‑12‑month (TTM) figures
- Revenue: $30.23 million
- Net loss: –$10.98 million
- Loss per share: about –$0.02 ^[21]
Profitability metrics (TTM)
- Gross margin: 3.8%
- Operating margin: –31.7%
- Net margin: –36.3%
- Return on assets (ROA): –29.1%
- Free cash flow: about –$5.67 million ^[22]

WallStreetZen’s earnings history highlights an interesting detail: Q1 2025 was briefly profitable, with reported earnings of about $226k and EPS of $0.02, but over the last twelve months the company still recorded a cumulative net loss around $0.9–1.0 million on that dataset. ^[23]

The pattern is clear: Polibeli is growing revenue, but still burning cash and running negative margins.

Balance Sheet and Liquidity: Small Cash Cushion, Negative Equity

StockAnalysis gives a concise snapshot of Polibeli’s balance sheet: ^[24]

Cash and cash equivalents: about $3.09 million
Total debt: about $0.97 million
Net cash: ~$2.12 million, or roughly $0.01 per share
Working capital: about $6.29 million
Current ratio:1.49 (current assets comfortably exceed current liabilities)
Quick ratio:0.72 (less comfortable once inventory is stripped out)

The troubling line item is equity:

Book equity: roughly –$24.64 million
Book value per share: about –$0.05

Negative equity is relatively common in aggressively funded, asset‑light businesses, but it raises the financial risk profile, especially when combined with persistent operating losses.

Two widely used risk scores underline that point:

Altman Z‑Score:0.03 (well below the 1.8 threshold often associated with heightened bankruptcy risk)
Piotroski F‑Score:3 out of 9, signaling weak fundamental momentum across profitability, leverage, and efficiency metrics. ^[25]

Again, none of this means Polibeli is destined for distress – but it is firmly in “speculative, high‑risk” territory by standard quantitative measures.

Valuation: Extreme Multiples and Data Disagreement

Valuing de‑SPAC names can be messy, and PLBL is a textbook case.

StockAnalysis (which appears to use a fully diluted share count) reports: ^[26]

Market cap: about $3.90 billion
Enterprise value (EV): about $4.36 billion
Shares outstanding:371.81 million
Free float: roughly 8.94 million shares
Insider ownership:96.8%
Institutional ownership:0.86%
Price‑to‑sales (P/S): about 194x
EV / Sales: about 144x

Those multiples are extraordinarily high for a company with ~3–4% gross margins and negative free cash flow.

However, Investing.com lists PLBL’s market cap closer to $124.6 million, based on 11.81 million shares outstanding at roughly $10.50 per share, while StockTwits shows around $501.6 million. ^[27]

This huge spread between $124m, $502m and $3.9bn is almost certainly due to different treatments of share classes, non‑public shares and SPAC‑conversion mechanics:

Some platforms appear to focus on the public float.
Others try to capture a fully diluted share count that includes shares held by insiders, sponsors or affiliates.

For investors, the takeaway is:

Any valuation ratio on PLBL should be treated as approximate until the data providers converge on a consistent share count.

What is not in doubt is that on almost any reasonable denominator (sales, earnings, free cash flow), Polibeli currently trades at very rich multiples relative to mature retail or logistics peers, simply because it is early‑stage, loss‑making and tightly held.

Who’s Covering PLBL? Analysts, AI and Technical Models

So far, traditional Wall Street coverage is sparse:

StockAnalysis shows no published analyst price targets or consensus rating for PLBL; its “Analyst Forecast” section is entirely “n/a”. ^[28]
Investing.com’s “Analysts Sentiment” widget is “currently not supported” for PLBL. ^[29]

That vacuum has been filled by quantitative and AI‑driven tools, many of which give conflicting signals as of 9 December 2025.

Technical models: broadly bullish

TradingView’s technical dashboard rates PLBL a “buy” on the daily timeframe, with a “buy” 1‑week rating and “strong buy” 1‑month rating, based on its mix of oscillators and moving averages. ^[30]
Investing.com’s technical summary similarly shows “Strong Buy” signals across daily, weekly and monthly intervals, driven by the recent upside momentum and price trading above several moving averages. ^[31]
ChartMill assigns PLBL a 6/10 technical rating, describes the trend as bullish, and flags an RSI in the high‑50s to high‑60s – elevated but not yet in textbook overbought territory. ^[32]
Barchart marks PLBL as highly volatile, with:
- Average true range (ATR) over the past 9–20 days near 7–8% of price.
- Historical volatility between ~90% and 120% on short‑term windows.
- Directional‑movement indicators showing a reasonably strong trend (9‑day ADX above 40). ^[33]

Taken together, price‑action‑based tools say “trend up, but buckle your seatbelt.”

