Callan JMB (NASDAQ:CJMB) Shares Climb 1.9% – Should You Buy?

Callan JMB Inc. (NASDAQ:CJMB) shares shot up 1.9% on Tuesday. The company traded as high as $0.50 and last traded at $0.4992. 937,420 shares were traded during mid-day trading, The stock had previously closed at $0.49.

Analysts Set New Price Targets

Several brokerages recently issued reports on CJMB. Wall Street Zen lowered shares of Callan JMB from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Callan JMB in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

Callan JMB Stock Down 8.7%

The stock has a 50 day moving average price of $2.01 and a 200 day moving average price of $1.57. The stock has a market capitalization of $2.47 million, a price-to-earnings ratio of -0.22 and a beta of -0.53.

Callan JMB (NASDAQ:CJMB) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The firm had revenue of $1.38 million during the quarter. Callan JMB had a negative net margin of 191.96% and a negative return on equity of 444.84%.

Hedge Funds Weigh In On Callan JMB

A hedge fund recently bought a new position in Callan JMB stock. Bard Associates Inc. acquired a new position in Callan JMB Inc. (NASDAQ:CJMB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 229,250 shares of the company’s stock, valued at approximately $184,000. Bard Associates Inc. owned about 4.05% of Callan JMB as of its most recent SEC filing.

About Callan JMB

Callan JMB Inc is a blank check company, also known as a special purpose acquisition company (SPAC). The company was formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more operating businesses.

Unlike an operating company, Callan JMB does not currently provide products or services to customers. Its activities are focused on identifying and evaluating potential acquisition targets and completing a business combination.