JanOne Inc (NASDAQ: JAN) stock jumped 11.42% on Friday to $0.44 against a previous-day closing price of $0.40. With 0.47 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.31 million shares. During the session, the Waste Management company that operates in wider Industrials sector, reached to the highest price of $0.4469 whereas the lowest price it dropped to was $0.3796. The 52-week range on JAN shows that it touched its highest point at $2.23 and its lowest point at $0.22 during that stretch. Beta for the stock currently stands at 1.83.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JAN was down-trending over the past week, with a drop of -17.15%, but this was up by 30.88% over a month. Three-month performance dropped to -33.18% while six-month performance fell -60.27%. The stock lost -77.53% in the past year, while it has lost -67.52% so far this year.
Float and Shares Shorts:
At present, 4.96 million JAN shares are outstanding with a float of 4.02 million shares on hand for trading. On Oct 30, 2023, short shares totaled 26050.0, which was 0.62% higher than short shares on Sep 28, 2023. In addition to Mr. Tony Isaac as the firm’s President, CEO, Corporate Secretary & Director, Mr. Virland A. Johnson CPA serves as its Chief Financial Officer.
Through their ownership of 13.79% of JAN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.34% of JAN, in contrast to 4.93% held by mutual funds. Shares owned by individuals account for 2.10%. As the largest shareholder in JAN with 3.11% of the stake, LPL Financial LLC holds 130,141 shares worth 130,141. A second-largest stockholder of JAN, The Vanguard Group, Inc., holds 72,404 shares, controlling over 1.73% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in JAN, holding 31,000 shares or 0.74% stake. With a 1.75% stake in JAN, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 73,304 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.31% of JAN stock, is the second-largest Mutual Fund holder. It holds 12,858 shares valued at 4115.0. Fidelity Series Total Market Inde holds 0.03% of the stake in JAN, owning 1,372 shares worth 439.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JAN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With JAN analysts setting a high price target of $20.00 and a low target of $20.00, the average target price over the next 12 months is $20.00. Based on these targets, JAN could surge 4445.45% to reach the target high and rise by 4445.45% to reach the target low. Reaching the average price target will result in a growth of 4445.45% from current levels.
Summary of Insider Activity:
Insiders traded JAN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 204,404 while 0 shares were sold.