Buzzing Stock: Motorcar Parts of America, Inc. (NASDAQ:MPAA)


As per the research groups listed in Thomson Reuters survey, Motorcar Parts of America, Inc. (NASDAQ:MPAA), the stock can touch mean price target of $38.50 in coming period. This price target highlights the recommendations of leading experts in the market.

Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.61 per share in looming quarter and $2.36 during current fiscal.

Technical Forecast

While evaluating Motorcar Parts of America, Inc. on the technical side, it is seen that the firm’s shares price is trading $0.33 points away or +1.18% from its 50-day moving average of $28.02. Further it is trading $-3.00 or -9.56% away its 200-day moving average of $31.35. MA here stands for moving average.

Motorcar Parts of America, Inc. (NASDAQ:MPAA) stock made a high of $41.03 in last 12-months while the lowest level in same period was $25.50. It entails if stock price makes a movement of over $-12.68, it will make a new 52-week high. In the case of +11.18% decline, it will touch a new 52-week low.

Valuation Level

The valuation of Motorcar Parts of America, Inc. is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Motorcar Parts of America, Inc. (NASDAQ:MPAA) P/E ratio is 33.63. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Motorcar Parts of America, Inc. it stands at 0.52.

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