The Joint Corp (NASDAQ: JYNT) stock enjoyed a major increase of 25.3% on 5/3/24. The shares closed at $16.12. Moreover, trading volume in this advance was exceptionally high at 275% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 33.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, JYNT is expected to be a modest Value Builder.
Joint has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Joint has a very low Appreciation Score of 8 but a good Power Rating of 82, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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