Potential Price Increase for Motorcar Parts of America Inc. (MPAA) After Recent Insider Activity


Motorcar Parts of America Inc.’s filing revealed that its VP, Sales & Marketing Mochulsky Richard K unloaded Company’s shares for reported $36450.0 on Aug 21. In the deal valued at $8.10 per share,4,500 shares were sold. As a result of this transaction, Mochulsky Richard K now holds 6,541 shares worth roughly $ 53178.33.

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Then, Bryan David bought 2,000 shares, generating $15,650 in total proceeds. Upon buying the shares at $7.83, the Director now owns 28,105 shares.

Before that, Ferguson Joseph Edwin bought 3,247 shares. Motorcar Parts of America Inc. shares valued at $24,994 were divested by the Director at a price of $7.70 per share. As a result of the transaction, Ferguson Joseph Edwin now holds 21,364 shares, worth roughly $0.17 million.

Craig Hallum downgraded its Motorcar Parts of America Inc. [MPAA] rating to a Hold from a a Buy in a research note published on Friday.

Price Performance Review of MPAA

On Friday, Motorcar Parts of America Inc. [NASDAQ:MPAA] saw its stock jump 3.04% to $8.13. On the same session, the stock had its day’s lowest price of $7.95, but rose to a high of $8.385. Over the last five days, the stock has gained 1.88%. Motorcar Parts of America Inc. shares have fallen nearly -31.45% since the year began. Nevertheless, the stocks have fallen -45.29% over the past one year. While a 52-week high of $19.93 was reached on 02/08/23, a 52-week low of $4.26 was recorded on 05/03/23. SMA at 50 days reached $8.40, while 200 days put it at $9.22. A total of 85228.0 shares were traded, compared to the trading of 0.12 million shares in the previous session.

Levels Of Support And Resistance For MPAA Stock

The 24-hour chart illustrates a support level at 7.92, which if violated will result in even more drops to 7.72. On the upside, there is a resistance level at 8.36. A further resistance level may holdings at 8.59. The Relative Strength Index (RSI) on the 14-day chart is 48.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.04%. Stochastics %K at 31.60% indicates the stock is a holding.

How much short interest is there in Motorcar Parts of America Inc.?

A steep rise in short interest was recorded in Motorcar Parts of America Inc. stocks on Aug 14, 2023, growing by 0.1 million shares to a total of 0.93 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.83 million shares. There was a rise of 10.83%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.31% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.12.

Motorcar Parts of America Inc. [MPAA] – Who Are The Largest Shareholders?

In filings from Private Capital Management LLC, it is revealed that the company now owns 2,459,853 shares, or roughly 12.62% of the outstanding MPAA shares. In other words, the investor’s shares have risen by 710,543 from its previous 13-F filing of 1749310.0. Additionally, 325 Capital LLC increased 36.03% of its stake after which the total value it holdings stand at $12,603,361, while Tieton Capital Management LLC added 79.51% of its stake to hold $9.34 million in the firm. Over the last quarter, Millennium Management LLC purchased 339,084 shares of Motorcar Parts of America Inc., while Dimensional Fund Advisors LP bought -473,336 shares. At present, Pacific Ridge Capital Partners LL is holding 863,829 shares valued at $7.75 million. RBF Capital LLC owned 837,959 shares of the company at the time of its most recent 13F filing, worth $7.52 million.

According to FactSet, Motorcar Parts of America Inc.’s share price will average $12.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 52.09 percent from its previous closing price of $7.89. Analysts expect Motorcar Parts of America Inc. stock to reach the higher price of $12.00, while the lowest price estimate is $12.00. However, 1 analyst have rated MPAA stock as a Buy in their predictions for 2023.


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