With 31.31% From The Low, Is CarParts.com Inc (NASDAQ:PRTS) Up For More Gains?

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In last trading session, CarParts.com Inc (NASDAQ:PRTS) saw 1.15 million shares changing hands with its beta currently measuring 2.02. Company’s recent per share price level of $0.99 trading at -$0.03 or -2.94% at ring of the bell on the day assigns it a market valuation of $56.83M. That closing price of PRTS’s stock is at a discount of -268.69% from its 52-week high price of $3.65 and is indicating a premium of 31.31% from its 52-week low price of $0.68. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.79 million shares which gives us an average trading volume of 600.52K if we extend that period to 3-months.

CarParts.com Inc (NASDAQ:PRTS) trade information

Upright in the red during last session for losing -2.94%, in the last five days PRTS remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $0.99 price level, adding 7.48% to its value on the day. CarParts.com Inc’s shares saw a change of -68.67% in year-to-date performance and have moved 19.26% in past 5-day. CarParts.com Inc (NASDAQ:PRTS) showed a performance of 8.80% in past 30-days. Number of shares sold short was 0.91 million shares which calculate 2.93 days to cover the short interests.

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CarParts.com Inc (PRTS) estimates and forecasts

This year revenue growth is estimated to fall -11.80% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 140.81M for the same. And 3 analysts are in estimates of company making revenue of 160.74M in the next quarter. Company posted 156.4M and 166.64M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -0.12% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -322.22% while estimates for its earnings growth in next 5 years are of 15.00%.

CarParts.com Inc (NASDAQ:PRTS)’s Major holders

Insiders are in possession of 6.13% of company’s total shares while institution are holding 55.61 percent of that, with stock having share float percentage of 59.24%. Investors also watch the number of corporate investors in a company very closely, which is 55.61% institutions for CarParts.com Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PRTS for having 3.93 million shares of worth $3.93 million. And as of 2024-06-30, it was holding 6.958 of the company’s outstanding shares.

The second largest institutional holder is OAKTOP CAPITAL MANAGEMENT II, L.P., which was holding about 3.73 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.5929 of outstanding shares, having a total worth of $3.73 million.