Stock Rating Downgrade
In the last week the Value Trend Rating for The Joint Corp (NASDAQ: JYNT) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
The Joint Corp (NASDAQ: JYNT) stock closed at $13.26 on 8/1/24 after a large decline of -8.0%. NORMAL trading volume accompanied the decline. The stock has declined -3.1% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Joint has a poor Appreciation Score of 27 but a very high Power Rating of 95, producing the High Neutral Value Trend Rating.
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