CarParts.com Inc. (NASDAQ:PRTS) finished Friday with a subtraction of -$0.09 to close at $4.23, a downside of -2.08 percent. An average of 1,098,400 shares of common stock have been traded in the last five days. There was a fall of -$0.26 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 888,690 shares traded, while the 50-day average volume stands at 762,438.
PRTS stock has decreased by -9.03% in the last month. The company shares reached their 1-month lowest point of $4.07 on 08/02/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $3.82 and a high of $9.24 in 52 weeks. It has reached a new high 8 times so far this year and lost -32.43% or -$2.03 in price. In spite of this, the price is down -54.22% from the 52-week high.
Insider Transactions
PRTS stock investors should be aware that CarParts.com Inc. (PRTS) stock had its last reported insider trading activity 89 days ago on Aug 04. In this transaction, the insider spent $3,624. Chief Financial Officer, Lockwood Ryan, disposed of 7,775 shares at a price of $5.08 on Apr 19. The insider now owns more than $39,497 worth of shares. Prior to that, Chief Technology Officer Subramanian Kals went on to Sale 4,953 shares at $5.08 each on Apr 19. An amount of $25,161 was transacted.
Valuation Metrics
CarParts.com Inc. (PRTS) stock’s beta is 2.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.35, the price-to-book (PB) ratio at 2.01, and the price-to-cash flow ratio at 3.50.
Financial Health
The quick ratio of CarParts.com Inc. for the three months ended June 29 was 0.80, and the current ratio was 1.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.12 and a total debt to equity ratio of 0.15 for the quarter ending June 29. CarParts.com Inc.’s EBITDA margin for the year ending June 29 is 2.17%, while its operating margin for the same period stands at -0.90%. Its gross profit as reported stood at $230.89 million compared to revenue of $661.6 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CarParts.com Inc.’s return on assets was -2.70%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The analyst consensus anticipated CarParts.com Inc.’s latest quarter earnings to come in at $0 per share, but it turned out to be -$0.01. For the quarter, EBITDA amounted to $3.43 million. Shareholders own equity worth $57.02 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at CarParts.com Inc. (PRTS) price momentum. RSI 9-day as of the close on 11 August was 36.52%, suggesting the stock is Neutral, with historical volatility in this time frame at 57.82%.
As of today, PRTS’s price is $4.26 -5.79% or -$0.26 from its 5-day moving average. PRTS is currently trading -6.42% lower than its 20-day SMA and -19.89% lower than its 100-day SMA. However, the stock’s current price level is +1.44% above the SMA50 and -10.76% below the SMA200.
The stochastic %K and %D were 19.05% and 18.13%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 14.75% and the average true range at 0.24, the RSI (14) stands at 41.34%. The stock has reached -0.13 on the 9-day MACD Oscillator while the 14-day reading was at -0.33.
Analyst Ratings
Lake Street launched coverage on CarParts.com Inc. (NASDAQ: PRTS) in its analyst report released on March 04, 2022. The firm assigned the stock a Buy rating. The consensus rating for CarParts.com Inc. (PRTS) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PRTS, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is PRTS’s price target for the next 12 months?
Analysts predict a range of price targets between $5.50 and $17.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for CarParts.com Inc. (PRTS) stock is $10.30.
