The stock of The St. Joe Company (NYSE:JOE) is now priced at $19.42 and the shares are -0.03 points down or -0.15% lower compared to its previous closing price of $19.45. The stock had 137251 contracts set over the past session. JOE shares’ daily volume is compared to its average trading volume at 209257 shares. However, it has a float of 57.23 million and although its performance was 1.62% over the week, it’s one to watch. JOE stock’s downside potential is -100% with the JOE share price recently placing at $19.25 to $19.78. However, some brokerage firms have priced the stock below the average, including one that has called $19.
In the last trading session, The St. Joe Company (NYSE:JOE) raised by $0.31 over the week and gained $0.31 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $23.38. The stock recorded its established 52-week high on 02/11/20.
Since 03/23/20, the stock has traded to a low of $15.32 at 26.73%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.97. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, The St. Joe Company’s two-week RSI is 51.83. This suggests that the stock is neutral at the moment and that JOE shares’ price movement remains stable. The stochastic readings are equally revealing at 31.28% meaning the JOE share price is currently in neutral territory.
The technical chart shows that the JOE stock will likely settle at between $19.72 and $20.01 per share. However, if the stock dips below $19.19, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $18.95.
Currently, the stock is trading in the red of MACD, with a reading of -0.03. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Raymond James cut their recommendation for JOE from Outperform to Mkt Perform in October 26 review. Raymond James analysts upgraded their recommendation of the stock from Mkt Perform to Outperform in a flash note released to investors on July 07. Keefe Bruyette seeing the stock struggling downgraded it from Outperform to Mkt Perform on September 22 placing it at $42.