NEW YORK (TheStreet) -- As Wall Street counts down the days, hours and minutes left in 2014, investors are rethinkingRadioShack (RSH) . How much time does RadioShack have left after the struggling retailer reported a wider-than-expected quarterly loss Thursday?
All told, for the period ending Nov. 1, RadioShack posted a quarterly loss of $1.23 per share, much wider than last year's loss of 90 cents and worse than Wall Street estimates of a loss of $1.04. Meanwhile, revenue declined 16.1% year over year to $650.2 million, also missing estimates of $717 million.
RSH data by YCharts
The shares touched another 52-week low of 50 cents on Thursday in midday trading, down another 5.4%. As of 1 p.m., the shares showed a slight bounce to 54 cents.
The stock drop fueled speculation that the Texas-based electronics retailer won't be able to avoid bankruptcy some time in 2015.
The chart above shows how unforgiving Wall Street has been to the retailer. RadioShack shares have been repeatedly punished with each quarterly miss.
Bears who have bet against RadioShack have made a killing in 2014. The stock is down 80% on the year, compared to the with the 9.62% gain in the S&P 500(SPY) - Get Report and the 5.77% gain in the Dow Jones Industrial Average (DJI) .
Radio Shack has had almost two decades to adjust to the emergence of rivals like Amazon(AMZN) - Get Report and auction sites like eBay(EBAY) - Get Report that have taken away its customers. The shift toward online shopping has killed RadioShack's in-store traffic and pressured its margins.
In July, Moody's Investors Service predicted that RadioShack may run out of cash by as early as October 2015. In the report, analyst Mickey Chadha wrote, "Absent a credible turnaround strategy to improve sales growth and increase earnings, RadioShack will be hard pressed to remain relevant in the increasingly competitive mobile phone and consumer electronics business."
Chadha's bearishness seems justified now.
While citing poor in-store traffic and weakness in its mobility business, RadioShack said Thursday that its comparable-store sales were down 13.4% year over year. The metric tracks the performance of stores open at least one year.
RadioShack's results were disappointing, but not shocking.
On Wednesday, Commerce Department reported that consumer spending climbed more than was expected in November. That spending was helped by lower gas prices, which allowed consumers to spend more on other goods and services.
RadioShack apparently saw little of that money.
With shares now falling below their 50-day and 200-day moving averages, there is nothing preventing the stock -- which traded in the $20-dollar range four years ago -- from further declines.
Don't be a hero here. Now's not the time to think about dollar-cost-averaging, after decades of broken promises. Finally saying goodbye to RadioShack seems like the smarter move.
TheStreet Ratings team rates RADIOSHACK CORP as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate RADIOSHACK CORP (RSH) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, weak operating cash flow and generally disappointing historical performance in the stock itself."
You can view the full analysis from the report here: RSH Ratings Report
This article is commentary by an independent contributor. At the time of publication, the author held no position in the stocks mentioned.