Why Jaguar Health (JAGX) Stock Is Down 15%

Jaguar Health Inc JAGX shares are trading lower by 10% to $1.08 during Tuesday’s session after the company reported worse-than-expected second-quarter results.

What Happened?

Jaguar Health posted a loss of $4.04 per share, which came in worse than the analyst consensus estimate of a loss of $1.11 per share. ]

The company reported quarterly sales of $2.72 million, falling short of the analyst consensus estimate of $3.94 million by 31%. However, this figure reflects a slight increase of 1.6% from the $2.68 million in sales reported in the same quarter of the previous year.

The company's Mytesi prescription volume rose by 5.2% from first-quarter 2024, though it saw a slight year-over-year decline. Financially, Jaguar reduced its net loss by $2.6 million to $9.5 million compared to second-quarter 2023.

Operating losses decreased by $0.9 million, and R&D expenses fell by $0.6 million due to the winding down of its OnTarget clinical trial. The company meanwhile plans a commercial launch of its FDA-approved Gelclair in October 2024 and continues to develop treatments for rare diseases.

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Should I Sell My JAGX Stock?

Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Jaguar Health stock currently has an RSI of 60.97, indicating neutral conditions.

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JAGX has a 52-week high of $35.34 and a 52-week low of $1.03.