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Tuesday, December 5, 2023

CarParts.com Inc (PRTS) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for CarParts.com Inc (PRTS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 2.31%, to $3.10. The CarParts.com Inc has recorded 4,963 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that CarParts.com Reports Highest Third Quarter Sales in Company History.

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Stocks Info

CarParts.com Inc is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Internet Retail industry. At the end of the last regular session, the stock closed at $3.03 and fluctuated between $3.1000 as its day high and $3.0000 as its day low. The current market capitalization of CarParts.com Inc is $174.22M. A total of 0.55 million shares were traded on the day, compared to an average of 567.98K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PRTS has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 1,386 and the disposition of 0 shares. Over the last 12 months, there were 28 BUYs and 6 SELLs from insiders. Insiders purchased 625,051 shares during that period but sold 326,480.

In the most recent transaction, Huffaker Michael bought 2,466 shares of PRTS for 4.41 per share on Aug 04. After the transaction, the Chief Operating Officer now owns 4,169 company shares. In a previous transaction on May 15, Lockwood Ryan sold 818 shares at 4.43 per share. PRTS shares that Chief Financial Officer owns now total 59,917.

Among the insiders who sold shares, Lockwood Ryan disposed of 7,775 shares on Apr 19 at a per-share price of $5.08. This resulted in the Chief Financial Officer holding 58,367 shares of PRTS after the transaction. In another insider transaction, Subramanian Kals sold 4,953 shares at $5.08 per share on Apr 19. Company shares held by the Chief Technology Officer now total 25,119.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PRTS in the last 3 months, the mean price target is $6.60 with high estimates of $10.00 and low estimates of $4.00. In terms of 52-week highs and lows, PRTS has a high of $7.44 and a low of $2.50.

As of this writing, PRTS has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.08.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. PRTS’s latest balance sheet shows that the firm has $18.14M in Cash & Short Term Investments as of fiscal 2021. There were $46.39M in debt and $96.79M in liabilities at the time. Its Book Value Per Share was $2.16, while its Total Shareholder’s Equity was $95.57M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PRTS is Buy with a score of 4.75.

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