Why is Jet Freight falling/rising?
As of 16-Sep, Jet Freight Logistics Ltd is priced at 13.25, down 0.38%, and has significantly underperformed its sector and the broader market. The stock has a high Debt to EBITDA ratio and negative returns, indicating weak performance and low investor confidence.
As of 16-Sep, Jet Freight Logistics Ltd is currently priced at 13.25, reflecting a decrease of 0.05 or 0.38%. The stock has underperformed its sector today by 2.17% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.05%, and it has experienced a significant drop of 28.34% year-to-date. Despite a 21.2% increase in profits over the past year, the stock has generated a return of -29.11%, indicating weak performance. The company has a high Debt to EBITDA ratio of 5.33 times, which suggests a low ability to service debt, contributing to its negative outlook. In the broader market context, the Sensex has gained 1.58% over the past week, contrasting sharply with Jet Freight's decline. The logistics sector overall has seen a rise of 2.06%, further highlighting the stock's underperformance. The stock's negative returns over the last year and its inability to keep pace with the benchmark indices indicate a lack of investor confidence. Additionally, the company's weak long-term fundamentals, including a -4.71% CAGR growth in net sales over the last five years, further exacerbate its challenges in the market.
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