AI and multi‑factor models: deeply skeptical

On the other side, fundamentals‑driven AI and multi‑factor models lean sharply negative:

Danelfin, an AI‑powered stock screener, gives Polibeli an AI Score of 1/10 – a “Strong Sell” rating as of today.
- It estimates PLBL’s probability of beating the market over the next 3 months at 38.97%, versus an average of 53.52% for U.S. stocks – a –14.55 percentage‑point gap. ^[34]

Danelfin’s page also shows:

Short float: about 0.03%
Recent volume: ~15,620 shares in the last session
Employees: 154, consistent with other data providers ^[35]

Notably, Danelfin lists a 12‑month target price of $0, which reflects the absence of a consensus Wall Street price target, not a literal forecast that PLBL will go to zero. ^[36]

Retail and attention metrics

Retail sentiment is hard to measure precisely, but a few clues exist:

StockTwits, a retail‑trading social platform, shows PLBL at $10.50 with a PE ratio of –200, average volume just under 5,500 shares, and explicitly states “No PLBL news at the moment.” ^[37]
IndMoney notes that search interest in Polibeli Group Ltd stock has fallen ~80% in the last 30 days, even as the share price rallied. ^[38]

In other words, quant screens are looking at PLBL, but the broader retail crowd may not be paying close attention yet.

Is There Any Fresh Company News on 9 December 2025?

Despite the lively tape, there is no major new company‑specific announcement tied to today’s move:

StockAnalysis’s “News” tab for PLBL simply says “There is no news available yet.” ^[39]
StockTwits likewise reports “No PLBL news at the moment” on its news panel. ^[40]
Investing.com’s PLBL news feed still highlights earlier 2025 items about Chenghe’s shareholder meetings and merger timetable, not fresh operational updates. ^[41]

So the headline today is the price action itself and the evolving quantitative assessments, not a new contract, product launch, or earnings release.

There is also no clearly published next‑earnings date for Polibeli on the usual calendars: both StockAnalysis and Investing.com leave that field blank for now. ^[42]

Key Risks Around Polibeli Group Ltd Stock

Based on the available data as of 9 December 2025, several risks stand out:

Financial fragility
- Persistent negative margins, negative free cash flow and negative equity mean Polibeli will likely need either clear path to profitability or additional capital over time. ^[43]
- The Altman Z‑Score of 0.03 is firmly in the zone associated with elevated bankruptcy risk in the classic model. ^[44]
Valuation uncertainty and possible overvaluation
- Even if you take the lowest market‑cap estimate (~$124m), a company generating ~$30m in revenue and consistent losses isn’t obviously cheap.
- On a fully diluted basis with a P/S near 194x, Polibeli prices in very optimistic long‑term growth and margin expansion. ^[45]
Thin float and extreme volatility
- With insiders holding roughly 97% of shares and a free float below 9 million shares, tiny changes in demand can move the price dramatically. ^[46]
- Barchart’s volatility stats (historical volatility >90% on many windows) and the recent daily swings of ±10–15% reinforce that this is not a low‑beta defensive name. ^[47]
SPAC overhangs
- De‑SPACed companies often face lock‑up expirations, sponsor share unlocks and the potential for additional dilution. The incomplete agreement across data providers on share count is a signal that the equity structure is still settling. ^[48]
Execution and macro risk
- Polibeli operates across multiple countries and product categories, with a business model tied to consumer demand and retail inventory cycles. Any slowdown in key markets like Japan or Indonesia, or operational hiccups in its logistics network, could quickly flow through to such a thin‑margin P&L. ^[49]

Potential Upside Drivers

To balance the picture, there are also credible upside arguments that help explain why some technical and AI tools see momentum or potential:

Strong top‑line growth: Revenue rebounded from $22m in 2023 to $30m in 2024, a 32.6% increase, suggesting the platform is gaining traction. ^[50]
Large addressable market: Digitalising procurement and supply chains for small retailers across Asia and beyond is a huge, still‑fragmented market, where even modest share gains could support substantial growth from a small base. ^[51]
Capital‑light platform model: If Polibeli can scale volumes and improve gross margins even slightly, the operating leverage inherent in a platform‑style business could improve profitability faster than revenue growth alone suggests. ^[52]
Price momentum and sentiment indicators: Over the last month, PLBL has delivered double‑digit percentage gains, enough for multiple technical dashboards to flash “buy/strong buy,” while remaining below prior peaks – plenty of room for traders who focus purely on charts. ^[53]

Those points don’t negate the risks; they explain why the stock can be both very risky and very interesting to speculative investors at the same time.

How to Think About PLBL on 9 December 2025

Putting it all together, Polibeli Group Ltd (PLBL) on 9 December 2025 looks like:

A young, high‑growth, loss‑making digital supply chain company
Fresh off a complex SPAC merger and Nasdaq debut
Trading in a very wide band between its October lows (~$5.60) and its summer highs (~$14.31)
With thin float, heavy insider ownership, and extreme day‑to‑day volatility
Carrying rich valuation multiples by classic metrics and weak balance‑sheet quality, but with a plausible growth story in a large market. ^[54]

The most striking feature today is the split in the models:

Technical and momentum‑based tools (TradingView, Investing.com, ChartMill) say “buy/strong buy” as the price trends up from the October lows. ^[55]
A fundamentals‑driven AI screener (Danelfin) says “strong sell”, citing a lower‑than‑average probability of beating the market over the next three months. ^[56]
Classic fundamental metrics like the Altman Z‑Score, negative equity, and triple‑digit P/S firmly underscore the speculative nature of the name. ^[57]

For long‑term, fundamentals‑focused investors, PLBL currently looks like a high‑risk, early‑stage bet that would typically warrant only a small, venture‑style position size, if any. For short‑term traders comfortable with volatility, it remains a high‑beta momentum play where careful risk management is essential.