MPAA Stock Summary and Trading Ideas (Motorcar Parts Of America | NASDAQ:MPAA)

Motorcar Parts of America Inc is a us-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts. It produces starter engines, alternators, hub assemblies, bearings, and master cylinders. The company supplies its products to the automotive aftermarket either under its own brands, as part of a private-label service, or to warranty replacement programs of automobile manufacturers. It primarily sells rotating electrical products, wheel hub products, brake master cylinders products in the us, of which a majority of the revenue is derived from the sales of rotating electrical products.

Motorcar Parts Of America trades on the NASDAQ stock market under the symbol MPAA.

As of May 15, 2024, MPAA stock price climbed to $5.05 with 122,602 million shares trading.

MPAA has a beta of 1.55, meaning it tends to be more sensitive to market movements. MPAA has a correlation of 0.08 to the broad based SPY ETF.

MPAA has a market cap of $99.30 million. This is considered a Micro Cap stock.

Last quarter Motorcar Parts Of America reported $172 million in Revenue and -$.27 earnings per share. This fell short of revenue expectation by $-10 million and missed earnings estimates by -$.35.

In the last 3 years, MPAA stock traded as high as $25.68 and as low as $4.26.

The top ETF exchange traded funds that MPAA belongs to (by Net Assets): VTI, VXF, AVUV, DFAT, DFSV.

MPAA has underperformed the market in the last year with a price return of -8.8% while the SPY ETF gained +29.9%. MPAA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -47.9% and -10.6%, respectively, while the SPY returned +5.8% and +5.9%, respectively.

MPAA support price is $4.72 and resistance is $5.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MPAA stock will trade within this expected range on the day.