We Analyzed the Future Direction of JOANN Inc. (JOAN), Here is What We Found

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JOANN Inc. (NASDAQ:JOAN) went up by 10.56% from its latest closing price compared to the recent 1-year high of $12.80. The company’s stock price has collected 20.66% of gains in the last five trading sessions. Barron’s reported 13 hours ago that Joann Stock Has Fallen Since Its IPO. Not For Long, Analysts Say.

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Is It Worth Investing in JOANN Inc. (NASDAQ :JOAN) Right Now?

Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for JOANN Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”


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JOAN currently public float of 10.44M and currently shorts hold a 0.00% ratio of that float. Today, the average trading volume of JOAN was 719.28K shares.

JOAN’s Market Performance

The simple moving average for the period of the last 20 days is 9.60% for JOAN stocks with a simple moving average of 9.60% for the last 200 days.

Analysts’ Opinion of JOAN

Many brokerage firms have already submitted their reports for JOAN stocks, with Wells Fargo repeating the rating for JOAN by listing it as a “Overweight.” The predicted price for JOAN in the upcoming period, according to Wells Fargo is $15 based on the research report published on April 06th of the current year 2021.

Telsey Advisory Group, on the other hand, stated in their research note that they expect to see JOAN reach a price target of $17. The rating they have provided for JOAN stocks is “Outperform” according to the report published on April 06th, 2021.

Piper Sandler gave a rating of “Overweight” to JOAN, setting the target price at $14 in the report published on April 06th of the current year.

JOAN Trading at 9.60% from the 50-Day Moving Average

After a stumble in the market that brought JOAN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.08% of loss for the given period.

During the last 5 trading sessions, JOAN rose by +20.66%, in comparison to the 20-day moving average. In addition, JOANN Inc. saw -0.82% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at JOAN starting from Miquelon Wade D, who purchase 47,550 shares at the price of $11.36 back on Apr 06. After this action, Miquelon Wade D now owns 102,550 shares of JOANN Inc., valued at $540,035 using the latest closing price.

Joyce Michael Sagar, the See Remarks of JOANN Inc., purchase 2,000 shares at $12.00 during a trade that took place back on Mar 16, which means that Joyce Michael Sagar is holding 2,000 shares at $24,000 based on the most recent closing price.

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