Joint (JYNT) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Joint in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" JYNT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in JYNT, but not buy additional shares or sell existing shares.
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4 Wall Street analysts have issued 1-year target prices for Joint's stock. Their JYNT share price forecasts range from $13.00 to $30.00. On average, they anticipate the company's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 121.1% from the stock's current price.
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Joint's stock was trading at $13.98 at the start of the year. Since then, JYNT stock has decreased by 32.0% and is now trading at $9.50.
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Joint saw a increase in short interest in August. As of August 31st, there was short interest totaling 942,100 shares, an increase of 8.0% from the August 15th total of 872,200 shares. Based on an average daily volume of 125,700 shares, the short-interest ratio is presently 7.5 days. Approximately 6.6% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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The Joint Corp. (NASDAQ:JYNT) posted its quarterly earnings data on Wednesday, September, 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.02. The business had revenue of $29.31 million for the quarter, compared to analyst estimates of $29.85 million. Joint had a net margin of 2.81% and a trailing twelve-month return on equity of 9.54%.

Joint issued an update on its FY 2023 earnings guidance on Wednesday, September, 13th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $115.00 million-$118.00 million, compared to the consensus revenue estimate of $123.94 million.

87 employees have rated Joint Chief Executive Officer Peter D. Holt on Glassdoor.com. Peter D. Holt has an approval rating of 59% among the company's employees. This puts Peter D. Holt in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Joint investors own include Aurora Cannabis (ACB), Advanced Micro Devices (AMD), RTX (RTX), Salesforce (CRM), Mastercard (MA), Starbucks (SBUX), Twitter (TWTR), Viking Therapeutics (VKTX), AbbVie (ABBV) and Adobe (ADBE).

(JYNT) raised $20 million in an initial public offering (IPO) on Tuesday, November 11th 2014. The company issued 3,000,000 shares at $6.50 per share. Roth Capital Partners and Feltl and Company served as the underwriters for the IPO and Sanders Morris Harris was co-manager.

Joint trades on the NASDAQ under the ticker symbol "JYNT."

Joint's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bandera Partners LLC (18.05%), BlackRock Inc. (6.95%), Skylands Capital LLC (2.74%), Goldman Sachs Group Inc. (2.38%), Geode Capital Management LLC (1.91%) and O Brien Greene & Co. Inc (1.86%). Insiders that own company stock include Bandera Partners Llc, Glenn J Krevlin, Jake Singleton, James H Amos Jr, Matthew E Rubel, Matthew E Rubel, Peter D Holt and Ronald V Davella.
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Shares of JYNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of JYNT stock can currently be purchased for approximately $9.50.

Joint (NASDAQ:JYNT) has a market capitalization of $139.46 million and generates $101.91 million in revenue each year. The company earns $1.18 million in net income (profit) each year or $0.21 on an earnings per share basis.

The company employs 359 workers across the globe.

Joint's mailing address is 16767 N PERIMETER DRIVE SUITE 240, SCOTTSDALE AZ, 85260. The official website for the company is www.thejoint.com. The company can be reached via phone at (480) 245-5960, via email at thejoint@lhai.com, or via fax at 480-513-7989.