Is It Time To Get Into — Or Out Of — Jason Industries, Inc. (JASN)?

Jason Industries, Inc. (NASDAQ:JASN) could be among the worst stocks to invest in right now as the company shares are trading 4.23% or 0.03 points down from last closing price of $0.71, reaching $0.68 at last check. Any clue why there is so much of action in the JASN stock? The share price has dropped in 3 of the last 5 days and is down -63.38% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -6,899 shares, and in total 141101 shares valued at $95949 were seen changing hands compared with 148000 shares valued at $105080 recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the JASN stock is near its bottom.

Jason Industries, Inc. (JASN) shares have notched a 3-month decline of about -63.38%, but has still tumbled -47.88% year to date. By comparison, the stock sank -75.88% over the past 12 months, while it slipped -46.32% over the 1 month. The company’s market cap is around $20.28M, with its short interest ratio standing at 7.6%.

In the current trading session for JASN, the stock witnessed two major price actions, it rose to a high of $0.748 and was down as much as $0.6558 at one point. The high recorded is very low when compared to their 52-week high which is $0.71. The 52-week high is now at -81.62 distance from current price. Their recent low of $3.7 represents a -4.76% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for JASN is $3.5, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.

The stock of Jason Industries, Inc. earned $-0.81 per share in the trailing 12 months and has a P/E ratio of -0.84. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 19.34 and lower compared to the sector’s average of 24.02. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. JASN also has P/S multiple of 0.03. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.89x.

The company recorded an interesting insider purchase transaction by the Major Shareholder on Mar 07, 2019. A Securities and Exchanges Commission filings show that Wynnefield Partners Small Cap bought a total of 12,846 JASN shares that day for a sum of around $23,123. Jason Industries, Inc. (JASN) insiders have acquired no shares in the stock within the past three months. In total, individual insiders traded 130,414 shares in the business, which makes up 7.632% of 1,708,768 shares that were traded over a year. In the past 12 months, insiders have purchased 517,573 shares while the seller parted with 1,191,195 shares.

JASN‘s last price was down -65.36% as compared to the average trading price of 50 days recorded at $1.96 while enlarging the period to 200 trading days, the average closing price was $1.28. At present, there are 28.41 million in the total number of common shares owned by the public and among those 22.9 million shares have been available to trade. The percentage of shares being held by the company management was 2.7% while institutions stake was 36.4%. The company has generated positive returns on equity over the last 12 months (50.1%). It managed to keep its gross profit margin at 20.3% over the past 12 months.

When assessing the full upside of the JASN stock, there is another set of technicals that should be looked into and considered. Its -29.47% decline from moving average of $0.96 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 1.42 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.

In the last five years, the EPS of the company has been roughly -55.7%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about 0 over the last five years. The company recently recorded a drop of -15.1%, but this figure is rather unattractive.

Let’s briefly check the hedge fund interest towards JASN stock. Essex Investment Management Co. LLC added position in the company after it grew 8.1% or 230,024 shares of its common stock. The hedge fund now owns 248,656 shares worth $169,086, SEC documents show. Renaissance Technologies LLC cut assets in the stock as 983564.3 shares have been sold, reducing its stake by -4.3% to 941,271 shares which are currently valued at $640,064. In addition, BlackRock Inc. recently reported that it now owns 90,375 shares making a total of $61,455 based on the recent price. This refelects a change of -17.1% in their ownership.