The price of Motorcar Parts of America Inc. (NASDAQ:MPAA) shares last traded on Wall Street fell -9.40% to $7.61.
Based on available information, 1 analysts follow Motorcar Parts of America Inc. (NASDAQ:MPAA). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $16.00, we find $16.00. Given the previous closing price of $8.40, this indicates a potential upside of 90.48 percent. MPAA stock price is now -40.83% away from the 50-day moving average and -46.13% away from the 200-day moving average. The market capitalization of the company currently stands at $161.41M.
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Among analysts, 0 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $16.00 as their price target over the next twelve months.
, while ‘ROTH Capital’ rates the stock as ‘Buy’.
In other news, Bryan David, Director bought 550 shares of the company’s stock on Dec 12. The stock was bought for $5,786 at an average price of $10.52. Upon completion of the transaction, the Director now directly owns 26,105 shares in the company, valued at $0.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22, Director Borneo Rudolph J sold 3,000 shares of the business’s stock. A total of $39,761 was realized by selling the stock at an average price of $13.25. This leaves the insider owning 37,056 shares of the company worth $0.28 million. Insiders disposed of 285,179 shares of company stock worth roughly $2.17 million over the past 1 year. A total of 3.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MPAA stock. A new stake in Motorcar Parts of America Inc. shares was purchased by INNOVIS ASSET MANAGEMENT LLC during the first quarter worth $419,000. GUGGENHEIM CAPITAL LLC invested $97,000 in shares of MPAA during the first quarter. In the first quarter, ACADIAN ASSET MANAGEMENT LLC acquired a new stake in Motorcar Parts of America Inc. valued at approximately $67,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in MPAA for approximately $65,000. ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC purchased a new stake in MPAA valued at around $2,000 in the second quarter. In total, there are 162 active investors with 94.70% ownership of the company’s stock.
A candlestick chart of Motorcar Parts of America Inc. (NASDAQ: MPAA) showed a price of $8.43 on Monday morning. During the past 12 months, Motorcar Parts of America Inc. has had a low of $8.12 and a high of $19.93. As of last week, the company has a debt-to-equity ratio of 0.61, a current ratio of 1.30, and a quick ratio of 0.40. The fifty day moving average price for MPAA is $12.78 and a two-hundred day moving average price translates $14.09 for the stock.
The latest earnings results from Motorcar Parts of America Inc. (NASDAQ: MPAA) was released for Sep, 2022. According to the Auto Parts Company, earnings per share came in at $0.21, missing analysts’ expectations of $0.55 by -0.34. This compares to $0.16 EPS in the same period last year. The net profit margin was -0.90% and return on equity was -1.90% for MPAA. The company reported revenue of $151.82 million for the quarter, compared to $161.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.17 percent. For the current quarter, analysts expect MPAA to generate $183.6M in revenue.
Motorcar Parts of America Inc.(MPAA) Company Profile
Motorcar Parts of America, Inc. manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders. It also offers test solutions and diagnostic equipment for electric vehicle powertrain development and manufacturing, including electric motor test systems, e-axle test systems, advanced power emulators, and charging unit test systems, as well as test systems for alternators, starters, belt starter generator, and bench-top testers, as well as turbochargers and test services for electric vehicle inverters. The company sells its products to automotive retail chain stores and warehouse distributors, as well as various automobile manufacturers for their aftermarket programs and warranty replacement programs in North America. Motorcar Parts of America, Inc. was founded in 1968 and is headquartered in Torrance, California.
