Johnson Outdoors Inc (NASDAQ: JOUT) has a price-to-earnings ratio that is above its average at 80.68x. The stock has a 36-month beta value of 0.76. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for JOUT is 8.32M, and at present, short sellers hold a 4.58% of that float. On May 06, 2024, the average trading volume of JOUT was 46.10K shares.
JOUT) stock’s latest price update
Johnson Outdoors Inc (NASDAQ: JOUT)’s stock price has gone decline by -11.22 in comparison to its previous close of 42.61, however, the company has experienced a -9.39% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-05-03 that Johnson Outdoors Inc. (NASDAQ:JOUT ) Q2 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants Pat Penman – VP of Marketing Services & Global Communication Helen Johnson-Leipold – Chairman and CEO David Johnson – VP and CFO Conference Call Participants Anthony Lebiedzinski – Sidoti & Company Anna Glaessgen – B. Riley Doug Asiello – Crawford Operator Hello, and welcome to the Johnson Outdoors Second Quarter 2024 Earnings Conference Call.
JOUT’s Market Performance
Johnson Outdoors Inc (JOUT) has seen a -9.39% fall in stock performance for the week, with a -17.09% decline in the past month and a -14.82% plunge in the past quarter. The volatility ratio for the week is 4.39%, and the volatility levels for the past 30 days are at 2.86% for JOUT. The simple moving average for the past 20 days is -11.60% for JOUT’s stock, with a -24.34% simple moving average for the past 200 days.
Analysts’ Opinion of JOUT
Many brokerage firms have already submitted their reports for JOUT stocks, with Sidoti repeating the rating for JOUT by listing it as a “Buy.” The predicted price for JOUT in the upcoming period, according to Sidoti is $103 based on the research report published on September 08, 2020 of the previous year 2020.
Imperial Capital, on the other hand, stated in their research note that they expect to see JOUT reach a price target of $90, previously predicting the price at $80. The rating they have provided for JOUT stocks is “Outperform” according to the report published on December 11th, 2019.
Imperial Capital gave a rating of “Outperform” to JOUT, setting the target price at $80 in the report published on August 06th of the previous year.
JOUT Trading at -13.72% from the 50-Day Moving Average
After a stumble in the market that brought JOUT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.54% of loss for the given period.
Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 4.39%, as shares sank -16.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.16% lower at present.
During the last 5 trading sessions, JOUT fell by -9.39%, which changed the moving average for the period of 200-days by -35.49% in comparison to the 20-day moving average, which settled at $42.43. In addition, Johnson Outdoors Inc saw -29.18% 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 JOUT starting from Johnson David W, who sale 1,000 shares at the price of $54.85 back on Sep 13 ’23. After this action, Johnson David W now owns 26,857 shares of Johnson Outdoors Inc, valued at $54,850 using the latest closing price.
Johnson David W, the Vice President and CFO of Johnson Outdoors Inc, sale 1,000 shares at $60.04 during a trade that took place back on Jun 12 ’23, which means that Johnson David W is holding 27,857 shares at $60,040 based on the most recent closing price.
Stock Fundamentals for JOUT
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.37 for the gross margin
The net margin for Johnson Outdoors Inc stands at 0.01. The total capital return value is set at -0.01. Equity return is now at value 0.97, with 0.70 for asset returns.
Based on Johnson Outdoors Inc (JOUT), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -34.38.
Currently, EBITDA for the company is 11.74 million with net debt to EBITDA at -0.46. When we switch over and look at the enterprise to sales, we see a ratio of 0.63. The receivables turnover for the company is 4.62for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.40.
Conclusion
To sum up, Johnson Outdoors Inc (JOUT) has seen a bad 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.
