J-Long Group Ltd (NASDAQ: JL) has a higher price-to-earnings ratio of 90.46x compared to its average ratio,
The public float for JL is 10.31M, and currently, shorts hold a 2.20% of that float. The average trading volume for JL on December 10, 2024 was 154.07K shares.
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JL) stock’s latest price update
J-Long Group Ltd (NASDAQ: JL)’s stock price has dropped by -89.08 in relation to previous closing price of 2.90. Nevertheless, the company has seen a loss of -90.03% in its stock price over the last five trading days. globenewswire.com reported 2024-11-22 that Hong Kong, Nov. 22, 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 today that it will effect a share consolidation (“Reverse Stock Split”) of its Ordinary Shares at a ratio of 1-for-10, effective as of 11:59 pm on December 3, 2024 (the “Effective Time”), in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace Rules 5550(a)(2) and Rule 5450(a)(1). The Company’s Ordinary Shares are expected to begin trading on a Reverse Stock Split adjusted basis on Nasdaq as of the open of trading on December 4, 2024, under the existing ticker symbol “JL.”
JL’s Market Performance
J-Long Group Ltd (JL) has seen a -90.03% fall in stock performance for the week, with a -92.28% decline in the past month and a -92.18% plunge in the past quarter. The volatility ratio for the week is 21.75%, and the volatility levels for the past 30 days are at 16.99% for JL. The simple moving average for the past 20 days is -89.98% for JL’s stock, with a -96.20% simple moving average for the past 200 days.
JL Trading at -91.88% 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 -99.88% of loss for the given period.
Volatility was left at 16.99%, however, over the last 30 days, the volatility rate increased by 21.75%, as shares sank -27.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.83% lower at present.
During the last 5 trading sessions, JL fell by -0.35%, which changed the moving average for the period of 200-days by -98.39% in comparison to the 20-day moving average, which settled at $0.3301. In addition, J-Long Group Ltd saw -99.53% 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 -0.02.
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 1.2 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 0.34. The receivables turnover for the company is 5.65for trailing twelve months and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.67.
Conclusion
In conclusion, J-Long Group Ltd (JL) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
