JOANN Inc. (NASDAQ:JOAN) went down by -5.57% from its latest closing price compared to the recent 1-year high of $17.50. The company’s stock price has collected -18.78% of loss in the last five trading sessions.
Is It Worth Investing in JOANN Inc. (NASDAQ :JOAN) Right Now?
JOANN Inc. (NASDAQ:JOAN) scored a price-to-earnings ratio above its average ratio, recording 6.39 x from its present earnings ratio.
The average price from analysts is $12.67, which is $4.64 above the current price. JOAN currently public float of 38.92M and currently shorts hold a 10.58% ratio of that float. Today, the average trading volume of JOAN was 285.95K shares.
JOAN’s Market Performance
JOAN stocks went down by -18.78% for the week, with a monthly drop of -15.77% and a quarterly performance of -31.46%, while its annual performance rate touched -27.55%. The volatility ratio for the week stands at 10.01% while the volatility levels for the past 30 days are set at 6.42% for JOANN Inc.. The simple moving average for the period of the last 20 days is -17.01% for JOAN stocks with a simple moving average of -23.77% for the last 200 days.
Analysts’ Opinion of JOAN
Piper Sandler, on the other hand, stated in their research note that they expect to see JOAN reach a price target of $11, previously predicting the price at $12. The rating they have provided for JOAN stocks is “Neutral” according to the report published on March 18th, 2022.
Wells Fargo gave a rating of “Equal Weight” to JOAN, setting the target price at $10 in the report published on December 03rd of the previous year.
JOAN Trading at -22.79% 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 -50.58% of loss for the given period.
Volatility was left at 6.42%, however, over the last 30 days, the volatility rate increased by 10.01%, as shares sank -15.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.86% lower at present.
During the last 5 trading sessions, JOAN fell by -18.78%, which changed the moving average for the period of 200-days by -44.97% in comparison to the 20-day moving average, which settled at $10.34. In addition, JOANN Inc. saw -16.67% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at JOAN starting from Webb Darrell, who sale 94,568 shares at the price of $12.50 back on Mar 29. After this action, Webb Darrell now owns 107,812 shares of JOANN Inc., valued at $1,182,374 using the latest closing price.
Webb Darrell, the Director of JOANN Inc., sale 10,165 shares at $12.29 during a trade that took place back on Mar 28, which means that Webb Darrell is holding 202,380 shares at $124,883 based on the most recent closing price.
Stock Fundamentals for JOAN
Current profitability levels for the company are sitting at:
- +4.12 for the present operating margin
- +46.85 for the gross margin
The net margin for JOANN Inc. stands at +2.35. Equity return is now at value 39.90, with 2.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.