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The latest update is out from Jones Soda ( (JSDA) ).
Jones Soda Co. has announced its strategic decision to divest its marijuana-derived THC product lines to focus on its rapidly growing hemp-derived THC (HD9) segment. This move is aimed at sharpening the company’s strategic priorities and accelerating investments in its core soda, functional beverage, and adult beverage categories. The company has seen four consecutive quarters of sales revenue growth in its HD9 product line, which includes Mary Jones sodas, shooters, and gummies, and plans to expand its distribution further.
Spark’s Take on JSDA Stock
According to Spark, TipRanks’ AI Analyst, JSDA is a Underperform.
Jones Soda’s stock score is primarily driven by poor financial performance and weak technical indicators. The valuation is also unattractive due to negative earnings and lack of dividends. Without positive earnings call data or notable corporate events, the stock faces significant challenges.
To see Spark’s full report on JSDA stock, click here.
More about Jones Soda
Jones Soda Co., headquartered in Seattle, Washington, is a craft beverage company known for its premium sodas and unique consumer engagement. The company markets and distributes products under the Jones Soda and Jones Zero Sugar brands, as well as adult beverages under the Spiked Jones brand. Jones Soda is focused on expanding its presence in North America through innovation and brand engagement.
Average Trading Volume: 149,375
Technical Sentiment Signal: Sell
Current Market Cap: $18.62M
Learn more about JSDA stock on TipRanks’ Stock Analysis page.