In today’s recent session, 1,577,081 shares of the China Jo-Jo Drugstores, Inc.(NASDAQ:CJJD) have been traded, and its beta is 0.53. Most recently the company’s share price was $1.18, and it changed around -$0.09 or -0.07% from the last close, which brings the market valuation of the company to $48.14 Million. CJJD at last check was trading at a discount to its 52-week high of $3.46, offering almost -193.22% off that amount. The share price’s 52-week low was $0.8, which indicates that the recent value has risen by an impressive 32.2% since then. We note from China Jo-Jo Drugstores, Inc.’s average daily trading volume that its 10-day average is 1.75 Million shares, with the 3-month average coming to 1.06 Million.
China Jo-Jo Drugstores, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended CJJD as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. China Jo-Jo Drugstores, Inc. is expected to report earnings per share of $0 for the current quarter.
China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD): Trading Information Today
Although CJJD has been showing red trend so far today with a performance of -7.43% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $1.53 on Wednesday, Feb 17 increased the stock’s daily price by 25.49%. The company’s shares are currently up 0.13% year-to-date, but still down -0.25 over the last five days. On the other hand, China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) is -0.05% down in the 30-day period. We can see from the shorts that 245.7 Million shares have been sold at a short interest cover period of 231.79 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bears needing to increase their stock price by 493.22% from its current value. Analyst projections state that CJJD is forecast to be at a low of $7 and a high of $7. In order for the stock price to hit the forecast high, the stock would need to surge +493.22% from its current level, while the stock would need to crash 493.22% from its current level to reach the projected low.
China Jo-Jo Drugstores, Inc. (CJJD) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -38.7%. China Jo-Jo Drugstores, Inc. earnings are expected to decrease by -453.4% in 2021, but the outlook is positive 30% per year for the next five years.
China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 24.9% of China Jo-Jo Drugstores, Inc. shares, and 18.14% of them are in the hands of institutional investors. The stock currently has a share float of 24.15%. China Jo-Jo Drugstores, Inc. stock is held by 19 institutions, with Hillhouse Capital Advisors Ltd. being the largest institutional investor. By Dec 30, 2020, it held 11.59% of the shares, which is about 4.84 Million shares worth $4.89 Million.
Renaissance Technologies, LLC, with 3.11% or 1.3 Million shares worth $1.31 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.