JELD-WEN Holding, Inc. (NYSE:JELD) is among the top gainers of the stock market today, skyrocketing 12.31% or (1.38 points) to $12.59 from its previous close of $11.21. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 330693 contracts so far this session. JELD shares had a relatively better volume day versus average trading capacity of 919.25 thousand shares, but with a 66.46 million float and a 53.35% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for JELD stock indicates that the average analyst price target is $23.05 per share. This means the stock has a potential increase of 83.08% from where the JELD share price has been trading recently.
During the recent trading session for JELD-WEN Holding, Inc. (NYSE:JELD), the company witnessed their stock rise $4.31 over a week and tumble down $-6.49 from the price 20 days ago. When compared to their established 52-week high of $27, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 01/23/20. The recent low of $6.06 stood for a -53.36% since 03/18/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for JELD-WEN Holding, Inc., the two-week RSI stands at 43.09. This figure suggests that JELD stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current JELD readings is similarly very revealing as it has a stochastic reading of 44.84% at this stage. This figure means that JELD share price today is being neutral.
Technical chart claims that JELD-WEN Holding, Inc. (JELD) would settle between $11.93/share to $12.65/share level. However, if the stock price goes below the $10.21 mark, then the market for JELD-WEN Holding, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $9.21 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 2.02. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at RBC Capital Mkts lowered their recommendation on shares of JELD from Sector Perform to Underperform in their opinion released on March 16. The Benchmark Company, analysts launched coverage of JELD-WEN Holding, Inc. (NYSE:JELD) stock with a Buy recommendation, according to their flash note issued to investors on February 05. Analysts at BofA/Merrill released an upgrade from Underperform to Neutral for the stock, in a research note that dated back to January 23.
JELD equity has an average rating of 2.36, with the figure leaning towards a bullish end. 11 analysts who tracked the company were contacted by Reuters. Amongst them, 5 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 5 analysts rated JELD-WEN Holding, Inc. (NYSE:JELD) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, JELD stock price is currently trading at 5.75X forward 12-month Consensus EPS estimates, and its P/E ratio is 18.1 while for the average stock in the same group, the multiple is 18.3. JELD-WEN Holding, Inc. current P/B ratio of 1.4 means it is trading at a discount against its industry’s 1.8.
JELD-WEN Holding, Inc. (JELD)’s current-quarter revenues are projected to climb by nearly -1.8% to hit $992340, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 0.8% from $4.29 billion to a noteworthy $4.32 billion. At the other end of the current quarter income statement, JELD-WEN Holding, Inc. is expected to see its adjusted earnings surge by roughly -52.2% to hit $0.11 per share. For the fiscal year, JELD’s earnings are projected to climb by roughly 22.5% to hit $1.47 per share.