CarParts.com Inc. [NASDAQ: PRTS] loss -5.71% or -0.74 points to close at $12.22 with a heavy trading volume of 2327522 shares. The company report on December 16, 2020 that Lev Peker and David Meniane of CarParts.com Win Silver Medals in 10th Annual Best in Biz Awards.
The company’s CEO and CFO/COO are being recognized for exceptional executive leadership in 2020.
CarParts.com, Inc. (NASDAQ: PRTS) (“CarParts.com”) CEO Lev Peker and CFO/COO David Meniane have been named silver medal winners in the Executive of the Year and Operations Executive of the Year for mid-sized companies categories in the Best in Biz Awards, the only independent business awards program judged each year by prominent editors and reporters from top-tier publications in North America.
It opened the trading session at $13.10, the shares rose to $13.33 and dropped to $12.0538, the range by which the price of stock traded the whole day. The daily chart for PRTS points out that the company has recorded 41.76% gains over the past six months. However, it is still -1075.0% lower than its most recent low trading price.
If we look at the average trading volume of 2.37M shares, PRTS reached to a volume of 2327522 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about CarParts.com Inc. [PRTS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRTS shares is $18.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRTS stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH Capital have made an estimate for CarParts.com Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 09, 2020. While these analysts kept the previous recommendation, DA Davidson raised their target price to Buy. The new note on the price target was released on September 01, 2020, representing the official price target for CarParts.com Inc. stock. Previously, the target price had yet another raise to $4, while Craig Hallum analysts kept a Buy rating on PRTS stock.
The Average True Range (ATR) for CarParts.com Inc. is set at 1.00, with the Price to Sales ratio for PRTS stock in the period of the last 12 months amounting to 1.52. The Price to Book ratio for the last quarter was 6.47.
Trading performance analysis for PRTS stock
CarParts.com Inc. [PRTS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.41. With this latest performance, PRTS shares dropped by -9.48% in over the last four-week period, additionally plugging by 41.76% over the last 6 months – not to mention a rise of 490.34% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRTS stock in for the last two-week period is set at 42.47, with the RSI for the last a single of trading hit 39.23, and the three-weeks RSI is set at 45.16 for CarParts.com Inc. [PRTS]. The present Moving Average for the last 50 days of trading for this stock 13.21, while it was recorded at 12.15 for the last single week of trading, and 9.54 for the last 200 days.
CarParts.com Inc. [PRTS]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and CarParts.com Inc. [PRTS] shares currently have an operating margin of -2.94 and a Gross Margin at +27.75. CarParts.com Inc.’s Net Margin is presently recorded at -11.24.
Return on Total Capital for PRTS is now -16.39, given the latest momentum, and Return on Invested Capital for the company is -86.59. Return on Equity for this stock declined to -123.23, with Return on Assets sitting at -33.93. When it comes to the capital structure of this company, CarParts.com Inc. [PRTS] has a Total Debt to Total Equity ratio set at 233.07. Additionally, PRTS Total Debt to Total Capital is recorded at 69.98, with Total Debt to Total Assets ending up at 32.81. Long-Term Debt to Equity for the company is recorded at 105.89, with the Long-Term Debt to Total Capital now at 31.78.
Reflecting on the efficiency of the workforce at the company, CarParts.com Inc. [PRTS] managed to generate an average of -$37,423 per employee. Receivables Turnover for the company is 87.76 with a Total Asset Turnover recorded at a value of 3.02.CarParts.com Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.90.
CarParts.com Inc. [PRTS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, CarParts.com Inc. posted -0.71/share EPS, while the average EPS was predicted by analysts to be reported at -0.06/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1,083.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PRTS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CarParts.com Inc. go to 15.00%.
An analysis of insider ownership at CarParts.com Inc. [PRTS]
There are presently around $407 million, or 75.10% of PRTS stock, in the hands of institutional investors. The top three institutional holders of PRTS stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 3,513,755, which is approximately 23.037% of the company’s market cap and around 3.10% of the total institutional ownership; G2 INVESTMENT PARTNERS MANAGEMENT LLC, holding 2,742,560 shares of the stock with an approximate value of $33.51 million in PRTS stocks shares; and PARK WEST ASSET MANAGEMENT LLC, currently with $27.89 million in PRTS stock with ownership of nearly New of the company’s market capitalization.
Positions in CarParts.com Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 80 institutional holders increased their position in CarParts.com Inc. [NASDAQ:PRTS] by around 18,565,139 shares. Additionally, 40 investors decreased positions by around 1,869,222 shares, while 5 investors held positions by with 12,891,127 shares. The mentioned changes placed institutional holdings at 33,325,488 shares, according to the latest SEC report filing. PRTS stock had 44 new institutional investments in for a total of 11,227,735 shares, while 16 institutional investors sold positions of 432,254 shares during the same period.