Jabil Inc (NYSE: JBL)’s stock price has soared by 0.64 in relation to previous closing price of 131.88. Nevertheless, the company has seen a gain of 4.85% in its stock price over the last five trading days. Zacks Investment Research reported 2023-11-14 that The latest trading day saw Jabil (JBL) settling at $131.88, representing a +1.78% change from its previous close.
Is It Worth Investing in Jabil Inc (NYSE: JBL) Right Now?
The price-to-earnings ratio for Jabil Inc (NYSE: JBL) is 22.07x, which is above its average ratio. Moreover, the 36-month beta value for JBL is 1.39. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The average price recommended by analysts for Jabil Inc (JBL) is $143.44, which is $10.71 above the current market price. The public float for JBL is 122.75M and currently, short sellers hold a 3.41% of that float. On November 16, 2023, JBL’s average trading volume was 1.62M shares.
JBL’s Market Performance
The stock of Jabil Inc (JBL) has seen a 4.85% increase in the past week, with a -3.41% drop in the past month, and a 29.63% gain in the past quarter. The volatility ratio for the week is 2.32%, and the volatility levels for the past 30 days are at 2.53% for JBL. The simple moving average for the last 20 days is 5.24% for JBL’s stock, with a simple moving average of 32.47% for the last 200 days.
Analysts’ Opinion of JBL
Many brokerage firms have already submitted their reports for JBL stocks, with Barclays repeating the rating for JBL by listing it as a “Overweight.” The predicted price for JBL in the upcoming period, according to Barclays is $134 based on the research report published on September 07, 2023 of the current year 2023.
JBL Trading at 8.92% from the 50-Day Moving Average
After a stumble in the market that brought JBL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.12% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 2.32%, as shares sank -1.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.85% upper at present.
During the last 5 trading sessions, JBL rose by +4.85%, which changed the moving average for the period of 200-days by +68.80% in comparison to the 20-day moving average, which settled at $125.99. In addition, Jabil Inc saw 94.62% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at JBL starting from Wilson Kenneth S, who sale 20,000 shares at the price of $126.32 back on Nov 09. After this action, Wilson Kenneth S now owns 364,725 shares of Jabil Inc, valued at $2,526,486 using the latest closing price.
Smith Daryn G., the SVP, Controller of Jabil Inc, sale 16,700 shares at $122.54 during a trade that took place back on Oct 31, which means that Smith Daryn G. is holding 39,737 shares at $2,046,418 based on the most recent closing price.
Stock Fundamentals for JBL
Current profitability levels for the company are sitting at:
- +4.62 for the present operating margin
- +8.19 for the gross margin
The net margin for Jabil Inc stands at +2.36. The total capital return value is set at 25.92, while invested capital returns managed to touch 14.04. Equity return is now at value 30.77, with 4.18 for asset returns.
Based on Jabil Inc (JBL), the company’s capital structure generated 115.91 points at debt to equity in total, while total debt to capital is 53.68. Total debt to assets is 17.10, with long-term debt to equity ratio resting at 109.70. Finally, the long-term debt to capital ratio is 50.81.
When we switch over and look at the enterprise to sales, we see a ratio of 0.53, with the company’s debt to enterprise value settled at 0.19. The receivables turnover for the company is 7.03 and the total asset turnover is 1.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
To wrap up, the performance of Jabil Inc (JBL) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.