Breaking: A Reversal for Joint Corp Is Not Near. The Stock Declines Again

Breaking: A Reversal for Joint Corp Is Not Near. The Stock Declines Again

The stock of Joint Corp (NASDAQ:JYNT) is a huge mover today! About 84,270 shares traded hands or 194.99% up from the average. Joint Corp (NASDAQ:JYNT) has declined 34.38% since April 18, 2016 and is downtrending. It has underperformed by 38.81% the S&P500.
The move comes after 5 months negative chart setup for the $29.63M company. It was reported on Nov, 18 by Barchart.com. We have $2.09 PT which if reached, will make NASDAQ:JYNT worth $3.56 million less.

Analysts await Joint Corp (NASDAQ:JYNT) to report earnings on November, 21. They expect $-0.20 earnings per share, down 17.65% or $0.03 from last year’s $-0.17 per share. After $-0.26 actual earnings per share reported by Joint Corp for the previous quarter, Wall Street now forecasts -23.08% EPS growth.

Joint Corp (NASDAQ:JYNT) Ratings Coverage

Out of 2 analysts covering Joint Corp (NASDAQ:JYNT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Joint Corp has been the topic of 3 analyst reports since January 21, 2016 according to StockzIntelligence Inc. As per Friday, June 24, the company rating was downgraded by Feltl & Co. As per Friday, July 1, the company rating was maintained by Maxim Group. The stock has “Buy” rating given by Maxim Group on Thursday, January 21.

According to Zacks Investment Research, “The Joint Corp. is a healthcare franchisor of chiropractic clinics. The Company’s plans include: Single Visit, Premium Wellness Plan and Wellness Plan. It also provides a family wellness plan. The Company also provides removal of subluxations. It operates its clinics across: Albany, New York; Austin, Texas; Brentwood, California; Fort Mill, South Carolina; Lubbock, Texas; Lynnwood, Washington; Middletown, New Jersey; San Antonio, Texas; San Diego, California and Spartanburg, South Carolina, among others. The Joint Corp. is headquartered in Scottsdale, Arizona.”

Another recent and important Joint Corp (NASDAQ:JYNT) news was published by Globenewswire.com which published an article titled: “The Joint Corp. Announces Resignation of Francis T. Joyce as Chief Financial …” on June 23, 2016.

JYNT Company Profile

The Joint Corp., incorporated on March 10, 2010, develops, owns, operates, supports and manages chiropractic clinics through direct ownership, management arrangements, franchising and the sale of regional developer rights throughout the United States. The Firm is franchisor and operator of chiropractic clinics that uses a private pay, non-insurance, cash model. The Firm offers its patients the opportunity to visit its clinics without an appointment and receive prompt attention. The Firm offers extended hours of operation, including weekends.

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