CarParts.com Inc (NASDAQ:PRTS) shares, rose in value, with the stock price down by -13.09% to the previous day’s close as strong demand from buyers drove the stock to $0.90.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.04, falling within a range of $0.88 and $1.05. The value of beta (5-year monthly) is 2.103. Referring to stock’s 52-week performance, its high was $1.66, and the low was $0.68. On the whole, PRTS has fluctuated by -7.91% over the past month.
With the market capitalization of CarParts.com Inc currently standing at about $52.70 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-24.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 584.64M, with a low estimate of 142.59M and a high estimate of 149.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 146.14M.
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% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of PRTS currently trading nearly -12.37% and -17.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.34, while the 7-day volatility ratio is showing 13.01% which for the 30-day chart, stands at 10.47%. Furthermore, CarParts.com Inc (PRTS)’s beta value is 2.05, and its average true range (ATR) is 0.11.
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 -13.09% in today’s session so far, and over the past year, it shrunk by -44.88%%.
Data on historical trading for CarParts.com Inc (NASDAQ:PRTS) indicates that the trading volumes over the past 10 days have averaged 0.63 and over the past 3 months, they’ve averaged 638.73K. According to company’s latest data on outstanding shares, there are 53.67 million shares outstanding.
Nearly 7.04% of CarParts.com Inc’s shares belong to company insiders and institutional investors own 46.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.56 million shares as on 2025-03-14, resulting in a short ratio of 0.64. According to the data, the short interest in CarParts.com Inc (PRTS) stood at 124.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 0.66 million. The stock has fallen by -16.31% 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.
