JanOne Inc. (NASDAQ:JAN) shares, rose in value on Friday, 08/05/22, with the stock price down by -3.94% to the previous day’s close as strong demand from buyers drove the stock to $3.17.
Actively observing the price movement in the last trading, the stock closed the session at $3.30, falling within a range of $3.03 and $3.87. The value of beta (5-year monthly) was 1.83. Referring to stock’s 52-week performance, its high was $8.11, and the low was $1.89. On the whole, JAN has fluctuated by 11.62% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that JAN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of JAN currently trading nearly 11.20% and 10.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.20, while the 7-day volatility ratio is showing 18.78% which for the 30-day chart, stands at 9.38%. Furthermore, JanOne Inc. (JAN)’s beta value is 1.81, and its average true range (ATR) is 0.31.
Data on historical trading for JanOne Inc. (NASDAQ:JAN) indicates that the trading volumes over the past 10 days have averaged 0.19 million and over the past 3 months, they’ve averaged 2.49 million. According to company’s latest data on outstanding shares, there are 2.83 million shares outstanding.
Nearly 17.86% of JanOne Inc.’s shares belong to company insiders and institutional investors own 3.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10700.0 shares as on Jul 14, 2022, resulting in a short ratio of 0.05. According to the data, the short interest in JanOne Inc. (JAN) stood at 0.38% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 0.16 million. The stock has fallen by -22.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JAN stock heading into the next quarter.