Analysts Offer Important Insight On CarParts.com Inc (PRTS)

CarParts.com Inc (NASDAQ:PRTS) concluded the trading at $0.94 on current market day with a fall of -4.71% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.98 and 5Y monthly beta was reading 2.057 with its price kept floating in the range of $0.88 and $0.983 on the day. Considering stock’s 52-week price range provides that PRTS hit a high price of $3.65 and saw its price falling to a low level of $0.68 during that period. Over a period of past 1-month, stock came adding 14.04% in its value.

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With its current market valuation of $53.87 million, CarParts.com Inc is set to declare its quarterly results on 2025-Mar-05. Analysts are in estimates of -0.19 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -0.63 for current year with estimates of that growing to -0.45 in next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 140.81M. They suggested that in the process company could generate revenue of as low as 140M which could climb up to 141.64M to hit a high. The average estimate is representing a decrease of -10.00% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 596.12M in current fiscal year, which will be -11.80% less from revenue generated by the company last year.

In contrast, when we review PRTS stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 50% Sell for it.

Digging deeper we become aware of the PEG ratio of the PRTS stock which is currently positioned at 0. It further provides that stock’s current price level is 14.07% away from its 20-day simple moving average and is 10.03% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 59.23 while volatility remained at 12.69% over the past week which changes to 8.52% when measuring it over the past month. Beta is valued at 2.04, while measure of average true range or ATR is currently at 0.07.

Having a second look at CarParts.com Inc (NASDAQ:PRTS) provides that stock’s average daily trading volume for 3 months was 584.89K, while it jumped to 835370 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 57.40 million.

The percentage of outstanding shares held by the insiders is 6.02% while it is 57.56% for the institutional holders. The figures also indicate that as of 2024-10-15, number of stock’s short shares was 0.91 million which implies a short ratio of 2.93. This shows down a 202.00 of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 0.92 million in the previous month. Subtraction of -70.30% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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