What Technical Indicators Show About JELD-WEN Holding Inc. (JELD)?


JELD-WEN Holding Inc. (NYSE:JELD) finished Wednesday with a subtraction of -$0.27 to close at $9.54, a downside of -2.75 percent. An average of 1,462,780 shares of common stock have been traded in the last five days. There was a fall of -$0.45 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,509,865 shares traded, while the 50-day average volume stands at 1,271,822.

JELD stock has decreased by -21.35% in the last month. The company shares reached their 1-month lowest point of $9.52 on 09/21/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $9.60 and a high of $28.30 in 52 weeks. It has reached a new high 3 times so far this year and lost -63.81% or -$16.82 in price. In spite of this, the price is down -66.28% from the 52-week high.

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Insider Transactions

174 days have passed since JELD-WEN Holding Inc. (JELD) last reported insider trading activity. Castillo Daniel J, who is EVP & President, North America, most recently acquired $20,000 shares at $20.19 per share on Apr 01. In this transaction, the insider spent $403,896. SVP & Chief Accounting Officer, VINING SCOTT, disposed of 48,499 shares at a price of $23.24 on Mar 10. The insider now owns more than $1,127,156 worth of shares. Prior to that, Vice Chairman Wendt Roderick went on to Sale 106,400 shares at $25.29 each on Dec 13. An amount of $2,690,856 was transacted.

Valuation Metrics

JELD-WEN Holding Inc. (JELD) has a trailing price-to-earnings (P/E) ratio of 6.87. The stock’s beta is 2.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.16, the price-to-book (PB) ratio at 1.13.

Financial Health

The quick ratio of JELD-WEN Holding Inc. for the three months ended March 30 was 1.30, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.54 and a total debt to equity ratio of 2.58 for the quarter ending March 30. Its gross profit as reported stood at $975.27 million compared to revenue of $4.77 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, JELD-WEN Holding Inc.’s return on assets was 3.40%.

Earnings Surprise

For the three-month period that ended March 30, JELD-WEN Holding Inc. had $1.87 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $45.83 million in the quarter, while revenues were grew 44.38%. The analyst consensus anticipated JELD-WEN Holding Inc.’s latest quarter earnings to come in at $0.33 per share, but it turned out to be $0.16, a -51.50% surprise. For the quarter, EBITDA amounted to $93.68 million. Shareholders own equity worth $84.26 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at JELD-WEN Holding Inc. (JELD) price momentum. RSI 9-day as of the close on 21 September was 26.40%, suggesting the stock is oversold, with historical volatility in this time frame at 52.21%.

As of today, JELD’s price is $9.90 -4.50% or -$0.45 from its 5-day moving average. JELD is currently trading -22.19% lower than its 20-day SMA and -54.38% lower than its 100-day SMA. However, the stock’s current price level is -40.45% below the SMA50 and -62.34% below the SMA200.

The stochastic %K and %D were 10.68% and 13.86%, respectively, and the average true range (ATR) was 0.56. With the 14-day stochastic at 1.25% and the average true range at 0.61, the RSI (14) stands at 29.15%. The stock has reached -0.41 on the 9-day MACD Oscillator while the 14-day reading was at -0.53.

Analyst Ratings

Deutsche Bank launched coverage on JELD-WEN Holding Inc. (NYSE: JELD) in its analyst report released on August 18, 2022. The firm assigned the stock a Hold rating. The consensus rating for JELD-WEN Holding Inc. (JELD) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell JELD, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is JELD’s price target for the next 12 months?

Analysts predict a range of price targets between $11.00 and $23.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for JELD-WEN Holding Inc. (JELD) stock is $16.37.


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