Is Selling 52-Week Stock Like JAKKS Pacific, Inc. (JAKK) a Winning Strategy?

March 18, 2018 - By Marie Mckinney

The stock of JAKKS Pacific, Inc. (NASDAQ:JAKK) hit a new 52-week low and has $2.13 target or 3.00 % below today’s $2.20 share price. The 6 months bearish chart indicates high risk for the $50.10M company. The 1-year low was reported on Mar, 18 by If the $2.13 price target is reached, the company will be worth $1.50 million 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.

The stock increased 2.33% or $0.05 during the last trading session, reaching $2.2. About 212,568 shares traded or 14.81% up from the average. JAKKS Pacific, Inc. (NASDAQ:JAKK) has declined 38.82% since March 18, 2017 and is downtrending. It has underperformed by 55.52% the S&P500.

Analysts await JAKKS Pacific, Inc. (NASDAQ:JAKK) to report earnings on April, 24. They expect $-0.58 earnings per share, up 42.57 % or $0.43 from last year’s $-1.01 per share. After $-0.61 actual earnings per share reported by JAKKS Pacific, Inc. for the previous quarter, Wall Street now forecasts -4.92 % 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 20 analyst reports since August 20, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Hilliard Lyons given on Friday, October 21. On Thursday, July 13 the stock rating was maintained by BMO Capital Markets with “Hold”. Piper Jaffray downgraded JAKKS Pacific, Inc. (NASDAQ:JAKK) on Monday, December 19 to “Neutral” rating. BMO Capital Markets maintained the shares of JAKK in report on Monday, November 27 with “Hold” rating. DA Davidson downgraded the stock to “Underperform” rating in Thursday, September 21 report. BMO Capital Markets maintained JAKKS Pacific, Inc. (NASDAQ:JAKK) rating on Friday, October 6. BMO Capital Markets has “Hold” rating and $3.5 target. The rating was upgraded by BMO Capital Markets to “Outperform” on Tuesday, October 27. On Monday, October 30 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Neutral” rating by DA Davidson given on Monday, October 30. The firm has “Hold” rating given on Tuesday, September 5 by BMO Capital Markets.

JAKKS Pacific, Inc. develops, produces, and markets consumer products worldwide. The company has market cap of $50.10 million. It operates through three divisions: U.S. and Canada, International, and Halloween. It currently has negative earnings. The firm offers action figures and accessories, including licensed characters; toy vehicles and accessories; electronics products, such as spy products and video games; dolls and accessories, including small dolls, large dolls, fashion dolls, and baby dolls based on licenses, as well as infant and pre-school toys; private label products; foot-to-floor ride-on toys, inflatable environments, tents, and wagons; and pet products, including toys, consumables, and accessories.

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