JanOne Inc. (NASDAQ:JAN) shares traded higher over the last trading session, gaining 5.73% on 06/10/21. The shares fell to a low of $7.385 before closing at $8.12. Intraday shares traded counted 0.86 million, which was -49.09% lower than its 30-day average trading volume of 573.93K. JAN’s previous close was $7.68 while the outstanding shares total 2.40M. The firm has a beta of 1.72. The stock’s Relative Strength Index (RSI) is 59.23, with weekly volatility at 11.04% and ATR at 0.86. The JAN stock’s 52-week price range has touched low of $2.81 and a $31.83 high.
Investors have identified the Waste Management company JanOne Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $23.71 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
JanOne Inc. (JAN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 10.52 million total, with 17.45 million as their total liabilities.
JAN were able to record -0.64 million as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by 4.68 million. In cash movements, the company had a total of -0.34 million as operating cash flow.
Potential earnings growth for JanOne Inc. (JAN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, JanOne Inc. recorded a total of 8.67 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 2.56% coming in sequential stages and their sales for the 08/05/2021 quarter reducing by -5.44%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 7.25 million trying to sell their products during the last quarter, with the result yielding a gross income of 1.42 million. This allows shareholders to hold on to 2.40M with the recently reported earning now reading 0.26 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021.
Is the stock of JAN attractive?
In related news, Chief Financial Officer, Johnson Virland A sold 32,933 shares of the company’s stock in a transaction that recorded on May 24. The sale was performed at an average price of 6.70, for a total value of 220,651. As the sale deal closes, the Chief Financial Officer, Johnson Virland A now sold 4,112 shares of the company’s stock, valued at 35,569. Also, Chief Financial Officer, Johnson Virland A sold 1,469 shares of the company’s stock in a deal that was recorded on Nov 03. The shares were price at an average price of 3.61 per share, with a total market value of 5,303. In the last 6 months, insiders have changed their ownership in shares of company stock by 29.26%.
0 out of 1 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on JanOne Inc.. 0 analysts has assigned a Sell rating on the JAN stock. The 12-month mean consensus price target for the company’s shares has been set at $4.00.