Jabil Inc. (NYSE:JBL) finished Friday with a subtraction of -$0.8 to close at $105.83, a downside of -0.75 percent. An average of 894,280 shares of common stock have been traded in the last five days. There was a fall of -$2.80 in the past week, and it reached a new high 55 times over the past 12 months. The last 20 days have seen an average of 1,063,700 shares traded, while the 50-day average volume stands at 1,096,232.
JBL stock has decreased by -6.23% in the last month. The company shares reached their 1-month lowest point of $105.56 on 08/11/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $55.26 and a high of $115.25 in 52 weeks. It has reached a new high 43 times so far this year and achieved 55.18% or $37.63 in price. In spite of this, the price is down -8.17% from the 52-week high.
Insider Transactions
JBL stock investors should be aware that Jabil Inc. (JBL) stock had its last reported insider trading activity 38 days ago on Jul 05. In this transaction, the insider spent $325,825. EVP, CEO, DMS, BORGES STEVEN D, disposed of 8,483 shares at a price of $83.40 on Mar 22. The insider now owns more than $707,482 worth of shares. Prior to that, SVP, Chief Procurement Officer McKay Francis went on to Sale 1,197 shares at $82.91 each on Mar 22. An amount of $99,242 was transacted.
Valuation Metrics
Jabil Inc. (JBL) has a trailing price-to-earnings (P/E) ratio of 14.89. The stock’s beta is 1.47. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.39, the price-to-book (PB) ratio at 5.12, and the price-to-cash flow ratio at 18.96.
Financial Health
The quick ratio of Jabil Inc. for the three months ended May 30 was 0.60, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.05 and a total debt to equity ratio of 1.16 for the quarter ending May 30. Jabil Inc.’s EBITDA margin for the year ending May 30 is 7.02%, while its operating margin for the same period stands at 4.30%. Its gross profit as reported stood at $2.63 billion compared to revenue of $33.48 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, Jabil Inc.’s return on assets was 4.90%.
Earnings Surprise
For the three-month period that ended May 30, Jabil Inc. had $2.87 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 $233.0 million in the quarter, while revenues were grew 6.44%. The analyst consensus anticipated Jabil Inc.’s latest quarter earnings to come in at $1.87 per share, but it turned out to be $1.99, a 6.40% surprise. For the quarter, EBITDA amounted to $613.0 million. Shareholders own equity worth $130.88 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Jabil Inc. (JBL) price momentum. RSI 9-day as of the close on 11 August was 29.86%, suggesting the stock is oversold, with historical volatility in this time frame at 8.57%.
As of today, JBL’s price is $107.36 -2.58% or -$2.80 from its 5-day moving average. JBL is currently trading -5.18% lower than its 20-day SMA and +30.49% higher than its 100-day SMA. However, the stock’s current price level is +18.22% above the SMA50 and +68.30% above the SMA200.
The stochastic %K and %D were 11.16% and 18.18%, respectively, and the average true range (ATR) was 2.17. With the 14-day stochastic at 3.36% and the average true range at 2.23, the RSI (14) stands at 40.96%. The stock has reached -1.38 on the 9-day MACD Oscillator while the 14-day reading was at -2.21.
Analyst Ratings
The consensus rating for Jabil Inc. (JBL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell JBL, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.
What is JBL’s price target for the next 12 months?
Analysts predict a range of price targets between $110.00 and $126.00, with a median target of $120.00. Taking a look at these predictions, the average price target given by analysts for Jabil Inc. (JBL) stock is $118.67.
