JanOne Inc. [NASDAQ: JAN] closed the trading session at $5.01 on 08/11/20. The day’s price range saw the stock hit a low of $4.62, while the highest price level was $6.52. The company report on August 11, 2020 that /C O R R E C T I O N — JanOne/.
In the news release, JanOne Completes Stable Formulation of JAN101 in Preparation for Its First GMP Manufacturing Batch to Support Upcoming Clinical Trials, issued 11-Aug-2020 by JanOne over PR Newswire, we are advised by the company that the 1st paragraph, 1st sentence, should read “[JAN101…] showed success in Phase 1 and Phase 2a trials […]” rather than “[JAN101…] showed success in Phase 1 and Phase 2b trials […]” as originally issued inadvertently. The complete, corrected release follows:.
JanOne Inc. (Nasdaq: JAN), a company focused on bringing treatments to market for conditions that cause severe pain and drugs with non-addictive, pain-relieving properties, together with its manufacturing partner, has successfully completed the formulation of JAN101, its potential treatment for Peripheral Artery Disease (PAD) expected to soon be in Phase 2b trials. In addition, JAN101 is planned for use to treat COVID-19 vascular complications pending approval of the IND submission, expected to be completed in late August 2020.
The stocks have a year to date performance of 69.26 percent and weekly performance of 20.72 percent. The stock has been moved at 42.74 percent over the last six months. The stock has performed 53.21 percent around the most recent 30 days and changed 115.02 percent over the most recent 3-months.
If compared to the average trading volume of 170.37K shares, JAN reached to a volume of 4461573 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about JanOne Inc. [JAN]:
The Average True Range (ATR) for JanOne Inc. is set at 0.70, with the Price to Sales ratio for JAN stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 0.31.
JAN stock trade performance evaluation
JanOne Inc. [JAN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.72. With this latest performance, JAN shares gained by 53.21% in over the last four-week period, additionally plugging by 42.74% over the last 6 months – not to mention a rise of 42.33% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JAN stock in for the last two-week period is set at 64.36, with the RSI for the last a single of trading hit 64.49, and the three-weeks RSI is set at 63.55 for JanOne Inc. [JAN]. The present Moving Average for the last 50 days of trading for this stock 3.49, while it was recorded at 4.67 for the last single week of trading, and 3.08 for the last 200 days.
JanOne Inc. [JAN]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and JanOne Inc. [JAN] shares currently have an operating margin of -35.42 and a Gross Margin at +10.85. JanOne Inc.’s Net Margin is presently recorded at -34.09.
Return on Total Capital for JAN is now -67.39, given the latest momentum, and Return on Invested Capital for the company is -72.95. Return on Equity for this stock declined to -74.89, with Return on Assets sitting at -37.07. When it comes to the capital structure of this company, JanOne Inc. [JAN] has a Total Debt to Total Equity ratio set at 45.28. Additionally, JAN Total Debt to Total Capital is recorded at 31.17, with Total Debt to Total Assets ending up at 16.13. Long-Term Debt to Equity for the company is recorded at 8.22, with the Long-Term Debt to Total Capital now at 5.66.
Reflecting on the efficiency of the workforce at the company, JanOne Inc. [JAN] managed to generate an average of -$57,519 per employee. Receivables Turnover for the company is 5.59 with a Total Asset Turnover recorded at a value of 1.09.JanOne Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.40.
JanOne Inc. [JAN]: Insider Ownership positions
There are presently around $0 million, or 0.30% of JAN stock, in the hands of institutional investors. The top three institutional holders of JAN stocks are: VIRTU FINANCIAL LLC with ownership of 11,576, which is approximately New of the company’s market cap and around 52.97% of the total institutional ownership; UBS GROUP AG, holding 3,387 shares of the stock with an approximate value of $17000.0 in JAN stocks shares; and BLACKROCK INC., currently with $1000.0 in JAN stock with ownership of nearly 0% of the company’s market capitalization.
Positions in JanOne Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 3 institutional holders increased their position in JanOne Inc. [NASDAQ:JAN] by around 12,003 shares. Additionally, 4 investors decreased positions by around 34,229 shares, while 2 investors held positions by with 31,045 shares. The mentioned changes placed institutional holdings at 15,187 shares, according to the latest SEC report filing. JAN stock had 2 new institutional investments in for a total of 11,582 shares, while 3 institutional investors sold positions of 34,219 shares during the same period.