Jack In The Box, Inc (NASDAQ:JACK) price on Friday, May 23, rose 0.25% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $20.29.
A look at the stock’s price movement, the close in the last trading session was $20.24. Turning to its 52-week performance, $60.73 and $19.40 were the 52-week high and 52-week low respectively. Overall, JACK moved -15.33% over the past month.
Jack In The Box, Inc’s market cap currently stands at around $383.06 million, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 1.76, with its dividend yield at 8.67%. 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 343.71M for the company’s revenue for the quarter, with a low and high estimate of 335M and 364.4M respectively. The average forecast suggests down to a -6.90% 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 1.49B, representing a -5.41% 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 -18.54% and -22.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.31, while 7-day volatility ratio is 5.24% and 4.52% in the 30-day chart. Further, Jack In The Box, Inc (JACK) has a beta value of 1.27, and an average true range (ATR) of 1.50. Analysts have given the company’s stock an average 52-week price target of $29.5, forecast between a low of $24 and high of $61. Looking at the price targets, the low is -18.28% off current price level while to achieve the yearly target high, price needs to move -200.64%. Nonetheless, investors will most likely welcome a -45.39% jump to $29.5 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 1.02 million over the past 3 months. The company’s latest data on shares outstanding shows there are 18.88 million shares.
The 4.09% of Jack In The Box, Inc’s shares are in the hands of company insiders while institutional holders own 117.18% of the company’s shares. Current price change has pushed the stock -51.27% 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.
