Why is Jet Freight falling/rising?
As of 18-Sep, Jet Freight Logistics Ltd's stock price is 13.42, down 0.59%, and has underperformed its sector. Despite a recent increase in delivery volume, the stock has a year-to-date decline of 27.42% and is viewed as a strong sell due to weak fundamentals and negative returns.
As of 18-Sep, Jet Freight Logistics Ltd is experiencing a decline in its stock price, currently at 13.42, which reflects a decrease of 0.08 or 0.59%. The stock has underperformed its sector today by 0.53%, and while it is higher than its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a slight increase of 0.60%, but it has significantly underperformed over the longer term, with a year-to-date decline of 27.42%. Despite a recent rise in delivery volume by 23.31% against the 5-day average, the stock's overall performance has been hindered by weak long-term fundamentals, including a negative compound annual growth rate (CAGR) in net sales and a high debt-to-EBITDA ratio.In the broader market context, the Sensex has risen by 1.80% over the past week, contrasting sharply with Jet Freight's performance. The stock's negative returns over the past year, which stand at -25.24%, further highlight its struggle against the benchmark, which has shown a modest increase of 0.08% in the same period. The company's profitability is also a concern, with a low return on equity and a significant drop in net sales and profit after tax in recent quarters. These factors contribute to the perception of Jet Freight as a strong sell, as it continues to lag behind both its sector and the broader market.
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