Selling Your The Joint Corp. (JYNT) Stock? Here’s What You Need To Know

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The Joint Corp. (NASDAQ:JYNT) price on Friday, June 17, fall -0.53% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $13.25.

A look at the stock’s price movement, the close in the last trading session was $13.32, moving within a range at $13.20 and $13.80. The beta value (5-Year monthly) was 1.26 while the PE ratio in trailing twelve months stood at 49.07. Turning to its 52-week performance, $111.06 and $13.10 were the 52-week high and 52-week low respectively. Overall, JYNT moved -20.23% over the past month.

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The Joint Corp.’s market cap currently stands at around $200.87 million, with investors looking forward to this quarter’s earnings report slated for Apr 20, 2022 – Apr 25, 2022. Analysts project the company’s earnings per share (EPS) to be $0.01, which has seen fiscal year 2022 EPS growth forecast to increase to $0.17 and about $0.4 for fiscal year 2023. Per the data, EPS growth is expected to be -64.60% for 2022 and 135.30% for the next financial year.

Analysts have a consensus estimate of $23.55 million for the company’s revenue for the quarter, with a low and high estimate of $21.9 million and $24.3 million respectively. The average forecast suggests up to a 16.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $99.06 million, representing a 22.00% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that JYNT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

The technical evaluation for the stock shows the PEG ratio is 1.96, with JYNT’s current price about -14.48% and -42.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 25.38, while 7-day volatility ratio is 4.54% and 5.90% in the 30-day chart. Further, The Joint Corp. (JYNT) has a beta value of 1.35, and an average true range (ATR) of 1.01.

In the market, a comparison of The Joint Corp. (JYNT) and its peers suggest the former has performed considerably weaker. Data shows JYNT’s intraday price has changed -0.53% in last session and -82.35% over the past year. Looking at another peer, we see that Teladoc Health Inc. (TDOC) price has gained 5.43% on the day. However, the stock is -80.38% off its price a year ago. Moreover, Tenet Healthcare Corporation (THC) is also up 1.22% in trading on the day while keeping a a downtrend of -19.69% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.22% and -0.13% respectively in the last trading.

If we refocus on The Joint Corp. (NASDAQ:JYNT), historical trading data shows that trading volumes averaged 354.02K over the past 3 months. The company’s latest data on shares outstanding shows there are 14.43 million shares.

The 1.30% of The Joint Corp.’s shares are in the hands of company insiders while institutional holders own 92.20% of the company’s shares. Current price change has pushed the stock -79.83% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the JYNT stock continues to rise going into the next quarter.