For its first fiscal quarter (ending March 31), The Joint Corp (NASDAQ: JYNT) has reported a -62% decline in E.P.S. from $0.16 a year ago to $0.06 in the current quarter. However, this performance was $0.02 better than the consensus estimate of $0.04. E.P.S. were $-0.76 for the latest four quarters through March 31 versus $0.20 for the same period a year ago — a decline of -480%.
Recent Price Action
The Joint Corp (NASDAQ: JYNT) stock rose modestly by 0.5% on 5/2/24. The stock closed at $12.86. However, exceptionally low trading volume at 48% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 4.7% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Joint has a very low Appreciation Score of 10 but a good Power Rating of 75, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment