The stock of Jamba, Inc. (NASDAQ:JMBA) hit a new 52-week low and has $8.76 target or 11.00% below today’s $9.84 share price. The 5 months bearish chart indicates high risk for the $151.12 million company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $8.76 price target is reached, the company will be worth $16.62M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 52,255 shares traded hands. Jamba, Inc. (NASDAQ:JMBA) has declined 17.09% since April 4, 2016 and is downtrending. It has underperformed by 18.18% the S&P500.
Analysts await Jamba, Inc. (NASDAQ:JMBA) to report earnings on November, 14. They expect $0.15 EPS, up 50.00% or $0.05 from last year’s $0.1 per share. JMBA’s profit will be $2.30M for 16.40 P/E if the $0.15 EPS becomes a reality. After $0.19 actual EPS reported by Jamba, Inc. for the previous quarter, Wall Street now forecasts -21.05% negative EPS growth.
Jamba, Inc. (NASDAQ:JMBA) Ratings Coverage
Out of 3 analysts covering Jamba (NASDAQ:JMBA), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Jamba has been the topic of 4 analyst reports since August 26, 2015 according to StockzIntelligence Inc. On Tuesday, November 10 the stock rating was downgraded by Dougherty & Company to “Neutral”. TheStreet upgraded Jamba, Inc. (NASDAQ:JMBA) on Wednesday, August 26 to “Sell” rating.
According to Zacks Investment Research, “Jamba, Inc., through its subsidiary, Jamba Juice Company, offers blended beverages, juices, fruit smoothies, and snacks primarily in the United States. The company was founded in 1990. It was formerly known as Services Acquisition Corp. International and changed its name to Jamba, Inc. in November 2006. The company is headquartered in San Francisco, California”
Insitutional Activity: The institutional sentiment decreased to 0.47 in Q2 2016. Its down 0.30, from 0.77 in 2016Q1. The ratio fall, as 8 funds sold all Jamba, Inc. shares owned while 26 reduced positions. 3 funds bought stakes while 13 increased positions. They now own 12.53 million shares or 3.76% less from 13.02 million shares in 2016Q1.
The United Kingdom-based Legal General Group Public has invested 0% in Jamba, Inc. (NASDAQ:JMBA). Numeric Investors Limited Liability Company holds 0.01% of its portfolio in Jamba, Inc. (NASDAQ:JMBA) for 102,722 shares. Voya Management Lc accumulated 10,289 shares or 0% of the stock. Invesco Limited has 12,511 shares for 0% of their US portfolio. Creative Planning accumulated 173 shares or 0% of the stock. Pax Mngmt Ltd Company owns 579,307 shares or 0.35% of their US portfolio. Vanguard Gp Inc accumulated 0% or 617,549 shares. Tiaa Cref Invest Mngmt Ltd Liability last reported 43,713 shares in the company. Grp has 7,328 shares for 0% of their US portfolio. Blackrock Inc last reported 0% of its portfolio in the stock. New York State Common Retirement Fund reported 12,700 shares or 0% of all its holdings. Blackrock Institutional Trust Na holds 345,125 shares or 0% of its portfolio. Heartland Advsrs holds 225,200 shares or 0.13% of its portfolio. Blackrock Ltd Company accumulated 7,354 shares or 0% of the stock. Gsa Partners Ltd Liability Partnership holds 0.01% or 19,113 shares in its portfolio.
Insider Transactions: Since August 9, 2016, the stock had 2 buys, and 1 insider sale for $2.80 million net activity. 7,500 shares were bought by PACE DAVID, worth $86,017 on Friday, August 19. ADKINS STEVE also sold $22,874 worth of Jamba, Inc. (NASDAQ:JMBA) shares. Welling Glenn W. had bought 250,000 shares worth $2.74 million.
More notable recent Jamba, Inc. (NASDAQ:JMBA) news were published by: Businesswire.com which released: “Jamba, Inc. Announces Third Quarter 2016 Financial Results” on November 04, 2016, also Reuters.com with their article: “BRIEF-Jamba inc and units entered into a credit agreement” published on November 04, 2016, Rttnews.com published: “Jamba, Inc. Q3 Income Advances 14%” on November 04, 2016. More interesting news about Jamba, Inc. (NASDAQ:JMBA) were released by: Businesswire.com and their article: “Jamba, Inc. Plans Strategic Changes to Enhance Franchise Support and Fuel Growth” published on May 04, 2016 as well as Businesswire.com‘s news article titled: “Jamba, Inc. Nears Completion of Refranchising Efforts with 16-Store California …” with publication date: October 29, 2015.
JMBA Company Profile
Jamba, Inc., incorporated on January 6, 2005, is a restaurant retailer of specialty food and beverage offerings. The Firm operates through retail segment. The Company’s offerings include whole fruit smoothies, squeezed juices and juice blends, Energy Bowls, and a range of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads, baked goods and snacks. The Company, through its subsidiary, Jamba Juice Company, operates a lifestyle brand. The Firm has a global business driven by a portfolio of franchised and company-owned Jamba Juice stores, and licensed JambaGO and Jamba Juice Express formats. The Jamba brand includes product platforms and both licensed and firm driven consumer packaged goods (CPG).
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