Jabil Inc (NYSE: JBL) has seen a rise in its stock price by 1.65 in relation to its previous close of 123.87. However, the company has experienced a 2.45% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-14 that Collaboration Showcased at the 2024 OCP Global Summit to Deliver AMD and Intel-Based Server Platforms for Enhanced Cloud Security SAN JOSE, Calif. and ST. PETERSBURG, Fla.
Is It Worth Investing in Jabil Inc (NYSE: JBL) Right Now?
Jabil Inc (NYSE: JBL) has a higher price-to-earnings ratio of 11.43x compared to its average ratio, The 36-month beta value for JBL is at 1.25. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for JBL is 109.07M, and currently, shorts hold a 3.18% of that float. The average trading volume for JBL on October 18, 2024 was 1.50M shares.
JBL’s Market Performance
JBL’s stock has seen a 2.45% increase for the week, with a 16.75% rise in the past month and a 13.91% gain in the past quarter. The volatility ratio for the week is 1.90%, and the volatility levels for the past 30 days are at 2.33% for Jabil Inc The simple moving average for the last 20 days is 4.13% for JBL stock, with a simple moving average of 3.87% 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 12.76% 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 -19.77% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares surge +13.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.92% upper at present.
During the last 5 trading sessions, JBL rose by +2.45%, which changed the moving average for the period of 200-days by -1.73% in comparison to the 20-day moving average, which settled at $120.92. In addition, Jabil Inc saw -1.16% 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 McCoy Frederic E., who sale 4,000 shares at the price of $118.70 back on Oct 01 ’24. After this action, McCoy Frederic E. now owns 108,753 shares of Jabil Inc, valued at $474,808 using the latest closing price.
Frederic McCoy, the Officer of Jabil Inc, proposed sale 4,000 shares at $118.70 during a trade that took place back on Oct 01 ’24, which means that Frederic McCoy is holding shares at $474,808 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 0.23. Equity return is now at value 60.31, with 7.55 for asset returns.
Based on Jabil Inc (JBL), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 3.37. The interest coverage ratio of the stock is 9.52.
Currently, EBITDA for the company is 2.13 billion with net debt to EBITDA at 0.3. When we switch over and look at the enterprise to sales, we see a ratio of 0.52. The receivables turnover for the company is 6.27for trailing twelve months and the total asset turnover is 1.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
In conclusion, Jabil Inc (JBL) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
