The China Jo-Jo Drugstores Inc. (CJJD) shares are trading at lower $1.38.
To add more color to this target, the company’s high over the last year is $3.46 and the low is $1.03. Over the last 52 weeks, CJJD is down -60.12% while the S&P 500 is up 1.02%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CJJD reported a profit of $7.28 million. China Jo-Jo Drugstores Inc. also saw revenues increase to $33.36 million. In addition, CJJD has free cash flow of -$12.54 million as of 12-2019. The company’s EBITDA came in at $1.07 million which compares well with its peers.
CJJD booked profit margins of -1.30%, its Return on Equity (ROE) is -6.50%, and its Return on Assets is -1.80%. All told, it is clear that, CJJD needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CJJD has a short ratio of 0.14 and outstanding shares of 32.94M.
CJJD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.98 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.04. China Jo-Jo Drugstores Inc. CJJD also noted assets of $85.8 million at the end of the last quarter. Investors should also keep an eye on sector updates as CJJD has historically followed its peers on positive news.
All told, China Jo-Jo Drugstores Inc. CJJD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CJJD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
China Jo-Jo Drugstores Inc. CJJD is now commanding a market cap of 52.40M and a float of 28.51M. CJJD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CJJD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in CJJD, either long or short, and we have not been compensated for this article.