Trueblue Stock Price on February 16, 2024
| TBI Stock | USD 10.53 0.04 0.38% |
Below is the normalized historical share price chart for TrueBlue extending back to July 24, 1995. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of TrueBlue stands at 10.53, as last reported on the 3rd of May, with the highest price reaching 10.68 and the lowest price hitting 10.46 during the day.
If you're considering investing in TrueBlue Stock, it is important to understand the factors that can impact its price. TrueBlue owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. TrueBlue exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TrueBlue's Variance of 7.21, coefficient of variation of (685.59), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide.
As of now, TrueBlue's Common Stock Shares Outstanding is decreasing as compared to previous years. The TrueBlue's current Other Stockholder Equity is estimated to increase to about 599.3 M, while Total Stockholder Equity is projected to decrease to under 345.4 M. . As of now, TrueBlue's Price Earnings To Growth Ratio is increasing as compared to previous years. The TrueBlue's current Price To Free Cash Flows Ratio is estimated to increase to 166.79, while Price To Sales Ratio is projected to decrease to 0.28. TrueBlue Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 13th of June 1996 | 200 Day MA 13.6371 | 50 Day MA 11.4606 | Beta 1.486 |
TrueBlue |
Sharpe Ratio = -0.1206
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TBI |
Estimated Market Risk
| 2.72 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.33 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average TrueBlue is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of TrueBlue by adding TrueBlue to a well-diversified portfolio.
Price Book 0.7438 | Enterprise Value Ebitda 29.6808 | Price Sales 0.1787 | Shares Float 30.5 M | Wall Street Target Price 14.67 |
Related Headline
ExlService Holdings Headline on 16th of February 2024
Disposition of 3300 shares by Kini Narasimha of ExlService H... by Kini Narasimha
Filed transaction by ExlService Holdings Officer: Evp, Emerging Bus Unit Leader. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
TrueBlue Valuation on February 16, 2024
It is possible to determine the worth of TrueBlue on a given historical date. On February 16, 2024 TrueBlue was worth 12.83 at the beginning of the trading date compared to the closed value of 12.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TrueBlue stock. Still, in general, we apply an absolute valuation method to find TrueBlue's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of TrueBlue where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TrueBlue's related companies.
| Open | High | Low | Close | Volume | |
| 12.70 | 13.08 | 12.67 | 12.97 | 237,877 | |
02/16/2024 | 12.83 | 13.00 | 12.72 | 12.74 | 249,534 |
| 12.57 | 12.84 | 12.47 | 12.81 | 299,622 |
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TrueBlue Trading Date Momentum on February 16, 2024
| On February 20 2024 TrueBlue was traded for 12.81 at the closing time. Highest TrueBlue's price during the trading hours was 12.84 and the lowest price during the day was 12.47 . The net volume was 299.6 K. The overall trading history on the 20th of February contributed to the next trading period price growth. The trading price change to the next next day price was 0.55% . The trading price change to current price is 12.01% . |
TrueBlue Fundamentals Correlations and Trends
By evaluating TrueBlue's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among TrueBlue's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. TrueBlue financial account trend analysis is a perfect complement when working with valuation or volatility modules.About TrueBlue Stock history
TrueBlue investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for TrueBlue is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TrueBlue will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing TrueBlue stock prices may prove useful in developing a viable investing in TrueBlue
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 31.3 M | 33.9 M | |
| Net Income Applicable To Common Shares | 71.6 M | 75.2 M |
TrueBlue Quarterly Net Working Capital |
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TrueBlue Stock Technical Analysis
TrueBlue technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
TrueBlue Period Price Range
Low | February 16, 2024
| High |
12.83 | 12.74 |
TrueBlue May 3, 2024 Market Strength
Market strength indicators help investors to evaluate how TrueBlue stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TrueBlue shares will generate the highest return on investment. By undertsting and applying TrueBlue stock market strength indicators, traders can identify TrueBlue entry and exit signals to maximize returns
| Accumulation Distribution | 5374.58 | |||
| Daily Balance Of Power | (0.32) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 12.86 | |||
| Day Typical Price | 12.82 | |||
| Price Action Indicator | (0.17) | |||
| Period Momentum Indicator | (2.21) |
TrueBlue Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TrueBlue's price direction in advance. Along with the technical and fundamental analysis of TrueBlue Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TrueBlue to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.29) |
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TrueBlue. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more detail on how to invest in TrueBlue Stock please use our How to Invest in TrueBlue guide.Note that the TrueBlue information on this page should be used as a complementary analysis to other TrueBlue's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for TrueBlue Stock analysis
When running TrueBlue's price analysis, check to measure TrueBlue's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TrueBlue is operating at the current time. Most of TrueBlue's value examination focuses on studying past and present price action to predict the probability of TrueBlue's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TrueBlue's price. Additionally, you may evaluate how the addition of TrueBlue to your portfolios can decrease your overall portfolio volatility.
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Is TrueBlue's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TrueBlue. If investors know TrueBlue will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TrueBlue listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.63) | Earnings Share (0.45) | Revenue Per Share 60.869 | Quarterly Revenue Growth (0.12) | Return On Assets (0) |
The market value of TrueBlue is measured differently than its book value, which is the value of TrueBlue that is recorded on the company's balance sheet. Investors also form their own opinion of TrueBlue's value that differs from its market value or its book value, called intrinsic value, which is TrueBlue's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TrueBlue's market value can be influenced by many factors that don't directly affect TrueBlue's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TrueBlue's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueBlue is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueBlue's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.