The stock of CarParts.com Inc (PRTS) has seen a -6.19% decrease in the past week, with a -18.93% drop in the past month, and a -31.89% decrease in the past quarter. The volatility ratio for the week is 5.21%, and the volatility levels for the past 30 days are at 6.86% for PRTS. The simple moving average for the past 20 days is -2.31% for PRTS’s stock, with a -57.55% simple moving average for the past 200 days.
Is It Worth Investing in CarParts.com Inc (NASDAQ: PRTS) Right Now?
PRTS has 36-month beta value of 2.06. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PRTS is 53.82M, and currently, short sellers hold a 1.11% ratio of that float. The average trading volume of PRTS on September 02, 2024 was 1.10M shares.
PRTS) stock’s latest price update
CarParts.com Inc (NASDAQ: PRTS) has seen a decline in its stock price by -3.30 in relation to its previous close of 0.83. However, the company has experienced a -6.19% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-30 that CarParts.com, Inc. (NASDAQ:PRTS ) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Tina Mirfarsi – Senior Vice President of Global Communications & Culture David Meniane – Chief Executive Officer Ryan Lockwood – Chief Financial Officer Michael Huffaker – Chief Operating Officer Conference Call Participants Ryan Sigdahl – Craig-Hallum Capital Group Ryan Meyers – Lake Street Capital Markets. Operator Good afternoon.
Analysts’ Opinion of PRTS
Many brokerage firms have already submitted their reports for PRTS stocks, with Lake Street repeating the rating for PRTS by listing it as a “Buy.” The predicted price for PRTS in the upcoming period, according to Lake Street is $18 based on the research report published on March 04, 2022 of the previous year 2022.
ROTH Capital, on the other hand, stated in their research note that they expect to see PRTS reach a price target of $17. The rating they have provided for PRTS stocks is “Buy” according to the report published on September 09th, 2020.
DA Davidson gave a rating of “Buy” to PRTS, setting the target price at $19 in the report published on September 01st of the previous year.
PRTS Trading at -19.49% from the 50-Day Moving Average
After a stumble in the market that brought PRTS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.93% of loss for the given period.
Volatility was left at 6.86%, however, over the last 30 days, the volatility rate increased by 5.21%, as shares sank -15.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.94% lower at present.
During the last 5 trading sessions, PRTS fell by -6.19%, which changed the moving average for the period of 200-days by -73.56% in comparison to the 20-day moving average, which settled at $0.8155. In addition, CarParts.com Inc saw -74.57% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PRTS starting from BARNES JIM, who purchase 94,000 shares at the price of $1.10 back on Jun 11 ’24. After this action, BARNES JIM now owns 252,097 shares of CarParts.com Inc, valued at $103,400 using the latest closing price.
GREYSON JAY KEITH, the Director of CarParts.com Inc, purchase 41,658 shares at $1.04 during a trade that took place back on May 10 ’24, which means that GREYSON JAY KEITH is holding 282,107 shares at $43,324 based on the most recent closing price.
Stock Fundamentals for PRTS
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.31 for the gross margin
The net margin for CarParts.com Inc stands at -0.04. The total capital return value is set at -0.17. Equity return is now at value -21.35, with -9.32 for asset returns.
Based on CarParts.com Inc (PRTS), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at -0.35. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is -19.21.
Currently, EBITDA for the company is 6.84 million with net debt to EBITDA at -1.75. When we switch over and look at the enterprise to sales, we see a ratio of 0.09. The receivables turnover for the company is 103.11for trailing twelve months and the total asset turnover is 2.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.
Conclusion
To put it simply, CarParts.com Inc (PRTS) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
