CarParts.com Inc (PRTS) volume exceeds 1.12 million: A new investment opportunity for investors

CarParts.com Inc (NASDAQ: PRTS) on Monday, soared 9.88% from the previous trading day, before settling in for the closing price of $0.91. Within the past 52 weeks, PRTS’s price has moved between $0.68 and $1.66.

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A company in the Consumer Cyclical sector has jumped its sales by 18.45% annually for the last half of the decade. The company achieved an average annual earnings per share of 17.61%. With a float of $54.19 million, this company’s outstanding shares have now reached $58.30 million.

In an organization with 1466 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 31.97%, operating margin of -6.9%, and the pretax margin is -6.85%.

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 7.04%, while institutional ownership is 45.56%. 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

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 17.61% per share during the next fiscal year.

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 0.54 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 0.10.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.73, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.40 in one year’s time.

Technical Analysis of CarParts.com Inc (PRTS)

Let’s dig in a bit further. During the last 5-days, its volume was 1.09 million. That was better than the volume of 0.66 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 52.91%. Additionally, its Average True Range was 0.11.

During the past 100 days, CarParts.com Inc’s (PRTS) raw stochastic average was set at 31.09%, which indicates a significant decrease from 46.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 107.83% in the past 14 days, which was higher than the 93.77% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.0853, while its 200-day Moving Average is $0.9926. However, in the short run, CarParts.com Inc’s stock first resistance to watch stands at $1.0533. Second resistance stands at $1.1066. The third major resistance level sits at $1.1732. If the price goes on to break the first support level at $0.9334, it is likely to go to the next support level at $0.8668. Assuming the price breaks the second support level, the third support level stands at $0.8135.

CarParts.com Inc (NASDAQ: PRTS) Key Stats

Market capitalization of the company is 58.29 million based on 58,295K outstanding shares. Right now, sales total 675,730 K and income totals -8,220 K. The company made 144,750 K in profit during its latest quarter, and -10,020 K in sales during its previous quarter.