As of Friday close, Janus International Group Inc.’s (NYSE:JBI) stock was up $0.06, moving up 0.54 percent to $11.11. The average number of shares traded per day over the past five days has been 1,901,040 shares. 5 times new highs have been achieved over the past 5 days, with a $1.00 gain in that time frame. In the last twenty days, the average volume was 2,004,775, while in the previous 50 days, it was 1,834,788.
Since last month, JBI stock retreated -0.89%. Shares of the company fell to $10.00 on 09/15/23, the lowest level in the past month. A 52-week high of $12.45 was reached on 08/16/23 after having rallying from a 52-week low of $7.97. Since the beginning of this year, JBI’s stock price has risen by 16.70% or $1.59, and marked a new high 22 times. However, the stock has declined by -10.76% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
JBI stock investors should be aware that Janus International Group Inc. (JBI) stock had its last reported insider trading activity 8 days ago on Sep 15. CLEARLAKE CAPITAL GROUP, L.P., the Director of the company, disposed of 21,369,007 shares for $10.50 on Sep 15. It resulted in a $224,312,603 divestment by the insider. CLEARLAKE CAPITAL GROUP, L.P. sold 7,711,621 shares at an average price of $9.09 on Jun 20. The insider now owns 348,946 shares following the transaction. On Dec 14, Director CLEARLAKE CAPITAL GROUP, L.P. sold 1,900,000 shares at $9.31 apiece. The transaction was valued at $17,689,000.
Valuation Metrics
Right now, Janus International Group Inc. (JBI) has a P/E ratio of about 12.73. The stock’s beta is 0.84. Besides these, the trailing price-to-sales (P/S) ratio of 1.58, the price-to-book (PB) ratio of 3.68, and the price-to-cash flow ratio of 13.08 may also be considered.
Financial Health
In the three months ended June 29, Janus International Group Inc.’s quick ratio stood at 2.10, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.47, and the total debt-to-equity ratio was 1.49. On the profitability front, the trailing twelve-month gross margin is 39.50% percent. In the year ended June 29, EBITDA margin amounted to 22.75%, whereas operating margins totaled 21.40%. Based on annual data, JBI earned $364.93 million in gross profit and brought in $1.02 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 13.80%. Return on equity (ROE) for the past 12 months was 32.90%.
In Janus International Group Inc.’s quarter-end financial report for June 29, it reported total debt of $649.22 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. JBI’s revenue rose 8.63% to $250.93 million during the quarter, while net income inched up to $270.32 million. While analysts expected Janus International Group Inc. to report $0.2 quarterly earnings, the actual figure was $0.25 per share, beating the consensus estimate by 25.00%. During the quarter, the company generated $74.74 million in EBITDA. The liabilities of Janus International Group Inc. were 845.15 million at the end of its most recent quarter ended June 29, and its total debt was $701.81 million. The value of shareholders’ equity is $146.83 million.
Technical Picture
This quick technical analysis looks at Janus International Group Inc.’s (JBI) price momentum. With a historical volatility rate of 32.33%, the RSI 9-day stood at 62.02% on 22 September.
With respect to its five-day moving average, the current Janus International Group Inc. price is up by +9.89% percent or $1.00. At present, JBI shares trade -0.45% below its 20-day simple moving average and +18.32% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.21% above its SMA50 and +3.25% above its SMA200.
Stochastic coefficient K was 57.75% and Stochastic coefficient D was 39.05%, while ATR was 0.36. Given the Stochastic reading of 75.00% for the 14-day period, the RSI (14) reading has been calculated as 55.56%. As of today, the MACD Oscillator reading stands at 0.41, while the 14-day reading stands at 0.38.
Analyst Ratings
Wolfe Research launched its rating on Janus International Group Inc. (NYSE: JBI) to an Outperform in a note to investors on July 24, 2023. Janus International Group Inc. (JBI) has been rated Overweight by analysts. According to 0 brokerage firms, JBI is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Janus International Group Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $15.00, the current consensus forecast for the stock is $11.50 – $17.00. Based on these forecasts, analysts predict Janus International Group Inc. (JBI) will achieve an average price target of $15.00.
