JOANN Inc (NASDAQ: JOAN) closed the day trading at $0.28 down -43.68% from the previous closing price of $0.51. In other words, the price has decreased by -$0.2210 from its previous closing price. On the day, 3457844 shares were traded.
Ratios:
For a better understanding of JOAN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.20 and its Current Ratio is at 1.43.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on November 30, 2023, Reiterated its Market Perform rating but revised its target price to $1 from $1.50 previously.
Loop Capital Downgraded its Buy to Hold on June 29, 2022, whereas the target price for the stock was revised from $10 to $8.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 14 when Thibault Joseph sold 161 shares for $1.18 per share. The transaction valued at 190 led to the insider holds 46,264 shares of the business.
Hays Marybeth bought 22,300 shares of JOAN for $25,199 on Jun 09. The Director now owns 44,664 shares after completing the transaction at $1.13 per share. On Apr 14, another insider, Sekella Scott, who serves as the EVP, Chief Financial Officer of the company, bought 27,700 shares for $1.59 each. As a result, the insider paid 44,043 and bolstered with 78,754 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, JOAN now has a Market Capitalization of 21.28M and an Enterprise Value of 2.01B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.01. Its current Enterprise Value per Revenue stands at 0.93 whereas that against EBITDA is -18.17.
Stock Price History:
Over the past 52 weeks, JOAN has reached a high of $3.55, while it has fallen to a 52-week low of $0.39. The 50-Day Moving Average of the stock is 0.4966, while the 200-Day Moving Average is calculated to be 0.8231.
Shares Statistics:
Over the past 3-months, JOAN traded about 219.69K shares per day on average, while over the past 10 days, JOAN traded about 113.15k shares per day. A total of 41.10M shares are outstanding, with a floating share count of 11.83M. Insiders hold about 71.78% of the company’s shares, while institutions hold 4.47% stake in the company. Shares short for JOAN as of Feb 15, 2024 were 2.31M with a Short Ratio of 10.51, compared to 2.42M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.51% and a Short% of Float of 17.22%.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 48.65%.
Earnings Estimates
Current recommendations for the stock of the company come from 3 analysts. On average, analysts expect EPS of $0.36 for the current quarter, with a high estimate of $0.44 and a low estimate of $0.23, while EPS last year was $0.07. The consensus estimate for the next quarter is -$0.69, with high estimates of -$0.61 and low estimates of -$0.76.
Analysts are recommending an EPS of between -$2.23 and -$2.26 for the fiscal current year, implying an average EPS of -$2.24. EPS for the following year is -$1.43, with 3 analysts recommending between -$1 and -$1.89.
Revenue Estimates
3 analysts predict $710.07M in revenue for the current quarter. It ranges from a high estimate of $710.8M to a low estimate of $709.6M. As of the current estimate, JOANN Inc’s year-ago sales were $692.8M, an estimated increase of 2.50% from the year-ago figure.
A total of 3 analysts have provided revenue estimates for JOAN’s current fiscal year. The highest revenue estimate was $2.18B, while the lowest revenue estimate was $2.18B, resulting in an average revenue estimate of $2.18B. In the same quarter a year ago, actual revenue was $2.22B, down -1.60% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $2.15B in the next fiscal year. The high estimate is $2.16B and the low estimate is $2.15B. The average revenue growth estimate for next year is down -1.40% from the average revenue estimate for this year.
