JAKKS Pacific, Inc. (JAKK)’s Trend Down, Especially After Forming a Bearish Double Bottom

February 15, 2018 - By Adrian Erickson

The chart of JAKKS Pacific, Inc. (JAKK) shows a double bottom with $2.35 target or 5.00 % below today’s $2.48 share price. The 9 months chart pattern indicates high risk for the $56.36M company. It was reported on Feb, 15 by Finviz.com. If the $2.35 price target is reached, the company will be worth $2.82M less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.02% or $0.025 during the last trading session, reaching $2.475. About 22,295 shares traded. JAKKS Pacific, Inc. (NASDAQ:JAKK) has declined 38.82% since February 15, 2017 and is downtrending. It has underperformed by 55.52% the S&P500.

Analysts await JAKKS Pacific, Inc. (NASDAQ:JAKK) to report earnings on February, 22. They expect $-0.23 EPS, up 51.06 % or $0.24 from last year’s $-0.47 per share. After $0.53 actual EPS reported by JAKKS Pacific, Inc. for the previous quarter, Wall Street now forecasts -143.40 % negative EPS growth.

JAKKS Pacific, Inc. (NASDAQ:JAKK) Ratings Coverage

Among 8 analysts covering JAKKS Pacific (NASDAQ:JAKK), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. JAKKS Pacific had 18 analyst reports since August 20, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, July 13 report. Piper Jaffray downgraded the stock to “Neutral” rating in Monday, December 19 report. The rating was maintained by BMO Capital Markets with “Hold” on Monday, November 27. DA Davidson upgraded JAKKS Pacific, Inc. (NASDAQ:JAKK) on Monday, October 30 to “Neutral” rating. The stock of JAKKS Pacific, Inc. (NASDAQ:JAKK) earned “Outperform” rating by BMO Capital Markets on Tuesday, October 27. The firm has “Market Perform” rating given on Monday, December 19 by BMO Capital Markets. The stock of JAKKS Pacific, Inc. (NASDAQ:JAKK) has “Hold” rating given on Monday, October 30 by Stifel Nicolaus. As per Monday, July 10, the company rating was maintained by Stifel Nicolaus. BMO Capital Markets maintained JAKKS Pacific, Inc. (NASDAQ:JAKK) rating on Tuesday, September 5. BMO Capital Markets has “Hold” rating and $3.5 target. The firm has “Market Perform” rating given on Wednesday, July 26 by BMO Capital Markets.

More notable recent JAKKS Pacific, Inc. (NASDAQ:JAKK) news were published by: Seekingalpha.com which released: “JAKKS Pacific: Has It Bottomed Out?” on January 30, 2018, also Businesswire.com with their article: “JAKKS Pacific Announces Closing of Maturity Extension until 2020 of $21.55 …” published on November 08, 2017, Businesswire.com published: “JAKKS Pacific Taps Jared Wolfson as Senior Vice President, Digital Marketing …” on January 02, 2018. More interesting news about JAKKS Pacific, Inc. (NASDAQ:JAKK) were released by: Bizjournals.com and their article: “Jakks Pacific CFO to resign” published on December 29, 2017 as well as Seekingalpha.com‘s news article titled: “JAKKS Pacific receives takeover offer” with publication date: January 26, 2018.

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