JOANN Inc (NASDAQ: JOAN) is -69.96% lower on its value in year-to-date trading and has touched a low of $0.18 and a high of $2.24 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The JOAN stock was last observed hovering at around $0.18 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $0.13, the stock is -61.93% and -69.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.06 million and changing -26.78% at the moment leaves the stock -82.06% off its SMA200. JOAN registered -93.94% loss for a year compared to 6-month loss of -84.42%. The firm has a 50-day simple moving average (SMA 50) of $0.92 and a 200-day simple moving average (SMA200) of -$18.03.
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The stock witnessed a -76.17% gain in the last 1 month and extending the period to 3 months gives it a -78.42%, and is -46.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 32.05% over the week and 21.44% over the month.
Profit margin for the company is -11.10%. Distance from 52-week low is -25.97% and -94.02% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.49%).
JOANN Inc quarterly earnings per share for the current quarter are estimated at $0.23 with sales reaching $709.8M over the same period.The EPS is expected to shrink by -176.47% this year, but quarterly earnings will post -1.60% year-over-year. Quarterly sales are estimated to grow 2.50% in year-over-year returns.
JOANN Inc (JOAN) Top Institutional Holders
34 institutions hold shares in JOANN Inc (JOAN), with institutional investors hold 75.10% of the company’s shares. The shares outstanding are 41.10M, and float is at 11.83M with Short Float at 18.80%. Institutions hold 72.16% of the Float.
The top institutional shareholder in the company is Leonard Green & Partners, L.P. with over 28.34 million shares valued at $24.77 million. The investor’s holdings represent 67.64% of the JOAN Shares outstanding. As of Jun 29, 2023, the second largest holder is JP Morgan Chase & Company with 2.0 million shares valued at $1.75 million to account for 4.77% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 0.53 million shares representing 1.27% and valued at over $0.47 million, while Royce & Associates LP holds 0.85% of the shares totaling 0.35 million with a market value of $0.31 million.
JOANN Inc (JOAN) Insider Activity
The most recent transaction is an insider sale by Thibault Joseph,the company’sSVP, Store Operations. SEC filings show that Thibault Joseph sold 161 shares of the company’s common stock on Jul 14 ’23 at a price of $1.18 per share for a total of $190.0. Following the sale, the insider now owns 46264.0 shares.
JOANN Inc disclosed in a document filed with the SEC on Jun 09 ’23 that Hays Marybeth (Director) bought a total of 22,300 shares of the company’s common stock. The trade occurred on Jun 09 ’23 and was made at $1.13 per share for $25199.0. Following the transaction, the insider now directly holds 44664.0 shares of the JOAN stock.
Still, SEC filings show that on Apr 14 ’23, Sekella Scott (EVP, Chief Financial Officer) acquired 27,700 shares at an average price of $1.59 for $44043.0. The insider now directly holds 78,754 shares of JOANN Inc (JOAN).
