Jabil Inc (NYSE: JBL)’s stock price has decreased by -1.00 compared to its previous closing price of 113.30. However, the company has seen a -5.00% decrease in its stock price over the last five trading sessions. fool.com reported 2024-06-28 that Weakness in some of Jabil’s end markets such as automotive and medical has weighed on the stock this year. The company could get a boost thanks to the growing adoption of AI in data centers and smartphones.
Is It Worth Investing in Jabil Inc (NYSE: JBL) Right Now?
Jabil Inc (NYSE: JBL) has a price-to-earnings ratio of 10.21x that is above its average ratio. Additionally, the 36-month beta value for JBL is 1.27. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
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The public float for JBL is 109.19M and currently, short sellers hold a 5.06% ratio of that float. The average trading volume of JBL on July 24, 2024 was 1.60M shares.
JBL’s Market Performance
JBL stock saw a decrease of -5.00% in the past week, with a monthly decline of -0.90% and a quarterly a decrease of -5.84%. The volatility ratio for the week is 2.75%, and the volatility levels for the last 30 days are 2.40% for Jabil Inc (JBL). The simple moving average for the last 20 days is 0.18% for JBL stock, with a simple moving average of -11.24% 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 -2.86% 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 -28.53% of loss for the given period.
Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 2.75%, as shares sank -0.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.88% lower at present.
During the last 5 trading sessions, JBL fell by -5.00%, which changed the moving average for the period of 200-days by -13.87% in comparison to the 20-day moving average, which settled at $111.93. In addition, Jabil Inc saw -11.95% 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 Yap May Yee, who sale 4,274 shares at the price of $117.04 back on Jul 16 ’24. After this action, Yap May Yee now owns 24,829 shares of Jabil Inc, valued at $500,246 using the latest closing price.
McCoy Frederic E., the EVP, Operations of Jabil Inc, sale 1,250 shares at $116.42 during a trade that took place back on Jul 15 ’24, which means that McCoy Frederic E. is holding 112,753 shares at $145,524 based on the most recent closing price.
Stock Fundamentals for JBL
Current profitability levels for the company are sitting at:
- 0.05 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 0.23. Equity return is now at value 56.07, with 7.62 for asset returns.
Based on Jabil Inc (JBL), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.63. The debt to equity ratio resting at 1.31. The interest coverage ratio of the stock is 11.3.
Currently, EBITDA for the company is 2.58 billion with net debt to EBITDA at 0.33. 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 6.75for trailing twelve months and the total asset turnover is 1.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
In conclusion, Jabil Inc (JBL) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
