Joint (NASDAQ:JYNT) Share Price Crosses Above 50-Day Moving Average of $9.28

The Joint Corp. (NASDAQ:JYNTGet Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.28 and traded as high as $9.86. Joint shares last traded at $9.77, with a volume of 49,804 shares traded.

Analyst Upgrades and Downgrades

Separately, started coverage on shares of Joint in a report on Thursday, October 5th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Joint presently has an average rating of “Hold” and an average price target of $21.00.

Check Out Our Latest Report on JYNT

Joint Price Performance

The firm has a market capitalization of $144.11 million, a price-to-earnings ratio of 75.16 and a beta of 1.57. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $9.28 and its 200 day moving average is $9.64.

Joint (NASDAQ:JYNTGet Free Report) last announced its quarterly earnings data on Thursday, November 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.09). The firm had revenue of $29.47 million for the quarter, compared to analyst estimates of $29.55 million. Joint had a return on equity of 5.60% and a net margin of 1.69%. On average, equities research analysts anticipate that The Joint Corp. will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Joint

A number of hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new stake in shares of Joint during the 2nd quarter worth approximately $1,161,000. Russell Investments Group Ltd. boosted its holdings in Joint by 40.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 98,416 shares of the company’s stock worth $1,329,000 after acquiring an additional 28,170 shares during the last quarter. Strs Ohio raised its stake in shares of Joint by 69.1% during the 3rd quarter. Strs Ohio now owns 25,200 shares of the company’s stock worth $226,000 after purchasing an additional 10,300 shares during the period. Skylands Capital LLC raised its stake in shares of Joint by 24.5% during the 3rd quarter. Skylands Capital LLC now owns 501,790 shares of the company’s stock worth $4,511,000 after purchasing an additional 98,900 shares during the period. Finally, Verus Capital Partners LLC raised its stake in Joint by 24.0% in the 3rd quarter. Verus Capital Partners LLC now owns 108,370 shares of the company’s stock valued at $974,000 after acquiring an additional 20,950 shares during the period. 87.61% of the stock is currently owned by institutional investors and hedge funds.

About Joint

(Get Free Report)

The Joint Corp. develops, owns, operates, supports, and manages chiropractic clinics. The company operates in two segments, Corporate Clinics and Franchise Operations. It operates through direct ownership, management arrangements, franchising, and regional developers. As of March 1, 2022, the company operated approximately 700 locations in the United States.

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