CarParts.com Inc (NASDAQ:PRTS) shares, rose in value, with the stock price up by 40.72% to the previous day’s close as strong demand from buyers drove the stock to $1.24.
Actively observing the price movement in the last trading, the stock closed the session at $0.88. Referring to stock’s 52-week performance, its high was $2.60, and the low was $0.68. On the whole, PRTS has fluctuated by 5.98% over the past month.
With the market capitalization of CarParts.com Inc currently standing at about $71.17 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 596.48M, with a low estimate of 140.8M and a high estimate of 141.64M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 141.22M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PRTS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of PRTS currently trading nearly 20.24% and 12.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.82, while the 7-day volatility ratio is showing 11.02% which for the 30-day chart, stands at 7.70%. Furthermore, CarParts.com Inc (PRTS)’s beta value is 2.13, and its average true range (ATR) is 0.10.
A comparison of CarParts.com Inc (PRTS) with its peers suggests the former has fared considerably weaker in the market. PRTS showed an intraday change of 40.72% in last session, and over the past year, it shrunk by -50.99%%.
Data on historical trading for CarParts.com Inc (NASDAQ:PRTS) indicates that the trading volumes over the past 3 months, they’ve averaged 407.12K. According to company’s latest data on outstanding shares, there are 53.60 million shares outstanding.
Nearly 7.04% of CarParts.com Inc’s shares belong to company insiders and institutional investors own 46.34% of the company’s shares. The stock has risen by 14.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PRTS stock heading into the next quarter.
