Reasons why PARTS iD Inc’s (AMEX:ID) fundamentals are futile

The price of PARTS iD Inc (AMEX:ID) shares last traded on Wall Street rose 24.11% to $0.17.

Based on available information, 1 analysts follow PARTS iD Inc (AMEX:ID). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.00 and a low of $1.00, we find $1.00. Given the previous closing price of $0.14, this indicates a potential upside of 614.29 percent. ID stock price is now -8.28% away from the 50-day moving average and -51.25% away from the 200-day moving average. The market capitalization of the company currently stands at $6.14M.

Among analysts, 1 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $1.00 as their price target over the next twelve months.

With the price target reduced from $4 to $3, Canaccord Genuity Downgraded its rating from Buy to Hold for PARTS iD Inc (AMEX: ID).

In other news, Ciappina Antonino, Chief Executive Officer sold 19,890 shares of the company’s stock on Dec 29. The stock was sold for $16,051 at an average price of $0.81. Upon completion of the transaction, the Chief Executive Officer now directly owns 77,453 shares in the company, valued at $13167.01. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 29, Chief Financial Officer Agrawal Kailas sold 19,126 shares of the business’s stock. A total of $15,435 was realized by selling the stock at an average price of $0.81. This leaves the insider owning 77,118 shares of the company worth $13110.06. Insiders disposed of 83,371 shares of company stock worth roughly $14173.070000000002 over the past 1 year. A total of 80.95% of the company’s stock is owned by insiders.

A candlestick chart of PARTS iD Inc (AMEX: ID) showed a price of $0.1400 on Monday morning. During the past 12 months, PARTS iD Inc has had a low of $0.10 and a high of $1.74. The fifty day moving average price for ID is $0.1909 and a two-hundred day moving average price translates $0.3590 for the stock.

The latest earnings results from PARTS iD Inc (AMEX: ID) was released for Jun, 2023. For the current quarter, analysts expect ID to generate $16.12M in revenue.

PARTS iD Inc(ID) Company Profile

PARTS iD, Inc., a digital commerce company, primarily sells automotive parts and accessories through its proprietary platforms. The company offers automobile accessories, wheels and tires, performance parts, and lighting and repair parts, as well as parts and accessories for semi-trucks, motorcycles, powersports comprising ATVs, snowmobile and personal watercraft, RVs/campers, boats, recreation including outdoor sports and camping gears, and tools. It sells private label and branded products through various platforms, including www.carid.com, www.truckid.com, www.motorcycleid.com, www.powersportsid.com, www.camperid.com, www.boatid.com, www.recreationid.com, and www.toolsid.com. The company was founded in 2008 and is headquartered in Cranbury, New Jersey.

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