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Sunday, December 3, 2023

Momentum Is Strong For Janus International Group Inc (NYSE: JBI)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Janus International Group Inc (JBI) shows that investor sentiment remained same, with the stock’s consolidated last price to $9.96. The Janus International Group Inc has recorded 18,441 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Janus International Group Reports Record Third Quarter 2023 Financial Results.

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Stocks Info

Janus International Group Inc is listed on the NYSE as a member of the Industrials sector and is a part of the Building Products & Equipment industry. At the end of the last regular session, the stock closed at $9.96 and fluctuated between $10.22 as its day high and $9.80 as its day low. The current market capitalization of Janus International Group Inc is $1.46B. A total of 1.14 million shares were traded on the day, compared to an average of 1.61M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, JBI has seen 2 BUY and 6 SELL insider trades, representing the acquisition of 8,058 and the disposition of 21,369,007 shares. Over the last 12 months, there were 19 BUYs and 21 SELLs from insiders. Insiders purchased 280,126 shares during that period but sold 30,994,820.

In the most recent transaction, CLEARLAKE CAPITAL GROUP, L.P. sold 21,369,007 shares of JBI for 10.50 per share on Sep 15. After the transaction, the Director now owns 181,288 company shares. In a previous transaction on Jun 20, CLEARLAKE CAPITAL GROUP, L.P. sold 7,711,621 shares at 9.09 per share. JBI shares that Director owns now total 348,946.

Among the insiders who sold shares, CLEARLAKE CAPITAL GROUP, L.P. disposed of 1,900,000 shares on Dec 14 at a per-share price of $9.31. This resulted in the Director holding 409,320 shares of JBI after the transaction.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for JBI in the last 3 months, the mean price target is $15.17 with high estimates of $17.00 and low estimates of $12.00. In terms of 52-week highs and lows, JBI has a high of $12.45 and a low of $8.19.

As of this writing, JBI has an earnings estimate of $0.24 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.21. The company reported an EPS of $0.18 in the last quarter, which was 5.90% higher than expectations of $0.17.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. JBI’s latest balance sheet shows that the firm has $13.19M in Cash & Short Term Investments as of fiscal 2021. There were $718.15M in debt and $140.35M in liabilities at the time. Its Book Value Per Share was $3.27, while its Total Shareholder’s Equity was $268.29M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for JBI is Buy with a score of 5.00.

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