Janover (NASDAQ:JNVR) Shares Up 19.6% - Still a Buy?

Janover Inc. (NASDAQ:JNVR - Get Free Report)'s share price rose 19.6% during trading on Friday . The company traded as high as $53.88 and last traded at $42.50. Approximately 5,161,325 shares were traded during mid-day trading, an increase of 2,494% from the average daily volume of 198,942 shares. The stock had previously closed at $35.53.

Janover Price Performance

The stock has a market cap of $35.06 million, a price-to-earnings ratio of -8.67 and a beta of -7.59. The business's fifty day simple moving average is $53.45 and its 200 day simple moving average is $21.62.

Insider Activity

In other news, insider Blake Janover sold 738,632 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $5.42, for a total transaction of $4,003,385.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 53.87% of the company's stock.

Janover Company Profile

Janover Inc engages in the provision of commercial property financing solutions. It operates an online platform that connects commercial mortgage borrowers, including owners, operators, and developers of commercial real estate and small business borrowers, looking for capital to refinance, build, or purchase commercial properties, including apartment buildings with commercial property lenders, such as banks, credit unions, REITs, debt funds, multifamily lenders, and others looking to deploy capital into commercial mortgages.