The stock price of Adamas One Corp (NASDAQ: JEWL) has plunged by -13.14 when compared to previous closing price of 0.35, but the company has seen a -15.06% decline in its stock price over the last five trading sessions. 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?
Company’s 36-month beta value is 2.28.
The public float for JEWL is 18.53M, and currently, short sellers hold a 1.05% ratio of that floaft. The average trading volume of JEWL on April 25, 2024 was 122.09K shares.
JEWL’s Market Performance
JEWL’s stock has seen a -15.06% decrease for the week, with a -5.67% drop in the past month and a -46.24% fall in the past quarter. The volatility ratio for the week is 13.10%, and the volatility levels for the past 30 days are at 13.92% for Adamas One Corp The simple moving average for the last 20 days is -19.23% for JEWL stock, with a simple moving average of -55.16% for the last 200 days.
JEWL Trading at -28.93% 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 -84.70% of loss for the given period.
Volatility was left at 13.92%, however, over the last 30 days, the volatility rate increased by 13.10%, as shares sank -28.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.30% lower at present.
During the last 5 trading sessions, JEWL fell by -15.06%, which changed the moving average for the period of 200-days by -70.99% in comparison to the 20-day moving average, which settled at $0.3746. In addition, Adamas One Corp saw -49.59% 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 10.06. 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 a nutshell, Adamas One Corp (JEWL) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
