Why The Joint Corp. Stock Jumped 15.5% Today-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

Why The Joint Corp. Stock Jumped 15.5% Today

fool2021-05-25

What happened

Shares of chiropractic chainThe Joint Corp.(NASDAQ:JYNT)jumped 15.5% through 10 a.m. EDT this morning. The primary catalyst for the move appears to be the company's announcement that its stock will join theS&P SmallCap 600index before market open on Thursday, May 27.

Investors are presumably rushing to buy The Joint stock now in order to "front-run" index funds and ETFs that mimic the movements of the S&P SmallCap 600. ThosefundsandETFswill have to buy shares of The Joint themselves on Thursday, in order to accurately reflect the composition of the index.

So what

But that's not the only reason to be interested in The Joint stock. Earlier this month,The Joint reported earningsfor its first fiscal quarter 2021.

Same-store sales jumped 21%, and total sales (from both existing and newly opened storefronts) grew 29% year over year, with net income of $0.16 per share -- nearly triple last year's Q1 total.

Now what

Excitement over The Joint stock could die down after the S&P SmallCap 600 index adjustment is made.Longer-term, though, The Joint stock could enjoy strength if management hits its goal of generating between $73.5 million and $77.5 million in revenue this year, and positive adjusted EBITDA between $11 million and $12.5 million. Wall Street believes the company could earn $0.35 per share in profit, nearly four times what the company earned in 2020.

That could be enough to keep today's stock price rally going.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

empty

No comments yet

Most Discussed

7x24

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1112499666?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-25 23:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1112499666","market":"us","top_or_hot":-1,"title":"Why The Joint Corp. Stock Jumped 15.5% Today","media":"fool","content":"<p>What happened</p><p>Shares of chiropractic chain<b>The Joint Corp.</b>(NASDAQ:JYNT)jumped 15.5% through 10 a.m. EDT this morning. The primary catalyst for the move appears to be the company's announcement that its stock will join the<b>S&amp;P SmallCap 600</b>index before market open on Thursday, May 27.</p><p>Investors are presumably rushing to buy The Joint stock now in order to \"front-run\" index funds and ETFs that mimic the movements of the S&amp;P SmallCap 600. ThosefundsandETFswill have to buy shares of The Joint themselves on Thursday, in order to accurately reflect the composition of the index.</p><p>So what</p><p>But that's not the only reason to be interested in The Joint stock. Earlier this month,The Joint reported earningsfor its first fiscal quarter 2021.</p><p>Same-store sales jumped 21%, and total sales (from both existing and newly opened storefronts) grew 29% year over year, with net income of $0.16 per share -- nearly triple last year's Q1 total.</p><p>Now what</p><p>Excitement over The Joint stock could die down after the S&amp;P SmallCap 600 index adjustment is made.Longer-term, though, The Joint stock could enjoy strength if management hits its goal of generating between $73.5 million and $77.5 million in revenue this year, and positive adjusted EBITDA between $11 million and $12.5 million. Wall Street believes the company could earn $0.35 per share in profit, nearly four times what the company earned in 2020.</p><p>That could be enough to keep today's stock price rally going.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why The Joint Corp. Stock Jumped 15.5% Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy The Joint Corp. Stock Jumped 15.5% Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 23:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/25/why-the-joint-corp-stock-jumped-155-today/><strong>fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happenedShares of chiropractic chainThe Joint Corp.(NASDAQ:JYNT)jumped 15.5% through 10 a.m. EDT this morning. The primary catalyst for the move appears to be the company's announcement that its ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/25/why-the-joint-corp-stock-jumped-155-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JYNT","symbol_name":"The Joint Corp.","start_time":0,"source_url":"https://www.fool.com/investing/2021/05/25/why-the-joint-corp-stock-jumped-155-today/","article_id":"1112499666","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112499666","pubTimestamp":1621955325,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"What happenedShares of chiropractic chainThe Joint Corp.(NASDAQ:JYNT)jumped 15.5% through 10 a.m. ED","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"JYNT":"The Joint Corp."},"translate_title":"为什么联合公司的股票今天上涨了15.5%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JYNT":0.9},"content_text":"What happenedShares of chiropractic chainThe Joint Corp.(NASDAQ:JYNT)jumped 15.5% through 10 a.m. EDT this morning. The primary catalyst for the move appears to be the company's announcement that its stock will join theS&P SmallCap 600index before market open on Thursday, May 27.Investors are presumably rushing to buy The Joint stock now in order to \"front-run\" index funds and ETFs that mimic the movements of the S&P SmallCap 600. ThosefundsandETFswill have to buy shares of The Joint themselves on Thursday, in order to accurately reflect the composition of the index.So whatBut that's not the only reason to be interested in The Joint stock. Earlier this month,The Joint reported earningsfor its first fiscal quarter 2021.Same-store sales jumped 21%, and total sales (from both existing and newly opened storefronts) grew 29% year over year, with net income of $0.16 per share -- nearly triple last year's Q1 total.Now whatExcitement over The Joint stock could die down after the S&P SmallCap 600 index adjustment is made.Longer-term, though, The Joint stock could enjoy strength if management hits its goal of generating between $73.5 million and $77.5 million in revenue this year, and positive adjusted EBITDA between $11 million and $12.5 million. Wall Street believes the company could earn $0.35 per share in profit, nearly four times what the company earned in 2020.That could be enough to keep today's stock price rally going.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}