It’s still a bull thesis, just subverted: CarParts.com Inc (PRTS)

At the time of writing, CarParts.com Inc [PRTS] stock is trading at $1.02, up 7.75%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling.

From an analyst’s perspective:

CarParts.com Inc [NASDAQ: PRTS] stock has seen the most recent analyst activity on March 04, 2022, when Lake Street initiated its Buy rating and assigned the stock a price target of $18. On September 01, 2020, DA Davidson initiated with a Buy rating and assigned a price target of $19 on the stock. Craig Hallum started tracking the stock assigning a Buy rating and suggested a price target of $4 on January 08, 2020. Barrington Research initiated its recommendation with a Outperform and recommended $5 as its price target on September 13, 2018. In a note dated August 22, 2012, Barrington Research downgraded an Underperform rating on this stock.

For the past year, the stock price of CarParts.com Inc fluctuated between $0.68 and $3.36. CarParts.com Inc [NASDAQ: PRTS] shares were valued at $1.02 at the most recent close of the market.

Analyzing the PRTS fundamentals

According to CarParts.com Inc [NASDAQ:PRTS], the company’s sales were 611.71M for trailing twelve months, which represents an -13.25% plunge. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.3 and Total Capital is -0.24.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.9548 points at the first support level, and at 0.8896 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0576, and for the 2nd resistance point, it is at 1.0952.

Ratios To Look Out For

It is important to note that CarParts.com Inc [NASDAQ:PRTS] has a current ratio of 1.62. In addition, the Quick Ratio stands at 0.57 and the Cash Ratio stands at 0.41. Considering the valuation of this stock, the price to sales ratio is 0.10, the price to book ratio is 0.56.

Transactions by insiders

Recent insider trading involved BARNES JIM, Director, that happened on Jun 11 ’24 when 94000.0 shares were purchased. Director, GREYSON JAY KEITH completed a deal on May 10 ’24 to buy 41658.0 shares.

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