Market Recap: J-Long Group Ltd (JL)’s Negative Momentum%, Closing at $5.79

Kiel Thompson

For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.

The closing price of J-Long Group Ltd (NASDAQ: JL) was $5.79 for the day, down -2.36% from the previous closing price of $5.93. In other words, the price has decreased by -$2.36 from its previous closing price. On the day, 1.21 million shares were traded. JL stock price reached its highest trading level at $8.22 during the session, while it also had its lowest trading level at $5.79.

Ratios:

Our analysis of JL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.36 and its Current Ratio is at 2.79. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.08.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, JL now has a Market Capitalization of 21780254 and an Enterprise Value of 13860303. As of this moment, J-Long’s Price-to-Earnings (P/E) ratio for their current fiscal year is 65.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.98 while its Price-to-Book (P/B) ratio in mrq is 10.18. Its current Enterprise Value per Revenue stands at 0.324 whereas that against EBITDA is 5.087.

Stock Price History:

The Beta on a monthly basis for JL is -0.75, which has changed by 0.11676085 over the last 52 weeks, in comparison to a change of 0.15507638 over the same period for the S&P500. Over the past 52 weeks, JL has reached a high of $13.41, while it has fallen to a 52-week low of $2.60. The 50-Day Moving Average of the stock is 3.68%, while the 200-Day Moving Average is calculated to be 7.46%.

Shares Statistics:

JL traded an average of 22.85K shares per day over the past three months and 5530 shares per day over the past ten days. A total of 3.76M shares are outstanding, with a floating share count of 1.65M. Insiders hold about 56.07% of the company’s shares, while institutions hold 0.48% stake in the company. Shares short for JL as of 1767139200 were 14247 with a Short Ratio of 0.62, compared to 1764288000 on 14243. Therefore, it implies a Short% of Shares Outstanding of 14247 and a Short% of Float of 0.86.

Dividends & Splits

The current Payout Ratio is 0.00% for JL, which recently paid a dividend on 2024-03-08 with an ex-dividend date of 2024-03-08. Stock splits for the company last occurred on 2024-12-10 when the company split stock in a 1:10 ratio.

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