The stock of J-Long Group Ltd (JL) has gone down by -33.33% for the week, with a -29.74% drop in the past month and a -6.69% drop in the past quarter. The volatility ratio for the week is 16.57%, and the volatility levels for the past 30 days are 23.06% for JL. The simple moving average for the last 20 days is -34.56% for JL’s stock, with a simple moving average of -83.42% for the last 200 days.
Is It Worth Investing in J-Long Group Ltd (NASDAQ: JL) Right Now?
J-Long Group Ltd (NASDAQ: JL) has a higher price-to-earnings ratio of 85.71x compared to its average ratio.
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The public float for JL is 10.31M, and currently, short sellers hold a 18.65% ratio of that float. The average trading volume of JL on November 20, 2024 was 1.49M shares.
JL) stock’s latest price update
The stock price of J-Long Group Ltd (NASDAQ: JL) has dropped by -16.67 compared to previous close of 0.36. Despite this, the company has seen a fall of -33.33% in its stock price over the last five trading days. globenewswire.com reported 2024-11-19 that Hong Kong, Nov. 19, 2024 (GLOBE NEWSWIRE) — J-Long Group Limited (Nasdaq: JL), a Hong Kong based and established distributor of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pulls and drawcords, today announced receipt of a letter (the “Determination Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). The Determination Letter indicated that, as previously notified by Nasdaq on May 13, 2024, the bid price of the Company’s listed security had closed at less than $1 per share over the previous 30 consecutive business days and, as a result, did not comply with Listing Rule 5550(a)(2) (the “Rule”). In accordance with the Rule, the Company was provided 180 calendar days, or until November 11, 2024, to regain compliance with the Rule
JL Trading at -28.44% from the 50-Day Moving Average
After a stumble in the market that brought JL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.90% of loss for the given period.
Volatility was left at 23.06%, however, over the last 30 days, the volatility rate increased by 16.57%, as shares sank -27.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.91% lower at present.
During the last 5 trading sessions, JL fell by -33.33%, which changed the moving average for the period of 200-days by -97.53% in comparison to the 20-day moving average, which settled at $0.4586. In addition, J-Long Group Ltd saw -95.58% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for JL
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.23 for the gross margin
The net margin for J-Long Group Ltd stands at 0.01. The total capital return value is set at 0.06.
The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -10.22.
Currently, EBITDA for the company is 0.15 million with net debt to EBITDA at -5.13. When we switch over and look at the enterprise to sales, we see a ratio of 0.32. The receivables turnover for the company is 44.2for trailing twelve months and the total asset turnover is 10.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.67.
Conclusion
To put it simply, J-Long Group Ltd (JL) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
