JAKKS Pacific Inc. (JAKK) shares are trading at higher $4.69 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $6.00.
To add more color to this target, the company’s high over the last year is $14.60 and the low is $3.00. Over the last 52 weeks, JAKK is down -38.39% while the S&P 500 is up 18.95%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, JAKK reported a profit of $16.77 million. JAKKS Pacific Inc. also saw revenues increase to $78.76 million. In addition, JAKK has free cash flow of -$16.24 million as of 06-2020. The company’s EBITDA came in at -$6.12 million which compares well with its peers.
JAKK booked profit margins of -7.00%, and its Return on Assets is -11.30%. All told, it is clear that, JAKK 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. JAKK has a short ratio of 0.73 and outstanding shares of 3.06M.
JAKK has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 61580.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -16.03. JAKKS Pacific Inc. JAKK also noted assets of $300.42 million at the end of the last quarter. Investors should also keep an eye on sector updates as JAKK has historically followed its peers on positive news.
All told, JAKKS Pacific Inc. JAKK has strung together solid data and demonstrated underlying fundamentals. At its current valuation, JAKK 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.
JAKKS Pacific Inc. JAKK is now commanding a market cap of 19.79M and a float of 2.83M. JAKK 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 JAKK 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 JAKK, either long or short, and we have not been compensated for this article.