China Jo-Jo Drugstores Inc. (NASDAQ:CJJD) finished Friday with a subtraction of -$0.03 to close at $0.32, a downside of -7.41 percent. An average of 566,280 shares of common stock have been traded in the last five days. There was a fall of -$0.0639 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 435,400 shares traded, while the 50-day average volume stands at 746,584.
CJJD stock has decreased by -30.17% in the last month. The company shares reached their 1-month lowest point of $0.3130 on 08/11/23. With the stock rallying to its 52-week high on 03/01/23, shares of the company touched a low of $0.33 and a high of $9.65 in 52 weeks. It has reached a new high 6 times so far this year and lost -91.02% or -$3.2539 in price. In spite of this, the price is down -96.67% from the 52-week high.
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Valuation Metrics
China Jo-Jo Drugstores Inc. (CJJD) stock’s beta is -0.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.05, the price-to-book (PB) ratio at 0.28.
Financial Health
The quick ratio of China Jo-Jo Drugstores Inc. for the recent quarter was 0.70, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 1.63 for the recent quarter. China Jo-Jo Drugstores Inc.’s EBITDA margin is -13.58%, while its operating margin for the same period stands at -14.10%. Its gross profit as reported stood at $29.24 million compared to revenue of $133.13 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, China Jo-Jo Drugstores Inc.’s return on assets was -20.30%.
Earnings Surprise
The company posted a net income of -$21.14 million in the quarter, while revenues were grew 84.91%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at China Jo-Jo Drugstores Inc. (CJJD) price momentum. RSI 9-day as of the close on 11 August was 23.74%, suggesting the stock is oversold, with historical volatility in this time frame at 47.23%.
As of today, CJJD’s price is $0.3543 -16.60% or -$0.0639 from its 5-day moving average. CJJD is currently trading -28.05% lower than its 20-day SMA and -91.85% lower than its 100-day SMA. However, the stock’s current price level is -56.95% below the SMA50 and -80.66% below the SMA200.
The stochastic %K and %D were 14.47% and 19.77%, respectively, and the average true range (ATR) was 0.0306. With the 14-day stochastic at 7.59% and the average true range at 0.0351, the RSI (14) stands at 28.56%. The stock has reached -0.0251 on the 9-day MACD Oscillator while the 14-day reading was at -0.0345.
Analyst Ratings
The consensus rating for China Jo-Jo Drugstores Inc. (CJJD) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CJJD, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is CJJD’s price target for the next 12 months?
Analysts predict a range of price targets between $84.00 and $84.00, with a median target of $84.00. Taking a look at these predictions, the average price target given by analysts for China Jo-Jo Drugstores Inc. (CJJD) stock is $84.00.
