Is there still upside to the JB Hi-Fi (ASX:JBH) share price?

Quarterly reporting season is drawing tough comparisons for ASX e-commerce shares following supercharged COVID-19 earnings in 2020. This has dragged the JB Hi-Fi Ltd (ASX: JBH) share price down 10% in the last five trading sessions.

There appears to be a diverging performance between e-commerce shares such as Redbubble Ltd (ASX: RBL) and Kogan.com Ltd (ASX: KGN) that have suffered sharp declines in recent weeks. And more traditional brick and mortar businesses such as Adairs Ltd (ASX: ADH) and Dusk Group Ltd (ASX: DSK) have soared to record territory. 

So where does JB Hi-Fi stand amidst this volatility and could this be a buying opportunity for…