Long Position on JAKK @ $21.00 on 1/18/2023 (Momentum)
JAKKS Pacific, Inc. (JAKK) develops, produces, markets, sells, and distributes toys, consumables, and electronics and related products worldwide. 
It operates in two segments, Toys/Consumer Products and Costumes.
The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products, inflatable environments, tents, and wagons.
The company also provides role play, dress-up, pretend play, and novelty products for boys and girls based on brands and entertainment properties, as well as on its own proprietary brands; and indoor and outdoor kids' furniture, activity trays and tables, room décor, kiddie pools, and seasonal and outdoor products.
In addition, it offers Halloween and everyday costumes for various ages based on licensed and proprietary non-licensed brands, and related Halloween accessories; outdoor activity toys; and junior sports toys, including hyper-charged balls, sport sets, and toy hoops.
On October 27th, JAKK reported 3rd Quarter September 2022 earnings of $3.67 per share on revenue of $323.0 million. The consensus earnings estimate was $3.57 per share on revenue of $264.2 million. Revenue grew 36.3% on a year-over-year basis. The company reports on February 16th. Shares have formed a bullish "cup and hand;e" and higher share prices are expected.
Entry Point: $21.00
Trading Range: $7.50 to $27.87
Stop Loss: $20.00
Target Price: $23.20
Updates
2/9/2023 4:33:36 PM
JAKK closed at $20
Position closed on 2/9/2023 at price of $20.00 with a -4.76% loss in 22 days.