zjyl stock forcast
7/5/2024 12:14am
**Jin Medical International Ltd. (ZJYL) shows bearish signals with a potential for further decline**. Here's the analysis:
1. **Recent Performance**: The stock has fallen in 5 of the last 10 days, down by -11.69% for this period, and has experienced a significant drop of -25% over the last 10 days. This indicates a strong bearish momentum.
2. **Technical Indicators**: The absence of technical indicators for ZJYL limits the ability to analyze trends accurately. However, the stock is currently trading below its 50-day moving average, which is a bearish signal.
3. **Fundamental Analysis**: The company's P/E ratio is at 153.65, P/S ratio at 22.31, and P/B ratio at 18.44, which are significantly high, suggesting that the stock may be overvalued.
4. **Market Sentiment**: The consensus rating for ZJYL is not available, but the average price target is not provided, which could imply a lack of confidence from analysts. The net fund flow is positive at $21,367.17, but this may not be indicative of future performance.
5. **Future Forecast**: The stock forecast for tomorrow is $2.91, which would represent a 3.04% gain compared to the current price. However, the 3-month prediction suggests a potential fall of -38.72%. The long-term predictions show a more optimistic outlook, with predicted values significantly higher than the current price.
6. **Market Conditions**: The stock has been traded between $0.40 and $25.49 in the past 12 months, indicating a wide range of volatility. The stock's market cap is $402.31 million, with 37.82 million shares outstanding.
In conclusion, while there are some positive long-term forecasts for ZJYL, the current technical and fundamental indicators suggest a bearish outlook. Investors should exercise caution and consider these factors along with any future earnings reports and market conditions before making investment decisions.