Jack In The Box, Inc. (NASDAQ: JACK)’s stock price has decreased by -2.59 compared to its previous closing price of 55.23. However, the company has seen a -1.56% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-09 that Evaluate the expected performance of Jack In The Box (JACK) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Is It Worth Investing in Jack In The Box, Inc. (NASDAQ: JACK) Right Now?
Jack In The Box, Inc. (NASDAQ: JACK) has a higher price-to-earnings ratio of 9.46x compared to its average ratio, The 36-month beta value for JACK is at 1.91. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 7 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for JACK is 19.09M, and currently, shorts hold a 5.05% of that float. The average trading volume for JACK on May 10, 2024 was 457.70K shares.
JACK’s Market Performance
The stock of Jack In The Box, Inc. (JACK) has seen a -1.56% decrease in the past week, with a -11.90% drop in the past month, and a -30.20% fall in the past quarter. The volatility ratio for the week is 2.88%, and the volatility levels for the past 30 days are at 3.10% for JACK. The simple moving average for the past 20 days is -6.97% for JACK’s stock, with a -26.43% simple moving average for the past 200 days.
Analysts’ Opinion of JACK
Many brokerage firms have already submitted their reports for JACK stocks, with Wedbush repeating the rating for JACK by listing it as a “Outperform.” The predicted price for JACK in the upcoming period, according to Wedbush is $88 based on the research report published on March 14, 2024 of the current year 2024.
Northcoast, on the other hand, stated in their research note that they expect to see JACK reach a price target of $95. The rating they have provided for JACK stocks is “Buy” according to the report published on January 29th, 2024.
Deutsche Bank gave a rating of “Hold” to JACK, setting the target price at $71 in the report published on October 19th of the previous year.
JACK Trading at -17.00% from the 50-Day Moving Average
After a stumble in the market that brought JACK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.96% of loss for the given period.
Volatility was left at 3.10%, however, over the last 30 days, the volatility rate increased by 2.88%, as shares sank -11.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.71% lower at present.
During the last 5 trading sessions, JACK fell by -1.56%, which changed the moving average for the period of 200-days by -43.58% in comparison to the 20-day moving average, which settled at $57.49. In addition, Jack In The Box, Inc. saw -34.09% 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 JACK starting from MURPHY MICHAEL W, who sale 1,332 shares at the price of $72.58 back on Mar 13 ’24. After this action, MURPHY MICHAEL W now owns 71,035 shares of Jack In The Box, Inc., valued at $96,677 using the latest closing price.
Ostrom Ryan Lee, the EVP, Chief Mktng&Digtl Officer of Jack In The Box, Inc., sale 328 shares at $76.06 during a trade that took place back on Feb 16 ’24, which means that Ostrom Ryan Lee is holding 17,946 shares at $24,948 based on the most recent closing price.
Stock Fundamentals for JACK
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.3 for the gross margin
The net margin for Jack In The Box, Inc. stands at 0.07. The total capital return value is set at 0.1.
Based on Jack In The Box, Inc. (JACK), the company’s capital structure generated 1.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at -4.5. The interest coverage ratio of the stock is 3.1.
Currently, EBITDA for the company is 334.07 million with net debt to EBITDA at 9.56. When we switch over and look at the enterprise to sales, we see a ratio of 2.53. The receivables turnover for the company is 26.13for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.44.
Conclusion
In conclusion, Jack In The Box, Inc. (JACK) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
