Stock on Demand This Week: Janus International Group Inc. (JBI)

Janus International Group Inc. (NYSE:JBI) saw a downside of -3.50% to close Monday at $11.29 after subtracting -$0.41 on the day. The 5-day average trading volume is 2,197,620 shares of the company’s common stock. It has gained $12.45 in the past week and touched a new high 2 times within the past 5 days. An average of 1,396,800 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,046,372.

JBI’s 1-month performance is 3.39% or $0.37 on its low of $10.63 reached on 08/08/23. The company’s shares have touched a 52-week low of $7.97 and high of $12.45, with the stock’s rally to the 52-week high happening on 08/16/23. YTD, JBI has achieved 18.59% or $1.77 and has reached a new high 22 times. However, the current price is down -9.32% from the 52-week high price.

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Insider Transactions

JBI stock investors last saw insider trading activity on Jun 20.CLEARLAKE CAPITAL GROUP, L.P. (Director) most recently sold 7,711,621 shares at $9.09 per share on Jun 20. This transaction cost the insider $70,136,422. Director, CLEARLAKE CAPITAL GROUP, L.P., sold 1,900,000 shares at a price of $9.31 on Dec 14.

Valuation Metrics

JBI stock has a beta of 0.82. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.58 while the price-to-book (PB) in the most recent quarter is 3.74, with the price to cash flow ratio at 13.06.

Janus International Group Inc.’s quick ratio for the period ended June 29 was 2.10, with the current ratio over the same period at 2.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.47, while the total debt to equity was 1.49. In terms of profitability, the gross margin trailing 12 months is 39.50%. The trailing 12-month EBITDA margin is 22.75% while for the period ending June 29, Janus International Group Inc.’s operating margin was 21.40%. The firm’s gross profit as reported stood at $364.93 million against revenue of $1.02 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 38.25% to $36.99 million, while revenue of $25.98 million was 29.76% off the previous quarter. Analysts expected JBI to announce $0.2 per share in earnings in its latest quarter, but it posted $0.25, representing a 25.00% surprise. EBITDA for the quarter stood at more than $74.74 million. JBI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 845.15 million, with total debt at $701.81 million. Shareholders hold equity totaling $146.83 million.

Let’s look briefly at Janus International Group Inc. (JBI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 43.77% to suggest the stock is trending Neutral, with historical volatility in this time period at 50.58%.

The stock’s 5-day moving average is $11.89, reflecting a -8.29% or -$1.02 change from its current price. JBI is currently trading -1.40% above its 20-day SMA, +16.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.48% and SMA200 by+17.24%.

Stochastic %K and %D was 54.40% and 69.60% and the average true range (ATR) pointed at 0.40. The RSI (14) points at 49.51%, while the 14-day stochastic is at 36.26% with the period’s ATR at 0.38. The stock’s 9-day MACD Oscillator is pointing at -0.17 and 0.11 on the 14-day charts.