PARTS iD Inc (AMEX:ID) finished Wednesday with a subtraction of -$0.1 to close at $0.16, a downside of -37.74 percent. An average of 911,620 shares of common stock have been traded in the last five days. There was a fall of -$0.1326 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 734,805 shares traded, while the 50-day average volume stands at 348,724.
ID stock has decreased by -34.20% in the last month. The company shares reached their 1-month lowest point of $0.1428 on 09/27/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $0.17 and a high of $2.00 in 52 weeks. It has reached a new high 1 time so far this year and lost -83.33% or -$0.8125 in price. In spite of this, the price is down -91.88% from the 52-week high.
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Insider Transactions
ID stock investors should be aware that PARTS iD Inc (ID) stock had its last reported insider trading activity 273 days ago on Dec 29. In this transaction, the insider spent $16,051. Chief Financial Officer, Agrawal Kailas, disposed of 19,126 shares at a price of $0.81 on Dec 29. The insider now owns more than $15,435 worth of shares. Prior to that, VP of Vendor Relations Atwater Mark went on to Sale 18,360 shares at $0.81 each on Dec 29. An amount of $14,817 was transacted.
Valuation Metrics
PARTS iD Inc (ID) stock’s beta is -0.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.03.
Financial Health
The quick ratio of PARTS iD Inc for the three months ended March 30 was 0.06, and the current ratio was 0.12, indicating that the company is not able to meet its debt obligations. PARTS iD Inc’s EBITDA margin for the year ending March 30 is -2.15%, while its operating margin for the same period stands at -10.96%.
Earnings Surprise
The company posted a net income of -$4.01 million in the quarter, while revenues of -$6.48 million were grew 77.56%. The analyst consensus anticipated PARTS iD Inc’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.19, a -216.70% surprise. At the end of the quarter ending March 30, PARTS iD Inc’s stock balance sheet showed total debt was $8.22 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at PARTS iD Inc (ID) price momentum. RSI 9-day as of the close on 27 September was 25.33%, suggesting the stock is oversold, with historical volatility in this time frame at 261.15%.
As of today, ID’s price is $0.2509 -44.93% or -$0.1326 from its 5-day moving average. ID is currently trading -34.71% lower than its 20-day SMA and -61.88% lower than its 100-day SMA. However, the stock’s current price level is -66.15% below the SMA50 and -85.36% below the SMA200.
The stochastic %K and %D were 33.49% and 45.34%, respectively, and the average true range (ATR) was 0.0705. With the 14-day stochastic at 9.51% and the average true range at 0.0674, the RSI (14) stands at 31.40%. The stock has reached -0.0398 on the 9-day MACD Oscillator while the 14-day reading was at -0.0286.
Analyst Ratings
Canaccord Genuity downgraded PARTS iD Inc (AMEX: ID) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for PARTS iD Inc (ID) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ID, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is ID’s price target for the next 12 months?
Analysts predict a range of price targets between $1.00 and $1.00, with a median target of $1.00. Taking a look at these predictions, the average price target given by analysts for PARTS iD Inc (ID) stock is $1.00.
