The Joint Corp (NASDAQ: JYNT) stock enjoyed a major increase of 30.0% on 3/8/24. The shares closed at $11.88. Moreover, exceptionally high trading volume at 869% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 20.5% during the last week.
Current PriceTarget Research Rating
JYNT’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Joint has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Joint has a slightly negative Power Rating of 36 and a very low Appreciation Score of 5, leading to the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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