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 April 26, 2024, JBL stock price climbed to $119.50 with 171,351 million shares trading.

JBL has a beta of 1.57, meaning it tends to be more sensitive to market movements. JBL has a correlation of 0.18 to the broad based SPY ETF.

JBL has a market cap of $15.24 billion. This is considered a Large Cap stock.

Last quarter Jabil reported $7 billion in Revenue and $1.68 earnings per share. This fell short of revenue expectation by $-123 million and exceeded earnings estimates by $.02.

In the last 3 years, JBL stock 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, VBR, SPY.

JBL has outperformed the market in the last year with a return of +58.2%, while the SPY ETF gained +26.7%. However, in the most recent history, JBL shares have underperformed the stock market with its stock returning -3.7% in the last 3 month period and -13.4% for the last 2 week period, while SPY has returned +4.4% and -1.9%, respectively.

JBL support price is $115.82 and resistance is $121.14 (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 stock will trade within this expected range on the day.