CarParts.com Inc [NASDAQ: PRTS] loss -2.59% or -0.03 points to close at $1.13 with a heavy trading volume of 3350266 shares.
The daily chart for PRTS points out that the company has recorded -63.07% loss over the past six months.
If we look at the average trading volume of 783.17K shares, PRTS reached to a volume of 3350266 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 $3.00 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 1.67. 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.
Lake Street have made an estimate for CarParts.com Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 04, 2022. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on September 09, 2020, representing the official price target for CarParts.com Inc stock. Previously, the target price had yet another raise to $19, while DA Davidson analysts kept a Buy rating on PRTS stock.
The Average True Range (ATR) for CarParts.com Inc is set at 0.09, with the Price to Sales ratio for PRTS stock in the period of the last 12 months amounting to 0.10. The Price to Book ratio for the last quarter was 0.54, with the Price to Cash per share for the same quarter was set at 0.81. Price to Free Cash Flow for PRTS in the course of the last twelve months was 14.85 with Quick ratio for the last quarter at 0.56.
Trading performance analysis for PRTS stock
CarParts.com Inc [PRTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.83. With this latest performance, PRTS shares dropped by -28.93% in over the last four-week period, additionally sinking by -63.07% over the last 6 months – not to mention a drop of -75.43% 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 24.62, with the RSI for the last a single of trading hit 24.59, and the three-weeks RSI is set at 25.47 for CarParts.com Inc [PRTS]. The present Moving Average for the last 50 days of trading for this stock 1.6252, while it was recorded at 1.2100 for the last single week of trading, and 3.0772 for the last 200 days.
CarParts.com Inc [PRTS]: A deeper dive into fundamental analysis
CarParts.com Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.56 and a Current Ratio set at 1.63.
CarParts.com Inc [PRTS]: An earnings per share (EPS) analysis
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 Institutional ownership at CarParts.com Inc [PRTS]
The top three institutional holders of PRTS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PRTS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PRTS stock with ownership which is approximately 5.8386%.
