Set Your Sights On CarParts.com Inc (NASDAQ: PRTS)’S Upside Potential

CarParts.com Inc (PRTS) concluded trading on Wednesday at a closing price of $1.11, with 0.5 million shares of worth about $0.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.91% during that period and on January 08, 2025 the price saw a gain of about 3.74%. Currently the company’s common shares owned by public are about 57.40M shares, out of which, 53.91M shares are available for trading.

Stock saw a price change of 2.78% in past 5 days and over the past one month there was a price change of 15.00%. Year-to-date (YTD), PRTS shares are showing a performance of 2.78% which decreased to -63.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.68 but also hit the highest price of $3.25 during that period. The average intraday trading volume for CarParts.com Inc shares is 451.28K. The stock is currently trading 12.86% above its 20-day simple moving average (SMA20), while that difference is up 14.38% for SMA50 and it goes to 6.91% higher than SMA200.

CarParts.com Inc (NASDAQ: PRTS) currently have 57.40M outstanding shares and institutions hold larger chunk of about 44.84% of that.

The stock has a current market capitalization of $63.72M and its 3Y-monthly beta is at 2.01. It has posted earnings per share of -$0.56 in the same period. It has Quick Ratio of 0.57 while making debt-to-equity ratio of 0.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PRTS, volatility over the week remained 8.71% while standing at 6.55% over the month.

Analysts are in expectations that CarParts.com Inc (PRTS) stock would likely to be making an EPS of -0.17 in the current quarter, while forecast for next quarter EPS is -0.09 and it is -0.45 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.18 which is -0.17 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -322.22% while it is estimated to increase by 28.95% in next year. EPS is likely to grow at an annualized rate of 15.00% for next 5-years, compared to annual growth of -0.12% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Lake Street on March 04, 2022 offering a Buy rating for the stock and assigned a target price of $18 to it. Coverage by ROTH Capital stated CarParts.com Inc (PRTS) stock as a Buy in their note to investors on September 09, 2020, suggesting a price target of $17 for the stock. On September 01, 2020, DA Davidson Initiated their recommendations, while on January 08, 2020, Craig Hallum Initiated their ratings for the stock with a price target of $4. Stock get an Outperform rating from Barrington Research on September 13, 2018.

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