As of Thursday close, Jabil Inc.’s (NYSE:JBL) stock was down -$1.35, moving down -1.17 percent to $114.42. The average number of shares traded per day over the past five days has been 3,386,180 shares. 4 times new highs have been achieved over the past 5 days, with a $10.81 gain in that time frame. In the last twenty days, the average volume was 1,468,120, while in the previous 50 days, it was 1,211,036.
Since last month, JBL stock rose 5.75%. Shares of the company fell to $100.18 on 08/18/23, the lowest level in the past month. A 52-week high of $117.29 was reached on 08/30/23 after having rallying from a 52-week low of $55.26. Since the beginning of this year, JBL’s stock price has risen by 67.77% or $46.22, and marked a new high 45 times. However, the stock has declined by -2.45% since its 52-week high.
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JBL stock investors should be aware that Jabil Inc. (JBL) stock had its last reported insider trading activity 58 days ago on Jul 05. ANSARI ANOUSHEH, the Director of the company, disposed of 3,000 shares for $108.61 on Jul 05. It resulted in a $325,825 divestment by the insider. BORGES STEVEN D sold 8,483 shares at an average price of $83.40 on Mar 22. The insider now owns 159,129 shares following the transaction. On Mar 22, SVP, Chief Procurement Officer McKay Francis sold 1,197 shares at $82.91 apiece. The transaction was valued at $99,242.
Valuation Metrics
Right now, Jabil Inc. (JBL) has a P/E ratio of about 16.10. The stock’s beta is 1.46. Besides these, the trailing price-to-sales (P/S) ratio of 0.43, the price-to-book (PB) ratio of 5.53, and the price-to-cash flow ratio of 19.35 may also be considered.
The latest dividend of $0.08 per share was paid out, remained unchanged from last year’s $0.08.
Financial Health
In the three months ended May 30, Jabil Inc.’s quick ratio stood at 0.60, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending May 30 was 1.05, and the total debt-to-equity ratio was 1.16. On the profitability front, the trailing twelve-month gross margin is 8.00% percent. In the year ended May 30, EBITDA margin amounted to 7.02%, whereas operating margins totaled 4.30%. Based on annual data, JBL earned $2.63 billion in gross profit and brought in $33.48 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.40%. Return on equity (ROE) for the past 12 months was 37.70%.
In Jabil Inc.’s quarter-end financial report for May 30, it reported total debt of $2.87 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. JBL’s revenue rose 1.73% to $8.13 billion during the quarter, while net income inched up to $8.47 billion. While analysts expected Jabil Inc. to report $1.87 quarterly earnings, the actual figure was $1.99 per share, beating the consensus estimate by 6.40%. During the quarter, the company generated $613.0 million in EBITDA. The liabilities of Jabil Inc. were 16.7 billion at the end of its most recent quarter ended May 30, and its total debt was $3.77 billion. The value of shareholders’ equity is $130.88 million.
Technical Picture
This quick technical analysis looks at Jabil Inc.’s (JBL) price momentum. With a historical volatility rate of 43.28%, the RSI 9-day stood at 70.84% on 31 August.
With respect to its five-day moving average, the current Jabil Inc. price is up by +10.43% percent or $10.81. At present, JBL shares trade +5.12% above its 20-day simple moving average and +37.77% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.85% above its SMA50 and +73.05% above its SMA200.
Stochastic coefficient K was 91.40% and Stochastic coefficient D was 87.96%, while ATR was 2.90. Given the Stochastic reading of 83.23% for the 14-day period, the RSI (14) reading has been calculated as 66.19%. As of today, the MACD Oscillator reading stands at 6.79, while the 14-day reading stands at 8.28.
Analyst Ratings
Jabil Inc. (JBL) has been rated Overweight by analysts. According to 0 brokerage firms, JBL is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Jabil Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $120.00, the current consensus forecast for the stock is $110.00 – $126.00. Based on these forecasts, analysts predict Jabil Inc. (JBL) will achieve an average price target of $118.88.
