While CarParts.com Inc has overperformed by 5.46%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PRTS fell by -58.92%, with highs and lows ranging from $6.45 to $2.37, whereas the simple moving average fell by -31.86% in the last 200 days.
On March 04, 2022, Lake Street started tracking CarParts.com Inc (NASDAQ: PRTS) recommending Buy. DA Davidson also rated PRTS shares as ‘Buy’, setting a target price of $19 on the company’s shares in an initiating report dated September 01, 2020. Craig Hallum Initiated an Buy rating on January 08, 2020, and assigned a price target of $4. Barrington Research initiated its ‘Outperform’ rating for PRTS, as published in its report on September 13, 2018. ROTH Capital’s report from October 09, 2014 suggests a price prediction of $4.50 for PRTS shares, giving the stock a ‘Buy’ rating. Barrington Research also rated the stock as ‘Underperform’.
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Analysis of CarParts.com Inc (PRTS)
Further, the quarter-over-quarter increase in sales is 1.25%, showing a positive trend in the upcoming months.
One of the most important indicators of CarParts.com Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -7.29% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.69, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and PRTS is recording 504.01K average volume. On a monthly basis, the volatility of the stock is set at 4.77%, whereas on a weekly basis, it is put at 5.73%, with a loss of -1.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.75, showing growth from the present price of $2.51, which can serve as yet another indication of whether PRTS is worth investing in or should be passed over.
How Do You Analyze CarParts.com Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 8.56%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 74.16% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PRTS shares are owned by institutional investors to the tune of 74.16% at present.
