New Big Money Means CarParts.com Inc (PRTS) Investors Could Reap Benefit

CarParts.com Inc (NASDAQ: PRTS) is -20.57% lower on its value in year-to-date trading and has touched a low of $2.50 and a high of $7.42 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRTS stock was last observed hovering at around $2.65 in the last trading session, with the day’s loss setting it -0.14%.

Currently trading at $2.51, the stock is -12.56% and -18.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -5.28% at the moment leaves the stock -35.14% off its SMA200. PRTS registered -62.54% loss for a year compared to 6-month loss of -41.36%. The firm has a 50-day simple moving average (SMA 50) of $0.17 and a 200-day simple moving average (SMA200) of $11.13.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

The stock witnessed a -17.43% gain in the last 1 month and extending the period to 3 months gives it a -18.51%, and is -10.36% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.88% over the week and 4.46% over the month.

CarParts.com Inc (PRTS) has around 1532 employees, a market worth around $144.32M and $673.86M in sales. Profit margin for the company is -1.24%. Distance from 52-week low is 0.40% and -66.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.62%).

CarParts.com Inc quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $154.27M over the same period.The EPS is expected to shrink by -612.50% this year, but quarterly earnings will post 1.80% year-over-year. Quarterly sales are estimated to shrink -0.20% in year-over-year returns.

142 institutions hold shares in CarParts.com Inc (PRTS), with institutional investors hold 81.58% of the company’s shares. The shares outstanding are 57.50M, and float is at 52.67M with Short Float at 1.83%. Institutions hold 75.26% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 4.43 million shares valued at $18.83 million. The investor’s holdings represent 7.77% of the PRTS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.92 million shares valued at $16.66 million to account for 6.88% of the shares outstanding. The other top investors are Oaktop Capital Management II, L.P. which holds 3.34 million shares representing 5.86% and valued at over $14.2 million, while Kanen Wealth Management Llc holds 5.55% of the shares totaling 3.16 million with a market value of $13.44 million.

CarParts.com Inc (PRTS) Insider Activity

A total of 1 insider transactions have happened at CarParts.com Inc (PRTS) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider purchase by Huffaker Michael, the company’s Chief Operating Officer. SEC filings show that Huffaker Michael bought 2,466 shares of the company’s common stock on Aug 04 at a price of $4.41 per share for a total of $10875.0. Following the purchase, the insider now owns 4169.0 shares.

CarParts.com Inc disclosed in a document filed with the SEC on May 15 that Lockwood Ryan (Chief Financial Officer) sold a total of 818 shares of the company’s common stock. The trade occurred on May 15 and was made at $4.43 per share for $3624.0. Following the transaction, the insider now directly holds 59917.0 shares of the PRTS stock.

Still, SEC filings show that on Apr 19, Lockwood Ryan (Chief Financial Officer) disposed off 7,775 shares at an average price of $5.08 for $39497.0. The insider now directly holds 58,367 shares of CarParts.com Inc (PRTS).