Is This Stock a Screaming Buy: China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD)

Equity Research firms currently have a positive stance on shares of China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $7.00 on a short term basis.

At the time of writing, the stock was trading at $1.75. This represents a change from the opening price of -0.62%. In terms of performance, year to date, the stock is -8.42%. The monthly stock performance comes in at -7.89%. For the quarter, shares are performing at -6.41%. Weekly performance analysis shows the equity at -1.68%.

In taking a look at technical levels, shares are trading -7.09% away from the 50 day simple moving average and 0.92% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -29.18% away from it’s 52- week high and 24.94% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, China Jo-Jo Drugstores, Inc.’s RSI stands at 39.98. In looking at volatility levels, the shares saw weekly volatility of 1.58% and 2.21% over the past month.

Leave a Comment