In a recent transaction, SOL Global Investments Corp. has sold a portion of its holdings in Jones Soda Co. (OTC:JSDA), a well-known beverage company. The sale amounted to a total of $16,175, with share prices ranging between $0.23 and $0.231.
The transactions occurred over two consecutive days, with the first sale of 70,000 shares taking place on March 21, 2024, and a smaller transaction of 23 shares on March 22, 2024. Following these sales, SOL Global Investments Corp. still retains a significant number of shares in Jones Soda, indicating a continued investment interest in the company.
SOL Global Investments Corp., which is a ten percent owner of Jones Soda Co., conducted these sales through its wholly-owned subsidiary, SOL Verano Blocker 1 LLC. This detail was noted in the footnotes of the filing, emphasizing the indirect nature of the ownership.
Investors and market watchers often monitor such transactions closely, as they can provide insights into the strategic moves of significant shareholders like SOL Global Investments Corp. The sales are part of the normal course of business in the stock market, where stakeholders adjust their investment positions for various reasons.
Jones Soda Co., headquartered in Seattle, Washington, is known for its unique and innovative flavors of beverages and has a loyal consumer base. The company's stock is traded over-the-counter, and movements in share ownership can be of interest to those who follow the niche beverage market.
The reported transactions were disclosed in accordance with securities regulations, which require timely filing of such activities by company insiders and significant shareholders. These filings provide transparency and ensure that the investing public has access to material information.
InvestingPro Insights
As Jones Soda Co. (OTC:JSDA) navigates the market, recent data from InvestingPro offers a snapshot of the company's financial health and stock performance. With a Market Cap (Adjusted) of approximately $22.89M USD, the company's size remains modest within the beverage industry. Despite a challenging period reflected by a negative P/E Ratio (Adjusted) of -4.63 for the last twelve months as of Q4 2023, Jones Soda's unique market position continues to attract investor attention.
Analyzing the company's revenue streams, Jones Soda reported a Revenue of $16.67M USD for the same period, with a Gross Profit of $4.86M USD. This translates to a Gross Profit Margin of 29.13%, demonstrating the company's ability to retain a significant portion of its sales as profit. However, the Revenue Growth has seen a downturn of -12.66% year-over-year, and the Operating Income Margin stands at -29.26%, indicating the company is facing challenges in converting sales into operational profits.
Investors tracking the stock's performance will note the 1 Month Price Total Return as of Y2024.D85 is at -19.64%, which could be a point of concern for short-term investors. Yet, the 3 Month Price Total Return shows a remarkable surge of 70.45%, reflecting a potential turnaround or investor optimism about the company's future.
For those considering an investment in Jones Soda, the InvestingPro Tips suggest paying close attention to the company's next earnings date on May 2, 2024, as it could provide further insights into its operational performance and future outlook. Additionally, with the InvestingPro Fair Value estimated at $0.23 USD, the current price of $0.22 USD may present an opportunity for investors seeking to engage with the stock.
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