Jabil Inc (NYSE:JBL) shares, rose in value on Friday, December 13, with the stock price up by 1.11% to the previous day’s close as strong demand from buyers drove the stock to $135.13.
Actively observing the price movement in the last trading, the stock closed the session at $133.64, falling within a range of $133.395 and $135.42. The value of beta (5-year monthly) was 1.245 whereas the PE ratio was 12.27 over 12-month period. Referring to stock’s 52-week performance, its high was $156.94, and the low was $95.85. On the whole, JBL has fluctuated by 2.58% over the past month.
With the market capitalization of Jabil Inc currently standing at about $15.25 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 0.24%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 27.04B, with a low estimate of 6.59B and a high estimate of 6.64B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.61B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that JBL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.13, with the price of JBL currently trading nearly 1.68% and 4.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.54, while the 7-day volatility ratio is showing 1.58% which for the 30-day chart, stands at 1.73%. Furthermore, Jabil Inc (JBL)’s beta value is 1.25, and its average true range (ATR) is 2.43.
A comparison of Jabil Inc (JBL) with its peers suggests the former has fared considerably weaker in the market. JBL showed an intraday change of 1.11% in last session, and over the past year, it grew by 12.05%%.
Data on historical trading for Jabil Inc (NYSE:JBL) indicates that the trading volumes over the past 10 days have averaged 0.83 and over the past 3 months, they’ve averaged 1.33 million. According to company’s latest data on outstanding shares, there are 113.74 million shares outstanding.
Nearly 4.23% of Jabil Inc’s shares belong to company insiders and institutional investors own 94.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.76 million shares as on 2024-11-29, resulting in a short ratio of 2.29. According to the data, the short interest in Jabil Inc (JBL) stood at 339.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 3.09 million. The stock has risen by 6.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the JBL stock heading into the next quarter.
