(TBI) TrueBlue - Ratings and Ratios

TrueBlue, Inc. (NYSE:TBI) is a provider of specialized workforce solutions, operating across the United States, Canada, the United Kingdom, Australia, and Puerto Rico. The company is structured into three core segments: PeopleReady, PeopleManagement, and PeopleScout. PeopleReady focuses on contingent staffing services for industries such as construction, manufacturing, and retail, offering both general and skilled trade labor. PeopleManagement provides on-site industrial staffing and commercial driver services, leveraging brands like Staff Management, SIMOS Insourcing Solutions, and Centerline Drivers to serve manufacturing, warehousing, and transportation sectors. PeopleScout, the recruitment process outsourcing division, delivers talent advisory services, managed service provider solutions, and operates Affinix, a technology platform for permanent workforce sourcing. The company, rebranded from Labor Ready, Inc. in 2007, has been in operation since 1985 and is headquartered in Tacoma, Washington.

From a technical perspective, TBI is currently trading at $5.63, below its SMA 20 ($7.01), SMA 50 ($7.58), and SMA 200 ($8.54) levels, indicating bearish momentum. The Average True Range (ATR) of 0.39 suggests reduced volatility in recent trading sessions. Fundamental analysis highlights a market capitalization of $183.89 million, with a forward P/E ratio of 56.18, reflecting investor expectations of future earnings growth despite a current P/E ratio of 0.00. The price-to-book ratio of 0.58 and price-to-sales ratio of 0.12 indicate undervaluation relative to book value and revenue, though the negative return on equity (-39.87%) signals ongoing profitability challenges.

Over the next three months, TBI is expected to face continued downward pressure, with the stock price potentially testing lower support levels near $5.00 due to the bearish crossover of its short- and long-term moving averages. However, the low ATR may limit significant downside volatility. Fundamental trends suggest the market is pricing in expectations of a turnaround in profitability, given the high forward P/E ratio, but near-term risks remain elevated due to the negative RoE and macroeconomic uncertainties impacting labor markets. Investors should monitor earnings reports and management guidance for signs of operational improvement.