(TBI) TrueBlue - Ratings and Ratios

TrueBlue Inc. (NYSE:TBI) is a leading provider of specialized workforce solutions across North America, the UK, Australia, and Puerto Rico, operating through three distinct business segments: PeopleReady, PeopleManagement, and PeopleScout. PeopleReady offers contingent staffing services for various industries, including construction, transportation, and manufacturing. PeopleManagement provides on-site industrial staffing and commercial driver services, managing contingent workforces for manufacturing, warehousing, and distribution facilities. PeopleScout delivers recruitment process outsourcing, talent advisory services, and managed service provider solutions, leveraging its proprietary technology platform, Affinix, to source, screen, and onboard talent.

The companys diversified service offerings enable it to cater to a broad range of clients, from construction and transportation to manufacturing and retail. With a history dating back to 1985, TrueBlue has evolved from its origins as Labor Ready, Inc. to become a comprehensive workforce solutions provider. Its expertise in contingent staffing, recruitment process outsourcing, and talent advisory services positions it to capitalize on the growing demand for flexible workforce solutions.

Analyzing the provided , we observe that TBIs stock price has been volatile, with a 52-week high of $12.12 and a low of $3.84. The current price of $5.31 is above its 20-day and 50-day simple moving averages (SMA) of $4.41 and $4.97, respectively, indicating a potential short-term uptrend. However, the stock remains below its 200-day SMA of $7.09, suggesting a longer-term downtrend. The Average True Range (ATR) of 0.42 represents a 7.89% volatility, indicating moderate price fluctuations.

From a fundamental perspective, TrueBlues reveals a market capitalization of $129.40M USD and a forward P/E ratio of 56.18, suggesting that the stock may be overvalued relative to its expected earnings growth. The absence of a trailing P/E ratio and a negative Return on Equity (RoE) of -43.17 indicate that the company has faced significant challenges, potentially related to its business operations or industry conditions.

Combining the insights from both technical and fundamental data, a potential forecast for TrueBlue Inc. could be that the stock may continue to experience volatility in the short term, potentially trading within the range of $4 to $6. However, the long-term outlook remains uncertain due to the companys negative RoE and high forward P/E ratio. To achieve a more accurate forecast, it is essential to closely monitor the companys future earnings reports, industry trends, and overall market conditions. A potential trading strategy could involve buying TBI on dips towards its SMA20 or SMA50, with a stop-loss below the recent lows, targeting a potential upside towards $7-$8, aligning with its 200-day SMA. Nonetheless, this strategy requires continuous monitoring and adjustments based on new information and market dynamics.