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A Guide To The Risks Of Investing In CarParts.com Inc (PRTS)

CarParts.com Inc’s recent filing unveils that its Director BARNES JIM acquired Company’s shares for reported $0.1 million on Jun 11 ’24. In the deal valued at $1.10 per share,94,000 shares were bought. As a result of this transaction, BARNES JIM now holds 252,097 shares worth roughly $0.28 million.

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Then, GREYSON JAY KEITH bought 41,658 shares, generating $43,324 in total proceeds. Upon buying the shares at $1.04, the Director now owns 282,107 shares.

Lake Street initiated its CarParts.com Inc [PRTS] rating to a Buy in a research note published on March 04, 2022; the price target was $18. DA Davidson began covering PRTS with “Buy” recommendation on September 01, 2020. Craig Hallum started covering the stock on January 08, 2020. It rated PRTS as “a Buy”.

Price Performance Review of PRTS

On Friday, CarParts.com Inc [NASDAQ:PRTS] saw its stock jump 0.90% to $1.12. Over the last five days, the stock has gained 10.89%. CarParts.com Inc shares have fallen nearly -64.56% since the year began. Nevertheless, the stocks have fallen -64.89% over the past one year. While a 52-week high of $3.65 was reached on 01/02/24, a 52-week low of $0.68 was recorded on 10/24/24. SMA at 50 days reached $0.8805, while 200 days put it at $1.2287.

Levels Of Support And Resistance For PRTS Stock

The 24-hour chart illustrates a support level at 1.0697, which if violated will result in even more drops to 1.0193. On the upside, there is a resistance level at 1.1752. A further resistance level may holdings at 1.2303. The Relative Strength Index (RSI) on the 14-day chart is 71.65, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0918, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.36%. Stochastics %K at 83.11% indicates the stock is a selling.

How much short interest is there in CarParts.com Inc?

A steep rise in short interest was recorded in CarParts.com Inc stocks on 2024-10-31, growing by 0.16 million shares to a total of 1.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.96 million shares. There was a rise of 14.03%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on September 13, 2018 when Barrington Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $5 price target.

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