JBL Stock Summary and Trading Ideas (Jabil | NYSE:JBL)

Jabil Inc is a United States-based company engaged in providing manufacturing services and solutions. It provides comprehensive electronics design, production and product management services to companies in various industries and end markets.The Company derives its revenue from providing comprehensive electronics design, production and product management services. It operates in two segments. The Electronics Manufacturing Services (EMS) segment, which is the key revenue driver, is focused on leveraging IT, supply chain design and engineering, technologies largely centered on core electronics. The Diversified Manufacturing Services (DMS) segment is focused on providing engineering solutions, with an emphasis on material sciences, technologies, and healthcare.

Jabil trades on the NYSE stock market under the symbol JBL.

As of November 15, 2024, JBL stock price declined to $128.26 with 1,025,744 million shares trading.

JBL has a beta of 1.73, meaning it tends to be more sensitive to market movements. JBL has a correlation of 0.27 to the broad based SPY ETF.

JBL has a market cap of $14.47 billion. This is considered a Large Cap stock.

Last quarter Jabil reported $7 billion in Revenue and $2.30 earnings per share. This beat revenue expectation by $374 million and exceeded earnings estimates by $.08.

In the last 3 years, JBL traded as high as $156.94 and as low as $48.80.

The top ETF exchange traded funds that JBL belongs to (by Net Assets): VTI, VOO, VB, COWZ, VBR.

JBL has underperformed the market in the last year with a price return of -3.1% while the SPY ETF gained +31.8%. However, in the short term, JBL had mixed performance relative to the market. It has outperformed in the last 3 months, returning +19.9% vs +6.2% return in SPY. But in the last 2 weeks, JBL shares have been beat by the market, returning +0.5% compared to an SPY return of +2.6%.

JBL support price is $126.73 and resistance is $131.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JBL shares will trade within this expected range on the day.