Market Recap Check: CarParts.com Inc (PRTS)’s Positive Finish at 1.10, Up/Down 5.77

Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.

The price of CarParts.com Inc (NASDAQ: PRTS) closed at $1.10 in the last session, up 5.77% from day before closing price of $1.04. In other words, the price has increased by $5.77 from its previous closing price. On the day, 1.28 million shares were traded. PRTS stock price reached its highest trading level at $1.14 during the session, while it also had its lowest trading level at $1.05.

Ratios:

We take a closer look at PRTS’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.47. For the most recent quarter (mrq), Quick Ratio is recorded 0.56 and its Current Ratio is at 1.63. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.36.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Lake Street on March 04, 2022, initiated with a Buy rating and assigned the stock a target price of $18.

On September 01, 2020, DA Davidson started tracking the stock assigning a Buy rating and target price of $19.DA Davidson initiated its Buy rating on September 01, 2020, with a $19 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 04 ’23 when Huffaker Michael bought 2,466 shares for $4.41 per share. The transaction valued at 10,875 led to the insider holds 4,169 shares of the business.

Lockwood Ryan sold 818 shares of PRTS for $3,624 on May 15 ’23. The Chief Financial Officer now owns 59,917 shares after completing the transaction at $4.43 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRTS now has a Market Capitalization of 58203092 and an Enterprise Value of 64955704. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09 while its Price-to-Book (P/B) ratio in mrq is 0.53. Its current Enterprise Value per Revenue stands at 0.097 whereas that against EBITDA is -316.857.

Stock Price History:

Over the past 52 weeks, PRTS has reached a high of $5.16, while it has fallen to a 52-week low of $0.99. The 50-Day Moving Average of the stock is -29.75%, while the 200-Day Moving Average is calculated to be -63.79%.

Shares Statistics:

According to the various share statistics, PRTS traded on average about 815.21K shares per day over the past 3-months and 1168590 shares per day over the past 10 days. A total of 56.70M shares are outstanding, with a floating share count of 53.76M. Insiders hold about 5.19% of the company’s shares, while institutions hold 76.38% stake in the company. Shares short for PRTS as of 1714435200 were 3870554 with a Short Ratio of 4.75, compared to 1711584000 on 2321748. Therefore, it implies a Short% of Shares Outstanding of 3870554 and a Short% of Float of 8.0.

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