In today’s recent session, 0.96 million shares of the CarParts.com Inc (NASDAQ:PRTS) have been traded, and its beta is 2.08. Most recently the company’s share price was $0.95, and it changed around -$0.07 or -6.86% from the last close, which brings the market valuation of the company to $54.53M. PRTS at last check was trading at a discount to its 52-week high of $1.68, offering almost -76.84% off that amount. The share price’s 52-week low was $0.68, which indicates that the recent value has risen by an impressive 28.42% since then. We note from CarParts.com Inc’s average daily trading volume that its 10-day average is 0.5 million shares, with the 3-month average coming to 611.00K.
CarParts.com Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended PRTS as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. CarParts.com Inc is expected to report earnings per share of -0.18 for the current quarter.
CarParts.com Inc (NASDAQ:PRTS) trade information
Instantly PRTS has been showing red trend so far today with a performance of -6.86% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.1000 on recent trading dayincreased the stock’s daily price by 13.64%. The company’s shares are currently down -12.04% year-to-date, but still down -5.94% over the last five days. On the other hand, CarParts.com Inc (NASDAQ:PRTS) is -3.50% down in the 30-day period. We can see from the shorts that 0.56 million shares have been sold at a short interest cover period of 0.64 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 68.33% from its current value. Analyst projections state that PRTS is forecast to be at a low of $3 and a high of $3.
CarParts.com Inc (PRTS) estimates and forecasts
The year-over-year growth rate is expected to be -0.71%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 146.14M in revenue for the current quarter. 2 analysts expect CarParts.com Inc to make 150.61M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 166.29M and 144.27M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -12.11%. Forecasts for the next quarter put sales growth at 4.39%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.32%.
CarParts.com Inc (NASDAQ:PRTS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.14% of CarParts.com Inc shares, and 42.76% of them are in the hands of institutional investors. The stock currently has a share float of 46.05%. CarParts.com Inc stock is held by 84.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 6.958% of the shares, which is about 3.93 million shares worth $3.93 million.
OAKTOP CAPITAL MANAGEMENT II, L.P., with 6.5525% or 3.73 million shares worth $3.73 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 1.73 shares worth $1.67 million, making up 3.01% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 748.94 shares worth around $0.72 million, which represents about 1.30% of the total shares outstanding.
