TrueBlue Inc (NYSE: TBI) is -50.78% lower on its value in year-to-date trading and has touched a low of $6.63 and a high of $16.14 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 TBI stock was last observed hovering at around $7.31 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $7.55, the stock is 2.66% and 0.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.19 million and changing 3.28% at the moment leaves the stock -22.15% off its SMA200. TBI registered -45.21% loss for a year compared to 6-month loss of -29.11%. The firm has a 50-day simple moving average (SMA 50) of $7.5004 and a 200-day simple moving average (SMA200) of $9.72265.
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The stock witnessed a 0.53% gain in the last 1 month and extending the period to 3 months gives it a -6.91%, and is 10.06% 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 3.45% over the week and 4.28% over the month.
TrueBlue Inc (TBI) has around 5000 employees, a market worth around $223.17M and $1.67B in sales. Profit margin for the company is -6.97%. Distance from 52-week low is 13.88% and -53.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-30.80%).
TrueBlue Inc quarterly earnings per share for the current quarter are estimated at -0.16 with sales reaching $385.04M over the same period.The EPS is expected to shrink by -314.29% this year, but quarterly earnings will post -17.82% year-over-year. Quarterly sales are estimated to shrink -21.77% in year-over-year returns.
169.0 institutions hold shares in TrueBlue Inc (TBI), with institutional investors hold 104.28% of the company’s shares. The shares outstanding are 31.25M, and float is at 28.28M with Short Float at 3.38%. Institutions hold 99.31% of the Float.
The top institutional shareholder in the company is PZENA INVESTMENT MANAGEMENT LLC with over 2.87 million shares valued at $29.57 million. The investor’s holdings represent 9.2299 of the TBI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.37 million shares valued at $24.41 million to account for 7.6212 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.08 million shares representing 6.6978 and valued at over $21.46 million, while DIMENSIONAL FUND ADVISORS LP holds 5.7964 of the shares totaling 1.8 million with a market value of $18.57 million.
