CarParts.com Inc. (NASDAQ:PRTS) does about 838.36K shares in volume on a normal day but saw 762591 shares change hands in Friday trading. The company now has a market cap of 372.10M USD. Its current market price is $6.81, marking a decrease of -2.85% compared to the previous close of $7.01. The 52 week high reached by this stock is $9.52 whilst the lowest price level in 52 weeks is $3.91. The script in recent trading has seen the stock touch a high of $7.07 and a low of $6.725.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
CarParts.com Inc. (PRTS) has a 20-day trading average at $6.91 and the current price is -28.47% off the 52-week high compared with 73.95% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.57 and its 200-day simple moving average is $6.62. If we look at the stock’s price movements over the week, volatility stands at 5.48%, which decreases to 5.37% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 50.19 to suggest the stock is neutral.
The consensus objective for the share price is $12.00, suggesting that the stock has a potential upside of 43.25% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 04, 2022 when Lake Street initiated the stock to “Buy” and issued a price target of $18. DA Davidson initiated its price target at $19.
The current price level is -1.38%, 4.12%, and 2.80% away from its SMA20, SMA50, and SMA200 respectively, with the PRTS price moving above the 50-day SMA on February 17. CarParts.com Inc. (PRTS) stock is down -0.58% over the week and 2.87% over the past month. Its price is 8.79% year-to-date and -26.46% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of -$0.02 above consensus estimates by $0.04. The company’s next earnings report is expected on 05/10/2023, with forecasts estimating quarterly EPS at -$0.11 and -$0.02 for whole year. PRTS’s earnings per share are forecast to grow by 90.00% this year and 200.00% over next year. Expected sales for next quarter are $185.62 million, which analysts say will come at $658.26 million for the current fiscal year and next year at $736.08 million. In addition, estimates put the company’s current quarterly revenue at an average of $151.18 million.
Its 12-month price target is $10.00. To reach the target analysts have set, the stock logically needs to grow 43.25 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $9.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $17.00.
Outstanding shares total 54.48M with insiders holding 8.16% of the shares and institutional holders owning 82.46% of the company’s common stock. The company has a return on investment of -8.50% and return on equity of 0.20%. The forward price to earnings ratio is 309.55. The beta has a value of 2.19. Price to book ratio is 3.32 and price to sales ratio is 0.58.
According to a U.S. Securities and Exchange Commission filing, Janus Henderson Venture Fund has reduced its position in CarParts.com Inc. (PRTS) to 2,214,195 shares, mirroring a recent drop by -4.82%. Janus Henderson Venture Fund dumped -0.11 million shares of CarParts.com Inc. common stock bringing its total worth to about $15.1 million at the end of recent close, SEC documents show. iShares Russell 2000 ETF cut their holdings by -0.29% in the company over the course of the most recent quarter. It now holds a 2.11% position in CarParts.com Inc. thanks to 1.15 million shares amounting to $7.83 million.
