The stock price of CarParts.com Inc (NASDAQ: PRTS) has surged by 2.64 when compared to previous closing price of 0.89, but the company has seen a -6.95% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-29 that CarParts.com, Inc. (NASDAQ:PRTS ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants Tina Mirfarsi – Senior Vice President of Global Communications and Brand David Meniane – Chief Executive Officer Ryan Lockwood – Chief Financial Officer Conference Call Participants Ryan Sigdahl – Craig-Hallum Capital Group Operator Good afternoon. At this time all participants will be in a listen-only mode.
Is It Worth Investing in CarParts.com Inc (NASDAQ: PRTS) Right Now?
The 36-month beta value for PRTS is also noteworthy at 2.01. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PRTS is 53.95M, and at present, short sellers hold a 2.06% of that float. The average trading volume of PRTS on November 14, 2024 was 511.24K shares.
PRTS’s Market Performance
The stock of CarParts.com Inc (PRTS) has seen a -6.95% decrease in the past week, with a 12.51% rise in the past month, and a 15.24% gain in the past quarter. The volatility ratio for the week is 7.52%, and the volatility levels for the past 30 days are at 8.67% for PRTS. The simple moving average for the past 20 days is 8.80% for PRTS’s stock, with a -28.26% simple moving average for the past 200 days.
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 6.80% 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 -74.89% of loss for the given period.
Volatility was left at 8.67%, however, over the last 30 days, the volatility rate increased by 7.52%, as shares surge +13.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.47% upper at present.
During the last 5 trading sessions, PRTS fell by -8.61%, which changed the moving average for the period of 200-days by -66.54% in comparison to the 20-day moving average, which settled at $0.8414. In addition, CarParts.com Inc saw -71.00% 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:
- -0.05 for the present operating margin
- 0.31 for the gross margin
The net margin for CarParts.com Inc stands at -0.05. The total capital return value is set at -0.24. Equity return is now at value -29.11, with -12.55 for asset returns.
Currently, EBITDA for the company is 10.04 million with net debt to EBITDA at 2.31. When we switch over and look at the enterprise to sales, we see a ratio of 0.04. The receivables turnover for the company is 72.59for trailing twelve months and the total asset turnover is 2.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
Conclusion
In summary, CarParts.com Inc (PRTS) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
