Jack In The Box, Inc (NASDAQ:JACK) price on Friday, January 17, fall -2.18% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $38.66.
A look at the stock’s price movement, the close in the last trading session was $39.52, moving within a range at $38.26 and $40.3636. The beta value (5-Year monthly) was 1.946. Turning to its 52-week performance, $81.01 and $36.36 were the 52-week high and 52-week low respectively. Overall, JACK moved -10.53% over the past month.
Jack In The Box, Inc’s market cap currently stands at around $727.99 million, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 1.76, with its dividend yield at 4.55%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 472.63M for the company’s revenue for the quarter, with a low and high estimate of 466.3M and 487.5M respectively. The average forecast suggests down to a -3.05% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.54B, representing a -2.17% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that JACK is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
22 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 8 analyst(s) rate the stock as a Hold, 13 recommend JACK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
JACK’s current price about -3.02% and -12.86% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.40, while 7-day volatility ratio is 5.02% and 5.10% in the 30-day chart. Further, Jack In The Box, Inc (JACK) has a beta value of 1.96, and an average true range (ATR) of 2.00. Analysts have given the company’s stock an average 52-week price target of $60, forecast between a low of $40 and high of $70. Looking at the price targets, the low is -3.47% off current price level while to achieve the yearly target high, price needs to move -81.07%. Nonetheless, investors will most likely welcome a -55.2% jump to $60 which is the analysts’ median price.
If we refocus on Jack In The Box, Inc (NASDAQ:JACK), historical trading data shows that trading volumes averaged 0.61 over the past 10 days and 604.51K over the past 3 months. The company’s latest data on shares outstanding shows there are 18.83 million shares.
The 3.43% of Jack In The Box, Inc’s shares are in the hands of company insiders while institutional holders own 110.64% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.83 million on 2024-10-31, giving us a short ratio of 3.93. The data shows that as of 2024-10-31 short interest in Jack In The Box, Inc (JACK) stood at 1351.0 of shares outstanding, with shares short falling to 1.93 million registered in 2024-09-30. Current price change has pushed the stock -7.16% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the JACK stock continues to rise going into the next quarter.
