Loop Capital has recently initiated Jeld-Wen Holding Inc (JELD) stock to Hold rating, as announced on February 15, 2024, according to Finviz. Earlier, on January 19, 2024, Oppenheimer had initiated the stock to Perform. JP Morgan also raised Neutral rating with a price target of $9.50. Additionally, Wolfe Research reduced Underperform rating on November 8, 2022, with a target price of $7. Credit Suisse analysts, in their report published on October 14, 2022, also reduced Neutral rating and set a price target of $20 for Jeld-Wen Holding Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Jeld-Wen Holding Inc (JELD) Stock Trading Recap
On Wednesday, Jeld-Wen Holding Inc (JELD) stock saw a modest uptick, ending the day at $10.87 which represents a slight increase of $0.95 or 9.58% from the prior close of $9.92. The stock opened at $10.5 and touched a low of $10.12 during the day, reaching a high of $10.97. The volume of shares traded was 2.61 million exceeding the average volume of 0.58 million.
JELD Stock Performance and Moving Averages
In recent trading, Jeld-Wen Holding Inc (JELD) stock price has shown some volatility, fluctuating -23.56% over the last five trades and -31.07% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -22.19%, and it has plunged by -23.93% in the previous three months. Currently, JELD is trading at -24.23%, -26.15%, and -33.27% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, JELD, a Industrials sector stock, is trading -50.02% below its 52-week high but remains 22.13% above its 52-week low. The Average True Range (ATR) (14 days) of 0.84 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Jeld-Wen Holding Inc’s Profitability and Valuation Ratios
Jeld-Wen Holding Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 3.12% and a profit margin of -3.68%, with a gross margin of -22.19%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Jeld-Wen Holding Inc’s market capitalization stands at $918.98 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 8.92. Additionally, the Price-to-Sales Ratio is 0.24, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.28, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.98% of Jeld-Wen Holding Inc (JELD)’s shares, while financial institutions hold 99.32%.
Notable insider trades include Turtle Creek Asset Management, 10% Owner at Jeld-Wen Holding Inc (JELD), who sold 54000 shares on Feb 12 ’24, at $19.84 each, totaling $1.07 million. On Feb 09 ’24, Turtle Creek Asset Management, 10% Owner, sold 53000 shares for $19.55 each, amounting to $1.04 million.
