Per Stirling Capital Management L recently announced the acquisition of new stake in PARTS iD Inc (AMEX:ID). This fresh investment now brings its stake to 0.17% valued currently at $6600.0. In addition, Geode Capital Management LLC raised its holdings by 25561.0 to 46108.0 shares.
With over 4.73 million PARTS iD Inc (ID) shares trading Monday and a closing price of $0.09 on the day, the dollar volume was approximately $0.43 million. The shares have shown a negative half year performance of -74.82% and its price on 12/04/23 gained nearly 15.45%. Currently, there are 34.83M common shares owned by the public and among those 6.69M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for ID have a consensus price objective of $1.00. The analysts have set the share’s price value over the next 12 months at a high of $1.00 and a low of $1.00. The average price target is 91.0% above its recent price level and an upside to the estimated low will see the stock gain 91.0% over that period. But an upside of 91.0% will see the stock hit the forecast high price target while median target price for the stock is $1.00.
Insiders at the company have transacted a total of 16 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 1 of these insider trades were purchases, accounting for 1,500,000 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 80,017 shares.
The top 3 mutual fund holders in PARTS iD Inc are Bridgeway Ultra Small Company Mar, Fidelity Extended Market Index Fu, and Fidelity Series Total Market Inde. Bridgeway Ultra Small Company Mar owns 0.17 million shares of the company’s stock, all valued at over $18799.0. Fidelity Extended Market Index Fu bought 25561.0 shares to see its total holdings expand to 40573.0 shares valued at over $4463.0 and representing 0.12% of the shares outstanding. Fidelity Series Total Market Inde now owns shares totaling to 0.01% of the shares outstanding.
Shares of PARTS iD Inc (AMEX: ID) opened at $0.09, up $0.01 from a prior closing price of $0.08. However, the script later moved the day high at 0.0980, up 15.45%. The company’s stock has a 5-day price change of 6.85% and -59.03% over the past three months. ID shares are trading -90.88% year to date (YTD), with the 12-month market performance down to -92.89% lower. It has a 12-month low price of $0.07 and touched a high of $1.30 over the same period. ID has an average intraday trading volume of 1.41 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.06%, -32.44%, and -70.53% respectively.
Institutional ownership of PARTS iD Inc (AMEX: ID) shares accounts for 0.87% of the company’s 34.83M shares outstanding. Mutual fund holders own 0.62%, while other institutional holders and individual stakeholders account for 63.97% and 0.25% respectively.
It has a market capitalization of $3.12M and a beta (3y monthly) value of -0.18. The earnings-per-share (ttm) stands at -$0.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.36% over the week and 23.22% over the month.
Analysts forecast that PARTS iD Inc (ID) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.03 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate PARTS iD Inc (ID) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ID, a number of firms have released research notes about the stock. Canaccord Genuity stated their Hold rating for the stock in a research note on November 10, 2022, with the firm’s price target at $4-$3.
