CarParts.com Inc (NASDAQ:PRTS) price on Friday, June 13, fall -5.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.81.
A look at the stock’s price movement, the close in the last trading session was $0.85. Turning to its 52-week performance, $1.45 and $0.68 were the 52-week high and 52-week low respectively. Overall, PRTS moved 1.97% over the past month.
CarParts.com Inc’s market cap currently stands at around $47.11 million, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 153.46M for the company’s revenue for the quarter, with a low and high estimate of 151.5M and 155.42M respectively. The average forecast suggests up to a 6.37% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 587.31M, representing a -0.26% decline on that reported in the last financial year.
PRTS’s current price about -7.52% and -6.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.57, while 7-day volatility ratio is 3.52% and 3.43% in the 30-day chart. Further, CarParts.com Inc (PRTS) has a beta value of 1.16, and an average true range (ATR) of 0.06. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is -270.37% off current price level while to achieve the yearly target high, price needs to move -270.37%. Nonetheless, investors will most likely welcome a -270.37% jump to $3 which is the analysts’ median price.
If we refocus on CarParts.com Inc (NASDAQ:PRTS), historical trading data shows that trading volumes averaged 560.80K over the past 3 months. The company’s latest data on shares outstanding shows there are 54.51 million shares.
The 7.28% of CarParts.com Inc’s shares are in the hands of company insiders while institutional holders own 41.87% of the company’s shares. Current price change has pushed the stock -25.41% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PRTS stock continues to rise going into the next quarter.
