TrueBlue Inc (NYSE: TBI) has experienced a decline in its stock price by -4.61 compared to its previous closing price of 7.38. However, the company has seen a fall of -5.25% in its stock price over the last five trading days. prnewswire.com reported 2024-09-30 that TACOMA, Wash., Sept. 30, 2024 /PRNewswire/ — TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, and Centerline Drivers, a TrueBlue company and one of the nation’s most experienced, reliable, and respected partners in the transportation business, celebrated its fourth annual “Respect the Drive Month” to recognize the important contributions of truck drivers nationwide.
Is It Worth Investing in TrueBlue Inc (NYSE: TBI) Right Now?
The stock has a 36-month beta value of 1.49. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for TBI is 28.54M, and at present, short sellers hold a 3.91% of that float. On October 11, 2024, the average trading volume of TBI was 247.08K shares.
TBI’s Market Performance
The stock of TrueBlue Inc (TBI) has seen a -5.25% decrease in the past week, with a -6.13% drop in the past month, and a -29.88% fall in the past quarter. The volatility ratio for the week is 3.30%, and the volatility levels for the past 30 days are at 3.65% for TBI. The simple moving average for the past 20 days is -8.02% for TBI’s stock, with a -35.06% simple moving average for the past 200 days.
Analysts’ Opinion of TBI
Many brokerage firms have already submitted their reports for TBI stocks, with BMO Capital Markets repeating the rating for TBI by listing it as a “Outperform.” The predicted price for TBI in the upcoming period, according to BMO Capital Markets is $20 based on the research report published on May 22, 2023 of the previous year 2023.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see TBI reach a price target of $20, previously predicting the price at $36. The rating they have provided for TBI stocks is “Market Perform” according to the report published on May 26th, 2022.
Sidoti gave a rating of “Buy” to TBI, setting the target price at $38 in the report published on April 11th of the previous year.
TBI Trading at -11.21% from the 50-Day Moving Average
After a stumble in the market that brought TBI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.38% of loss for the given period.
Volatility was left at 3.65%, however, over the last 30 days, the volatility rate increased by 3.30%, as shares sank -6.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.09% lower at present.
During the last 5 trading sessions, TBI fell by -5.25%, which changed the moving average for the period of 200-days by -54.87% in comparison to the 20-day moving average, which settled at $7.65. In addition, TrueBlue Inc saw -54.11% 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 TBI starting from Jones Kim Harris, who purchase 2,000 shares at the price of $12.62 back on Nov 06 ’23. After this action, Jones Kim Harris now owns 41,798 shares of TrueBlue Inc, valued at $25,240 using the latest closing price.
Lontoh Sonita, the Director of TrueBlue Inc, purchase 8,000 shares at $12.67 during a trade that took place back on Nov 06 ’23, which means that Lontoh Sonita is holding 20,674 shares at $101,360 based on the most recent closing price.
Stock Fundamentals for TBI
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.25 for the gross margin
The net margin for TrueBlue Inc stands at -0.06. The total capital return value is set at -0.04. Equity return is now at value -27.52, with -13.22 for asset returns.
Based on TrueBlue Inc (TBI), the company’s capital structure generated 0.15 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 0.18. The interest coverage ratio of the stock is -4.66.
Currently, EBITDA for the company is 20.94 million with net debt to EBITDA at 6.2. When we switch over and look at the enterprise to sales, we see a ratio of 0.14. The receivables turnover for the company is 7.3for trailing twelve months and the total asset turnover is 2.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.90.
Conclusion
To sum up, TrueBlue Inc (TBI) 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.
