Jabil Inc (NYSE: JBL) is -15.35% lower on its value in year-to-date trading and has touched a low of $95.85 and a high of $156.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The JBL stock was last observed hovering at around $106.83 in the last trading session, with the day’s gains setting it 1.02%.
Currently trading at $107.85, the stock is 2.11% and 0.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing 0.95% at the moment leaves the stock -11.37% off its SMA200. JBL registered 0.95% gain for a year compared to 6-month loss of -14.23%.
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The stock witnessed a 0.36% gain in the last 1 month and extending the period to 3 months gives it a -14.56%, and is 4.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.26% over the week and 2.31% over the month.
Jabil Inc (JBL) has around 236000 employees, a market worth around $12.23B and $30.38B in sales. Current P/E ratio is 9.81 and Fwd P/E is 12.16. Profit margin for the company is 4.63%. Distance from 52-week low is 12.53% and -31.28% from its 52-week high. The company has generated returns on investments over the last 12 months (25.83%).
The EPS is expected to shrink by -2.62% this year
980.0 institutions hold shares in Jabil Inc (JBL), with institutional investors hold 101.12% of the company’s shares. The shares outstanding are 131.29M, and float is at 109.06M with Short Float at 4.04%. Institutions hold 98.11% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.39 million shares valued at $1.57 billion. The investor’s holdings represent 12.0043 of the JBL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.35 million shares valued at $1.02 billion to account for 7.8016 of the shares outstanding. The other top investors are TEXAS YALE CAPITAL CORP. which holds 6.4 million shares representing 5.3339 and valued at over $695.75 million, while STATE STREET CORP holds 4.6303 of the shares totaling 5.55 million with a market value of $603.97 million.
Jabil Inc (JBL) Insider Activity
The most recent transaction is an insider sale by Yap May Yee, the company’s SVP, Chief Information Officer. SEC filings show that Yap May Yee sold 4,274 shares of the company’s common stock on Jul 16 ’24 at a price of $117.04 per share for a total of $0.5 million. Following the sale, the insider now owns 24829.0 shares.
Jabil Inc disclosed in a document filed with the SEC on Jul 15 ’24 that McCoy Frederic E. (EVP, Operations) sold a total of 1,250 shares of the company’s common stock. The trade occurred on Jul 15 ’24 and was made at $116.42 per share for $0.15 million. Following the transaction, the insider now directly holds 0.11 million shares of the JBL stock.
Still, SEC filings show that on Apr 15 ’24, Wilson Kenneth S (Chief Executive Officer) disposed off 15,000 shares at an average price of $134.20 for $2.01 million. The insider now directly holds 339,725 shares of Jabil Inc (JBL).
