Jabil Inc (JBL) Shares Soar Above 1-Year High

The stock of Jabil Inc (NYSE: JBL) has increased by 2.98 when compared to last closing price of 134.19. Despite this, the company has experienced a 3.43% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that Recently, Zacks.com users have been paying close attention to Jabil (JBL). This makes it worthwhile to examine what the stock has in store.

Is It Worth Investing in Jabil Inc (NYSE: JBL) Right Now?

Jabil Inc (NYSE: JBL) has a price-to-earnings ratio that is above its average at 11.85x. The stock has a 36-month beta value of 1.39. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 1 as “sell.”

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The public float for JBL is 123.17M, and at present, short sellers hold a 4.56% of that float. On April 04, 2024, the average trading volume of JBL was 1.38M shares.

JBL’s Market Performance

The stock of Jabil Inc (JBL) has seen a 3.43% increase in the past week, with a -7.02% drop in the past month, and a 7.84% gain in the past quarter. The volatility ratio for the week is 2.67%, and the volatility levels for the past 30 days are at 3.13% for JBL. The simple moving average for the last 20 days is -0.18% for JBL stock, with a simple moving average of 12.69% for the last 200 days.

Analysts’ Opinion of JBL

Barclays, on the other hand, stated in their research note that they expect to see JBL reach a price target of $151, previously predicting the price at $153. The rating they have provided for JBL stocks is “Overweight” according to the report published on January 17th, 2024.

Barclays gave a rating of “Overweight” to JBL, setting the target price at $134 in the report published on September 07th of the previous year.

JBL Trading at 1.40% 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 -11.95% of loss for the given period.

Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 2.67%, as shares sank -8.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.20% upper at present.

During the last 5 trading sessions, JBL rose by +3.43%, which changed the moving average for the period of 200-days by +32.06% in comparison to the 20-day moving average, which settled at $137.79. In addition, Jabil Inc saw 8.47% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at JBL starting from MONDELLO MARK T, who sale 50,000 shares at the price of $126.09 back on Mar 19 ’24. After this action, MONDELLO MARK T now owns 1,809,194 shares of Jabil Inc, valued at $6,304,540 using the latest closing price.

STOUT DAVID M, the Director of Jabil Inc, sale 31,300 shares at $123.12 during a trade that took place back on Jan 29 ’24, which means that STOUT DAVID M is holding 67,300 shares at $3,853,630 based on the most recent closing price.

Stock Fundamentals for JBL

Current profitability levels for the company are sitting at:

  • 0.04 for the present operating margin
  • 0.09 for the gross margin

The net margin for Jabil Inc stands at 0.05. The total capital return value is set at 0.22. Equity return is now at value 56.61, with 8.23 for asset returns.

Based on Jabil Inc (JBL), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 1.12. The interest coverage ratio of the stock is 8.13.

Currently, EBITDA for the company is 2.58 billion with net debt to EBITDA at 0.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.57. The receivables turnover for the company is 8.59for trailing twelve months and the total asset turnover is 1.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.

Conclusion

To sum up, Jabil Inc (JBL) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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