Why Johnson Outdoors Inc.’s (JOUT) Stock Is Up 5.76%

By AAII Staff
July 11, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Johnson Outdoors Inc. before investing.

In this article, we go over a few key elements for understanding Johnson Outdoors Inc.’s stock price such as:

  • Johnson Outdoors Inc.’s current stock price and volume
  • Why Johnson Outdoors Inc.’s stock price changed recently
  • Upgrades and downgrades for JOUT from analysts
  • JOUT’s stock price momentum as measured by its relative strength

About Johnson Outdoors Inc. (JOUT)

Before we jump into Johnson Outdoors Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Johnson Outdoors Inc. is engaged in manufacturing and marketing of branded seasonal outdoor recreation products that are used primarily for fishing, diving, paddling and camping. The Company’s segments include Fishing, Camping, Watercraft Recreation and Diving. The Fishing segment brands are Minn Kota, Humminbird and Cannon. The Camping segment brands are Eureka! and Jetboil. Eureka! designs and manufactures large tents and lightweight backpacking tents for the United States military. Watercraft Recreation segment designs and markets canoes and kayaks under the Ocean Kayaks and Old Town brand names for family recreation, touring, angling and tripping. Diving segment manufactures and markets underwater diving products for recreational divers, which it sells and distributes under the SCUBAPRO brand name. It markets a range of underwater diving and snorkeling equipment, including regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels and accessories.

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Johnson Outdoors Inc.’s Stock Price as of Market Close

As of July 11, 2024, 4:00 PM, CST, Johnson Outdoors Inc.’s stock price was $35.78.

Johnson Outdoors Inc. is up 5.76% from its previous closing price of $33.83.

During the last market session, Johnson Outdoors Inc.’s stock traded between $32.79 and $33.83. Currently, there are 10.22 million shares of Johnson Outdoors Inc. stock available for purchase.

Johnson Outdoors Inc.’s price-earnings (P/E) ratio is currently at 71.0, which is high compared to the Recreational Products industry median of 17.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Johnson Outdoors Inc. Stock Price History

Johnson Outdoors Inc.’s (JOUT) price is currently up 2.29% so far this month.

During the month of July, Johnson Outdoors Inc.’s stock price has reached a high of $35.79 and a low of $32.79.

Over the last year, Johnson Outdoors Inc. has hit prices as high as $60.58 and as low as $32.79. Year to date, Johnson Outdoors Inc.’s stock is down 45.89%.

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What Caused Johnson Outdoors Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 10, 2024, there was 1 analyst who downgraded Johnson Outdoors Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Johnson Outdoors Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Johnson Outdoors Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Johnson Outdoors Inc.’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Johnson Outdoors Inc. (JOUT) by visiting AAII Stock Evaluator.

Relative Price Strength of Johnson Outdoors Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 10, 2024, Johnson Outdoors Inc. has a weighted four-quarter relative price strength of -19.39%, which translates to a Momentum Score of 20 and is considered to be Very Weak.

Want to learn more about how Johnson Outdoors Inc. is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Johnson Outdoors Inc. Stock Price: Bottom Line

As of July 11, 2024, Johnson Outdoors Inc.’s stock price is $35.78, which is up 5.76% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Johnson Outdoors Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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