St. Joe (JOE) Strong On High Relative Volume Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified St. Joe ( JOE) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified St. Joe as such a stock due to the following factors:

  • JOE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.1 million.
  • JOE has traded 192,547 shares today.
  • JOE is trading at 3.95 times the normal volume for the stock at this time of day.
  • JOE is trading at a new high 5.03% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on JOE:

The St. Joe Company, together with its subsidiaries, operates as a real estate development company in Florida. The company operates in four segments: Residential Real Estate; Commercial Real Estate; Resorts, Leisure and Leasing Operations; and Forestry. JOE has a PE ratio of 1516. Currently there are no analysts that rate St. Joe a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for St. Joe has been 556,200 shares per day over the past 30 days. St. Joe has a market cap of $1.4 billion and is part of the financial sector and real estate industry. The stock has a beta of 1.13 and a short float of 25.1% with 12.16 days to cover. Shares are down 16.7% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates St. Joe as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

Highlights from the ratings report include:
  • JOE's debt-to-equity ratio is very low at 0.25 and is currently below that of the industry average, implying that there has been very successful management of debt levels.
  • JOE, with its very weak revenue results, has greatly underperformed against the industry average of 17.9%. Since the same quarter one year prior, revenues plummeted by 97.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • ST JOE CO has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, ST JOE CO increased its bottom line by earning $4.41 versus $0.05 in the prior year. For the next year, the market is expecting a contraction of 100.2% in earnings (-$0.01 versus $4.41).
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Real Estate Management & Development industry and the overall market, ST JOE CO's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to $1.07 million or 99.69% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

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St. Joe (JOE) Flagged As Strong On High Volume

St. Joe (JOE) Flagged As Strong On High Volume

St. Joe (JOE) Strong On High Relative Volume Today

St. Joe (JOE) Strong On High Relative Volume Today