As of Friday close, Motorcar Parts of America Inc.’s (NASDAQ:MPAA) stock was down -$0.74, moving down -8.10 percent to $8.40. The average number of shares traded per day over the past five days has been 1,504,520 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.70 fall in that time frame. In the last twenty days, the average volume was 495,070, while in the previous 50 days, it was 235,542.
Since last month, MPAA stock retreated -37.64%. Shares of the company fell to $8.12 on 03/15/23, the lowest level in the past month. A 52-week high of $19.93 was reached on 02/08/23 after having rallying from a 52-week low of $8.12. Since the beginning of this year, MPAA’s stock price has dropped by -29.17% or -$3.46, and marked a new high 12 times. However, the stock has declined by -57.85% since its 52-week high.
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Sponsored
MPAA stock investors should be aware that Motorcar Parts of America Inc. (MPAA) stock had its last reported insider trading activity 96 days ago on Dec 12. Bryan David, the Director of the company, purchased of 550 shares for $10.52 on Dec 12. It resulted in a $5,786 investment by the insider. Borneo Rudolph J sold 3,000 shares at an average price of $13.25 on Nov 22. The insider now owns 37,056 shares following the transaction. On Nov 15, Director Ferguson Joseph Edwin sold 4,331 shares at $14.42 apiece. The transaction was valued at $62,461.
Valuation Metrics
The stock’s beta is 1.41. Besides these, the trailing price-to-sales (P/S) ratio of 0.26, the price-to-book (PB) ratio of 0.52.
Financial Health
In the three months ended December 30, Motorcar Parts of America Inc.’s quick ratio stood at 0.40, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.04, and the total debt-to-equity ratio was 0.61. On the profitability front, the trailing twelve-month gross margin is 15.90% percent. In the year ended December 30, operating margins totaled 2.70%. Based on annual data, MPAA earned $117.86 million in gross profit and brought in $650.31 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.70%. Return on equity (ROE) for the past 12 months was -1.90%.
In Motorcar Parts of America Inc.’s quarter-end financial report for December 30, it reported total debt of $10.23 million against cash and short-term investments of $2.17 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MPAA’s revenue fell -6.58% to $172.54 million during the quarter, while net income inched up to $151.82 million. While analysts expected Motorcar Parts of America Inc. to report $0.55 quarterly earnings, the actual figure was $0.21 per share, beating the consensus estimate by -61.80%. During the quarter, the company generated $10.14 million in EBITDA. The liabilities of Motorcar Parts of America Inc. were 701.59 million at the end of its most recent quarter ended December 30, and its total debt was $268.0 million. The value of shareholders’ equity is $19.49 million.
Technical Picture
This quick technical analysis looks at Motorcar Parts of America Inc.’s (MPAA) price momentum. With a historical volatility rate of 75.07%, the RSI 9-day stood at 17.67% on 17 March.
With respect to its five-day moving average, the current Motorcar Parts of America Inc. price is down by -16.83% percent or -$1.70. At present, MPAA shares trade -37.55% below its 20-day simple moving average and -52.00% percent below its 100-day simple moving average. However, the stock is currently trading approximately -28.93% below its SMA50 and -43.36% below its SMA200.
Stochastic coefficient K was 12.45% and Stochastic coefficient D was 10.60%, while ATR was 0.75. Given the Stochastic reading of 5.31% for the 14-day period, the RSI (14) reading has been calculated as 21.09%. As of today, the MACD Oscillator reading stands at -0.82, while the 14-day reading stands at -1.97.
Analyst Ratings
Motorcar Parts of America Inc. downgraded its rating on Motorcar Parts of America Inc. (NASDAQ: MPAA) to a Hold in a note to investors on August 11, 2020. The analysts firm previously had a Buy rating on the stock.Motorcar Parts of America Inc. (MPAA) has been rated Buy by analysts. According to 0 brokerage firms, MPAA is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Motorcar Parts of America Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $16.00, the current consensus forecast for the stock is $16.00 – $16.00. Based on these forecasts, analysts predict Motorcar Parts of America Inc. (MPAA) will achieve an average price target of $16.00.