CarParts.com Inc (PRTS) is destined for greater heights as its last quarter sales were 144,270 K

CarParts.com Inc (NASDAQ: PRTS) on Friday, plunged -3.30% from the previous trading day, before settling in for the closing price of $0.83. Within the past 52 weeks, PRTS’s price has moved between $0.72 and $5.00.

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Annual sales at Consumer Cyclical sector company grew by 20.41% over the past five years. The company achieved an average annual earnings per share of -235.56%. With a float of $53.82 million, this company’s outstanding shares have now reached $57.29 million.

Let’s look at the performance matrix of the company that is accounted for 1695 employees. In terms of profitability, gross margin is 30.94%, operating margin of -3.93%, and the pretax margin is -3.75%.

CarParts.com Inc (PRTS) Insider Updates

Observing investor behavior towards Auto Parts industry stocks is more important than anything else. The insider ownership of CarParts.com Inc is 6.05%, while institutional ownership is 59.79%. The most recent insider transaction that took place on Jun 11 ’24, was worth 103,400. In this transaction Director of this company bought 94,000 shares at a rate of $1.10, taking the stock ownership to the 252,097 shares. Before that another transaction happened on May 10 ’24, when Company’s Director bought 41,658 for $1.04, making the entire transaction worth $43,324. This insider now owns 282,107 shares in total.

CarParts.com Inc (PRTS) Performance Highlights and Predictions

As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.04 earnings per share (EPS) for the period topping the consensus outlook (set at -0.06) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -235.56% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -0.12% drop over the previous five years of trading.

CarParts.com Inc (NASDAQ: PRTS) Trading Performance Indicators

CarParts.com Inc (PRTS) is currently performing well based on its current performance indicators. A quick ratio of 0.51 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.07.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.42, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.40 in one year’s time.

Technical Analysis of CarParts.com Inc (PRTS)

CarParts.com Inc (NASDAQ: PRTS) saw its 5-day average volume 0.41 million, a negative change from its year-to-date volume of 0.87 million. As of the previous 9 days, the stock’s Stochastic %D was 32.64%. Additionally, its Average True Range was 0.06.

During the past 100 days, CarParts.com Inc’s (PRTS) raw stochastic average was set at 9.62%, which indicates a significant decrease from 52.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.49% in the past 14 days, which was lower than the 76.23% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.9924, while its 200-day Moving Average is $1.8819. Nevertheless, the first resistance level for the watch stands at $0.8276 in the near term. At $0.8514, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.8686. If the price goes on to break the first support level at $0.7866, it is likely to go to the next support level at $0.7694. Assuming the price breaks the second support level, the third support level stands at $0.7456.

CarParts.com Inc (NASDAQ: PRTS) Key Stats

Market capitalization of the company is 46.04 million based on 56,698K outstanding shares. Right now, sales total 675,730 K and income totals -8,220 K. The company made 144,270 K in profit during its latest quarter, and -8,690 K in sales during its previous quarter.