The price-to-earnings ratio for Jabil Inc (NYSE: JBL) is 9.81x, which is above its average ratio. Moreover, the 36-month beta value for JBL is 1.42. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for JBL is 116.38M and currently, short sellers hold a 4.03% of that float. On May 02, 2024, JBL’s average trading volume was 1.36M shares.
JBL) stock’s latest price update
The stock price of Jabil Inc (NYSE: JBL) has plunged by -2.54 when compared to previous closing price of 117.36, but the company has seen a -4.87% decline in its stock price over the last five trading sessions. Market Watch reported 2024-04-18 that Jabil Inc. shares declined in Thursday’s extended trading after the company said its chief executive was going on paid leave pending an investigation related to company policies.
JBL’s Market Performance
Jabil Inc (JBL) has experienced a -4.87% fall in stock performance for the past week, with a -14.76% drop in the past month, and a -8.71% drop in the past quarter. The volatility ratio for the week is 2.75%, and the volatility levels for the past 30 days are at 3.08% for JBL. The simple moving average for the past 20 days is -11.16% for JBL’s stock, with a -8.33% simple moving average for the past 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 -15.43% 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 -27.12% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 2.75%, as shares sank -17.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.71% lower at present.
During the last 5 trading sessions, JBL fell by -4.87%, which changed the moving average for the period of 200-days by +1.43% in comparison to the 20-day moving average, which settled at $127.56. In addition, Jabil Inc saw -10.22% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at JBL starting from Wilson Kenneth S, who sale 15,000 shares at the price of $134.20 back on Apr 15 ’24. After this action, Wilson Kenneth S now owns 339,725 shares of Jabil Inc, valued at $2,012,938 using the latest closing price.
Schick Gary K., the SVP, CHRO of Jabil Inc, sale 798 shares at $136.55 during a trade that took place back on Apr 09 ’24, which means that Schick Gary K. is holding 20,630 shares at $108,967 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 9.37.
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 0.45. 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 wrap up, the performance of Jabil Inc (JBL) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
