©Reuters.
In a recent transaction, SOL Global Investments Corp. sold a portion of its holdings in Jones Soda Co. (OTC:JSDA), a well-known beverage company. The total sale price was $16,175, with the stock price ranging from $0.23 to $0.231.
The trades occurred on two consecutive days, with an initial sale of 70,000 shares on March 21, 2024, and a smaller sale of 23 shares on March 22, 2024. Following these sales, SOL Global Investments Corp. still retains a significant stake. Jones Soda's share count indicates continued investment interest in the company.
SOL Global Investments Corp., a 10% owner of Jones Soda Co., conducted these sales through its wholly-owned subsidiary, SOL Verano Blocker 1 LLC. This detail is provided in a footnote to the application, emphasizing the indirect nature of the ownership.
Investors and market watchers often closely monitor these transactions as they can provide insight into the strategic moves of major shareholders like SOL Global Investments Corp. Selling is part of normal business in the stock market, where interested parties adjust their investment positions. Various reasons.
Jones Soda Company, headquartered in Seattle, Washington, is known for its unique and innovative flavored beverages and has a loyal consumer base. The company's stock is traded over the counter, and ownership trends will be of interest to those following the niche beverage market.
Reported transactions are disclosed in accordance with securities regulations, which require company insiders and significant shareholders to report such actions in a timely manner. These filings provide transparency and ensure that the investing public has access to important information.
Investment Pro Insights
As Jones Soda Co. (OTC:JSDA) navigates the market, recent data from InvestingPro provides a snapshot of the company's financial health and stock price performance. With an adjusted market capitalization of approximately US$22.89 million, the company remains modestly sized within the beverage industry. Jones Soda's unique market position continues to attract investor attention despite a challenging period with a negative trailing 12-month adjusted P/E of -4.63 as of Q4 2023. There is.
Analyzing the company's revenue sources, Jones Soda reported revenue of $16.67 million and gross profit of $4.86 million for the same period. This equates to a gross profit margin of 29.13%, indicating that the company is able to retain a significant portion of its sales as profit. However, the sales growth rate was sluggish at -12.66% YoY, and the operating profit margin was -29.26%, indicating that the company is facing challenges in converting sales into operating profits.
Investors tracking stock performance will note that the one-month total price return as of 2024.D85 is -19.64%. This could be a concern for short-term investors. However, the three-month total stock return shows an impressive 70.45% increase for him, reflecting a potential turnaround and investors' optimism about the company's future.
For those considering investing in Jones Soda, InvestingPro Tips suggests paying close attention to the company's next earnings date, May 2, 2024. This is because this could provide further insight into the company's performance and future prospects. Additionally, InvestingPro's fair value is estimated at US$0.23, and the current price of US$0.22 could represent an opportunity for investors looking to get involved with the stock.
For more in-depth analysis and additional InvestingPro tips, consider subscribing to InvestingPro.Use coupon code pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions. Now, InvestingPro has listed a few more tips that may help guide your investment decisions regarding Jones Soda Company.
This article was generated with the help of AI and reviewed by an editor. Please see our Terms of Use for more information.
