PARTS iD Inc. (AMEX: ID) stock jumped 31.65% on Friday to $1.83 against a previous-day closing price of $1.39. With 1.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 37210.0 shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.2200 whereas the lowest price it dropped to was $1.3200. The 52-week range on ID shows that it touched its highest point at $6.84 and its lowest point at $0.86 during that stretch. It currently has a 1-year price target of $3.50. Beta for the stock currently stands at -0.36.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ID was up-trending over the past week, with a rise of 35.56%, but this was up by 59.13% over a month. Three-month performance surged to 15.09% while six-month performance fell -15.28%. The stock lost -66.91% in the past year, while it has lost -25.00% so far this year. A look at the trailing 12-month EPS for ID yields -0.34 with Next year EPS estimates of 0.03. For the next quarter, that number is 0.01. This implies an EPS growth rate of 53.40% for this year and 120.00% for next year.
Float and Shares Shorts:
At present, 33.97 million ID shares are outstanding with a float of 5.92 million shares on hand for trading. On Jul 14, 2022, short shares totaled 25260.0, which was 0.07% higher than short shares on Jun 14, 2022. In addition to Mr. Antonino Ciappina as the firm’s Chief Exec. Officer, Mr. Kailas Agrawal serves as its CFO & Assistant Sec.
Through their ownership of 3.36% of ID’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 65.46% of ID, in contrast to 2.44% held by mutual funds. Shares owned by individuals account for 1.13%. As the largest shareholder in ID with 0.74% of the stake, Coliseum Capital Management LLC holds 250,325 shares worth 250,325. A second-largest stockholder of ID, Must Asset Management Inc., holds 214,723 shares, controlling over 0.63% of the firm’s shares. Bridgeway Capital Management LLC is the third largest shareholder in ID, holding 208,800 shares or 0.62% stake. With a 0.59% stake in ID, the Bridgeway Ultra Small Company Mar is the largest stakeholder. A total of 200,000 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 0.44% of ID stock, is the second-largest Mutual Fund holder. It holds 148,893 shares valued at 0.23 million. Fidelity Extended Market Index Fu holds 0.05% of the stake in ID, owning 15,164 shares worth 23504.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ID since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ID analysts setting a high price target of $4.00 and a low target of $1.00, the average target price over the next 12 months is $2.67. Based on these targets, ID could surge 118.58% to reach the target high and fall by -45.36% to reach the target low. Reaching the average price target will result in a growth of 45.9% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ID will report FY 2022 earnings on 03/07/2023. Analysts have provided yearly estimates in a range of -$0.25 being high and -$0.28 being low. For ID, this leads to a yearly average estimate of -$0.27. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. PARTS iD Inc. surprised analysts by -$0.05 when it reported -$0.03 EPS against a consensus estimate of $0.02. The surprise factor in the prior quarter was -$0.08. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.08. The average estimate for the next quarter is thus -$0.07.
Summary of Insider Activity:
Insiders traded ID stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 15,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 16,000 while 89,033 shares were sold.