Trueblue Stock Today
| TBI Stock | USD 10.94 0.11 1.02% |
Performance0 of 100
| Odds Of DistressLess than 14
|
TrueBlue is trading at 10.94 as of the 23rd of April 2024. This is a 1.02 percent up since the beginning of the trading day. The stock's open price was 10.83. TrueBlue has less than a 14 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for TrueBlue are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of May 2022 and ending today, the 23rd of April 2024. Click here to learn more.
TrueBlue, Inc., together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. TrueBlue, Inc. was incorporated in 1985 and is headquartered in Tacoma, Washington. Trueblue operates under Staffing Employment Services classification in the United States and is traded on New York Stock Exchange. The company has 31.39 M outstanding shares of which 884.58 K shares are at this time shorted by investors with about 1.06 days to cover. More on TrueBlue
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TrueBlue Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. TrueBlue's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding TrueBlue or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | A Beharelle |
| Business Concentration | Human Resource & Employment Services, Commercial & Professional Services, Industrials, NYSE Composite, SP Small-Cap 600, Industrials, Professional Services, Staffing & Employment Services, Industrials (View all Sectors) |
| Financial Strength Based on the measurements of operating efficiency obtained from TrueBlue's historical financial statements, TrueBlue is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of TrueBlue is based on its profitability, leverage, liquidity, source of funds, and operating efficiency. | |
TrueBlue (TBI) is traded on New York Stock Exchange in USA. It is located in 1015 A Street, Tacoma, WA, United States, 98402 and employs 5,000 people. TrueBlue is listed under Human Resource & Employment Services category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 339.94 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate TrueBlue's market, we take the total number of its shares issued and multiply it by TrueBlue's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. TrueBlue runs under Professional Services sector within Industrials industry. The entity has 31.39 M outstanding shares of which 884.58 K shares are at this time shorted by investors with about 1.06 days to cover.
TrueBlue has about 72.05 M in cash with 34.75 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.34.
Check TrueBlue Probability Of Bankruptcy
Ownership AllocationTrueBlue maintains a total of 31.39 Million outstanding shares. The majority of TrueBlue outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in TrueBlue to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in TrueBlue. Please pay attention to any change in the institutional holdings of TrueBlue as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check TrueBlue Ownership Details
TrueBlue Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of TrueBlue jumping above the current price in 90 days from now is about 87.9%. The TrueBlue probability density function shows the probability of TrueBlue stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.4916. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, TrueBlue will likely underperform. Additionally, trueBlue has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of TrueBlue to move above the current price in 90 days from now is about 87.9 (This TrueBlue probability density function shows the probability of TrueBlue Stock to fall within a particular range of prices over 90 days) .
TrueBlue Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. TrueBlue market risk premium is the additional return an investor will receive from holding TrueBlue long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in TrueBlue. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although TrueBlue's alpha and beta are two of the key measurements used to evaluate TrueBlue's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.29) |
TrueBlue Stock Against Markets
Picking the right benchmark for TrueBlue stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in TrueBlue stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for TrueBlue is critical whether you are bullish or bearish towards TrueBlue at a given time. Please also check how TrueBlue's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in TrueBlue without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
TrueBlue Corporate Directors
TrueBlue corporate directors refer to members of a TrueBlue board of directors. The board of directors generally takes responsibility for the TrueBlue's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of TrueBlue's board members must vote for the resolution. The TrueBlue board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| William Goings | Independent Director | Profile | |
| William Steele | Lead Independent Director | Profile | |
| Colleen Brown | Independent Director | Profile | |
| Thomas McChesney | Independent Director | Profile |
How to buy TrueBlue Stock?
Before investing in TrueBlue, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in TrueBlue. To buy TrueBlue stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of TrueBlue. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase TrueBlue stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located TrueBlue stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased TrueBlue stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as TrueBlue, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy TrueBlue Stock please use our How to Invest in TrueBlue guide.
Already Invested in TrueBlue?
The danger of trading TrueBlue is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of TrueBlue is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than TrueBlue. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile TrueBlue is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether TrueBlue offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TrueBlue's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Trueblue Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Trueblue Stock: 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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.
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.