Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Trueblue Inc before investing.

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

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

About Trueblue Inc (TBI)

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

TrueBlue, Inc. is a provider of specialized workforce solutions. It operates through three segments: PeopleReady, PeopleScout and PeopleManagement. The PeopleReady segment provides on-demand and skilled labor in a range of industries, such as construction, transportation, manufacturing, retail, hospitality, and renewable energy. The PeopleScout segment provides permanent employee recruitment process outsourcing, employer branding services and management of outsourced labor service providers through the operating segments: PeopleScout Recruitment Process Outsourcing (RPO), which outsources recruitment of permanent employees on behalf of clients and employer branding services; and PeopleScout managed service provider (MSP), which manages multiple third-party staffing vendors on behalf of clients. It also provides talent advisory solutions. The PeopleManagement segment offers contingent, on-site industrial staffing and commercial driver services primarily on-site at the client’s facility.

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Trueblue Inc’s Stock Price as of Market Close

As of August 09, 2024, 4:00 PM, CST, Trueblue Inc’s stock price was $7.71.

Trueblue Inc is down 4.22% from its previous closing price of $8.05.

During the last market session, Trueblue Inc’s stock traded between $7.65 and $8.11. Currently, there are 30.35 million shares of Trueblue Inc stock available for purchase.

Unfortunately, Trueblue Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Trueblue Inc Stock Price History

Trueblue Inc’s (TBI) price is currently down 35.48% so far this month.

During the month of August, Trueblue Inc’s stock price has reached a high of $12.00 and a low of $7.65.

Over the last year, Trueblue Inc has hit prices as high as $16.14 and as low as $7.65. Year to date, Trueblue Inc’s stock is down 60.62%.

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What Caused Trueblue Inc Stock’s Price to Dip?

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 August 08, 2024, there were 3 analysts who downgraded Trueblue Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Trueblue 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 Trueblue Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Trueblue Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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 Trueblue Inc (TBI) by visiting AAII Stock Evaluator.

Relative Price Strength of Trueblue 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 August 08, 2024, Trueblue Inc has a weighted four-quarter relative price strength of -20.38%, which translates to a Momentum Score of 18 and is considered to be Very Weak.

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Trueblue Inc Stock Price: Bottom Line

As of August 9, 2024, Trueblue Inc’s stock price is $7.71, which is down 4.22% 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 Trueblue Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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