Jackpot Digital Inc saw significant price movements this week, particularly on Friday.
In the latest trading session, Jackpot Digital Inc (JJ.V) experienced a notable surge, closing up 16.67% on Friday. However, this uptick comes after a challenging week, with the stock down 22.22% overall. Investors are closely watching developments in the consumer discretionary sector, where Jackpot operates.
Investor takeaway: Despite the Friday rally, Jackpot Digital Inc's stock remains significantly lower year-to-date, with a 56.25% decline, reflecting the volatility and challenges within the company and its sector.
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Jackpot Digital Inc
JJ.V
JJ.V
Jackpot Digital Inc
WealthAwesomeMarket cap
$10.68M
52W high
$0.14
52W low
$0.03
1W change
-22.22%
Beta
0.35
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on JJ's historical volatility
30-Day Vol
192.7%
Annualized
90-Day Vol
146.3%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$0.03
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.03 | C$0.01 – C$0.05 |
| 60 trading days | C$0.03 | C$0.01 – C$0.07 |
| 90 trading days | C$0.03 | C$0.01 – C$0.08 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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C$0.03 Close with 16.67% Daily Gain
Despite Friday's positive movement, Jackpot Digital Inc's stock is trading at the lower end of its 52-week range, indicating persistent market concerns.
Bull case
The recent price increase might signal a chance for recovery or renewed interest from investors, especially if the company can take advantage of upcoming opportunities in the gaming and entertainment space.
Bear case
On the other hand, the substantial drop over the past week and the negative year-to-date performance suggest ongoing challenges, which could discourage potential investors from entering the stock.
Price Action Overview
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Jackpot Digital Inc closed at C$0.03 on Friday, marking a 16.67% increase in a single day. This uptick follows a rough week where the stock fell 22.22%. Year-to-date, the stock has seen a significant decline of 56.25%, raising concerns about its long-term viability.
Technical Picture
Currently, Jackpot Digital Inc is trading below both its 50-day moving average of C$0.05 and its 200-day moving average of C$0.07, indicating a bearish trend. The stock has a beta of 0.35, suggesting lower volatility compared to the overall market. The 52-week range for the stock is C$0.03 to C$0.14, with the current price at the lower end of this range. Volume for the latest session was 12,000 shares, significantly below the 20-day average volume of 162,036 shares, indicating lower trading activity.
Insider Activity
No recent insider activity has been reported for Jackpot Digital Inc, which may suggest that management is currently not making significant moves in the market.
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