On 9/30/24, Motorcar Parts of America Inc (NASDAQ: MPAA) stock enjoyed a major increase of 11.3%, closing at $7.39. Moreover, unusually high trading volume at 174% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 23.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, MPAA is expected to be Value Creation neutral.
Motorcar Parts of America has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Motorcar Parts of America has a good Appreciation Score of 71 but a very low Power Rating of 9, triggering the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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