Renaissance Technologies LLC recently announced the acquisition of new stake in China Jo-Jo Drugstores Inc. (NASDAQ:CJJD). The institutional investor has increased its shareholding in the Healthcare company by 4.73% to 1.0 million shares with purchase of 45313.0 shares. This fresh investment now brings its stake to 2.65% valued currently at $1.38 million.
With over 0.67 million China Jo-Jo Drugstores Inc. (CJJD) shares trading Friday and a closing price of $1.21 on the day, the dollar volume was approximately $0.81 million. The shares have shown a negative weekly performance of -9.02% and its price on 07/24/20 lost nearly -3.20%. Currently, there are 32.94M common shares owned by the public and among those 28.51M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for CJJD have a consensus price objective of $7.00. The analysts have set the share’s price value over the next 12 months at a high of $7.00 and a low of $7.00 should the stock experience a downside. But an upside of 82.71% will see the stock hit the forecast high price target while mean target price for the stock is $7.00.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
Fidelity Nasdaq Composite Index F owns 47150.0 shares of the company’s stock, all valued at over $65067.0. The company sold 13436.0 shares recently to bring their total holdings to about 0.12% of the shares outstanding.
Shares of China Jo-Jo Drugstores Inc. (NASDAQ: CJJD) opened at $1.27, up $0.02 from a prior closing price of $1.25. However, the script later closed the day at $1.21, down -3.20%. The company’s stock has a 5-day price change of -9.02% and -48.29% over the past three months. CJJD shares are trading -33.52% year to date (YTD), with the 12-month market performance up to 11.01% higher. It has a 12-month low price of $1.03 and touched a high of $3.46 over the same period. Currently, 0.67 million shares have been traded, compared to an average intraday trading volume of 3.23 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.19%, -32.55%, and -29.70% respectively.
Institutional ownership of China Jo-Jo Drugstores Inc. (NASDAQ: CJJD) shares accounts for 20.00% of the company’s 32.94M shares outstanding. Mutual fund holders own 28.45%, while other institutional holders and individual stakeholders account for 9.44% and 0.12% respectively.
It has a market capitalization of $47.04M and a beta (3y monthly) value of 0.62. The earnings-per-share (ttm) stands at -$0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.05% over the week and 5.31% over the month.
Analysts forecast that China Jo-Jo Drugstores Inc. (CJJD) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should grow at an annualized rate of 30.00% over the next five years, compared to -38.70% over the past 5-year period.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”