Adamas One Corp (JEWL) Shares Plummet Below 1-Year High

The stock price of Adamas One Corp (NASDAQ: JEWL) has dropped by -15.71 compared to previous close of 0.42. Despite this, the company has seen a gain of 8.59% in its stock price over the last five trading days. Proactive Investors reported 2024-03-07 that Adamas One Corp. (NASDAQ:JEWL) was recognized as the “Best Lab-Grown Manufacturer for 2023” by Manufacturing Technology Insights Magazine, the company said in a statement. Adamas said that Manufacturing Technology Insights Magazine honored them for advancements in lab-grown diamond manufacturing, emphasizing the company’s commitment to quality, sustainability, and social responsibility.

Is It Worth Investing in Adamas One Corp (NASDAQ: JEWL) Right Now?

Additionally, the 36-month beta value for JEWL is 2.26.

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The public float for JEWL is 18.53M and currently, short sellers hold a 0.06% ratio of that float. The average trading volume of JEWL on April 03, 2024 was 127.34K shares.

JEWL’s Market Performance

The stock of Adamas One Corp (JEWL) has seen a 8.59% increase in the past week, with a -34.32% drop in the past month, and a -41.97% fall in the past quarter. The volatility ratio for the week is 18.70%, and the volatility levels for the past 30 days are at 19.47% for JEWL. The simple moving average for the past 20 days is -19.01% for JEWL’s stock, with a -52.51% simple moving average for the past 200 days.

JEWL Trading at -27.14% from the 50-Day Moving Average

After a stumble in the market that brought JEWL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -82.39% of loss for the given period.

Volatility was left at 19.47%, however, over the last 30 days, the volatility rate increased by 18.70%, as shares sank -37.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.12% lower at present.

During the last 5 trading sessions, JEWL rose by +8.59%, which changed the moving average for the period of 200-days by -70.00% in comparison to the 20-day moving average, which settled at $0.4265. In addition, Adamas One Corp saw -41.97% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for JEWL

Current profitability levels for the company are sitting at:

  • -14.26 for the present operating margin
  • 0.65 for the gross margin

The net margin for Adamas One Corp stands at -18.36. The total capital return value is set at -3.23.

Based on Adamas One Corp (JEWL), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at -1.78. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is -6.91.

Currently, EBITDA for the company is -8.55 million with net debt to EBITDA at -0.17. When we switch over and look at the enterprise to sales, we see a ratio of 11.21. The receivables turnover for the company is 3.27for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.26.

Conclusion

In conclusion, Adamas One Corp (JEWL) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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