CarParts.com Inc. (NASDAQ:PRTS) does about 1.34M shares in volume on a normal day but saw 1466444 shares change hands in Friday trading. The company now has a market cap of 698.21M USD and an enterprise value of about $709.76M. Its current market price is $14.78, marking a decrease of -1.73% compared to the previous close of $15.04. The 52 week high reached by this stock is $16.44 whilst the lowest price level in 52 weeks is $1.04. The script in recent trading has seen the stock touch a high of $15.27 and a low of $14.11.
CarParts.com Inc. (PRTS) has a 20-day trading average at $13.87 and the current price is -10.10% off the 52-week high compared with 1321.15% distance from its 52-week low. The 50-day simple moving average of the closing price is $11.51 and its 200-day simple moving average is $5.15. If we look at the stock’s price movements over the week, volatility stands at 7.32%, which increases to 9.83% 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 62.71 to suggest the stock is neutral.
3 analysts observing the CarParts.com Inc. (PRTS) stock have set the 12-month price targets for the company’s shares at between $16.00 and $20.00. The consensus objective for the share price is $18.00, suggesting that the stock has a potential upside of 17.89% over the period. The median price target is 26.1% away from the current levels at $20.00.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 08, 2020 when Craig Hallum initiated the stock to “Buy” and issued a price target of $4. ROTH Capital resumed its price target at $4.50.
The current price level is 7.78%, 29.94%, and 190.51% away from its SMA20, SMA50, and SMA200 respectively, with the PRTS price moving below the 50-day SMA on August 21. CarParts.com Inc. (PRTS) stock is up 1.72% over the week and 24.31% over the past month. Its price is 571.82% year-to-date and 1063.78% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.03 above consensus estimates by $0.03. The company’s next earnings report is expected on 11/02/2020, with forecasts estimating quarterly EPS at $0.01 and -$0.01 for whole year. PRTS’s earnings per share are forecast to grow by 98.90% this year and 800.00% over next year. Expected sales for next quarter are $78.37 million, which analysts say will come at $373.91 million for the current fiscal year and next year at $415.32 million. In addition, estimates put the company’s current quarterly revenue at an average of $88.79 million.
Its 12-month price target is $20.00. To reach the target analysts have set, the stock logically needs to grow 17.89 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 $16.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $20.00.
Outstanding shares total 39.39M with insiders holding 27.88% of the shares and institutional holders owning 40.76% of the company’s common stock. The company has a return on investment of -126.30% and return on equity of -124.70%. The forward price to earnings ratio is 211.14. The beta has a value of 2.79. Price to book ratio is 28.42 and price to sales ratio is 2.06.
According to a U.S. Securities and Exchange Commission filing, Northern Lights Fund Trust II – N has reduced its position in CarParts.com Inc. (PRTS) to 675,000 shares, mirroring a recent drop by -48.13%. Northern Lights Fund Trust II – N dumped -0.63 million shares of CarParts.com Inc. common stock bringing its total worth to about $9.28 million at the end of recent close, SEC documents show. Northern Lights Fund Trust II – N isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 0.0 shares to end up with 577,382 shares worth $7.94 million.