Why Motorcar Parts of America, Inc. (NASDAQ:MPAA) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $38.50 on Motorcar Parts of America, Inc. (NASDAQ:MPAA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.36 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Motorcar Parts of America, Inc. (NASDAQ:MPAA) stands at 32.40.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Motorcar Parts of America, Inc., the PEG ratio for coming 3-5 years is 0.51.

Technical Analysis

The technical analysis highlights that Motorcar Parts of America, Inc. current is trading $-0.60 points away or -2.15% from its 50-day moving average of $27.91. Further it is trading $-4.24 or -13.44% away its 200-day moving average of $31.55.

The 52-week high of Motorcar Parts of America, Inc. (NASDAQ:MPAA) was $41.03 while lowest point recorded in 52-week was $25.50. It implies if stock price makes a movement of over $-13.72, it will record a new 52-week high. In the case of +7.10% drop, it will touch a new 52-week low.

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