During the last session, The Joint Corp. (NASDAQ:JYNT)’s traded shares were 0.52 million, with the beta value of the company hitting 1.31. At the end of the trading day, the stock’s price was $17.83, reflecting an intraday gain of 5.94% or $1.0. The 52-week high for the JYNT share is $111.06, that puts it down -522.88 from that peak though still a striking 20.98% gain since the share price plummeted to a 52-week low of $14.09. The company’s market capitalization is $415.26M, and the average trade volume was 381.34K shares over the past three months.
The Joint Corp. (JYNT) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.20. JYNT has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.01.
The Joint Corp. (NASDAQ:JYNT) trade information
The Joint Corp. (JYNT) registered a 5.94% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.94% in intraday trading to $17.83 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is 2.41%, and it has moved by -49.20% in 30 days. Based on these gigs, the overall price performance for the year is -64.63%.
The consensus price target of analysts on Wall Street is $32.80, which implies an increase of 45.64% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13.00 and $50.00 respectively. As a result, JYNT is trading at a discount of -180.43% off the target high and 27.09% off the low.
The Joint Corp. (JYNT) estimates and forecasts
Statistics show that The Joint Corp. has underperformed its competitors in share price, compared to the industry in which it operates. The Joint Corp. (JYNT) shares have gone down -81.33% during the last six months, with a year-to-date growth rate less than the industry average at -66.67% against -0.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -94.40% this quarter and then drop -46.20% in the quarter after that. In the rating firms’ projections, revenue will increase 22.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $23.55 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $25.72 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $20.22 million and $20.99 million respectively. In this case, analysts expect current quarter sales to grow by 16.50% and then jump by 22.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 18.80%. While earnings are projected to return -51.20% in 2022, the next five years will return 25.00% per annum.
The Joint Corp. is due to release its next quarterly earnings between August 03 and August 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The Joint Corp. (NASDAQ:JYNT)’s Major holders
The Joint Corp. insiders own 3.41% of total outstanding shares while institutional holders control 99.64%, with the float percentage being 103.16%. Fred Alger Management, LLC is the largest shareholder of the company, while 231 institutions own stock in it. As of Dec 30, 2021, the company held over 2.41 million shares (or 16.67% of all shares), a total value of $158.4 million in shares.
The next largest institutional holding, with 2.19 million shares, is of Blackrock Inc.’s that is approximately 15.17% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $144.15 million.
Also, the Mutual Funds coming in first place with the largest holdings of The Joint Corp. (JYNT) shares are Alger Small Cap Focus Fund and iShares Core S&P Smallcap ETF. Data provided on Jan 30, 2022 indicates that Alger Small Cap Focus Fund owns about 1.75 million shares. This amounts to just over 12.09 percent of the company’s overall shares, with a $94.45 million market value. The same data shows that the other fund manager holds slightly less at 1.01 million, or about 7.00% of the stock, which is worth about $54.7 million.