JPMorgan Chase & Co. (NYSE:JPM) saw an upside of 1.62% to close Monday at $137.27 after adding $2.19 on the day. The 5-day average trading volume is 12,913,641 shares of the company’s common stock. It has gained $141.54 in the past week and touched a new high 1 time within the past 5 days. An average of 10,350,800 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,263,688.
JPM’s 1-month performance is 5.03% or $5.99 on its low of $130.55 reached on 12/27/22. The company’s shares have touched a 52-week low of $101.28 and high of $159.03, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, JPM has achieved 2.36% or $3.17 and has reached a new high 7 times. However, the current price is down -13.68% from the 52-week high price.
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JPM stock investors last saw insider trading activity on Jan 19.Erdoes Mary E. (CEO Asset & Wealth Management) most recently sold 10,340 shares at $140.29 per share on Jan 17. This transaction cost the insider $1,450,642. General Counsel, Friedman Stacey, sold 23,148 shares at a price of $140.31 on Jan 17. Then, on Jan 17, Co-CEO CCB Lake Marianne sold 10,000 shares at a price of $141.00 per share. This transaction amounted to $1,410,000.
JPM stock has a beta of 1.11. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.33 while the price-to-book (PB) in the most recent quarter is 1.59, with the price to cash flow ratio at 3.32.
As well, the company’s long term debt to equity for the quarter ending December 30 was 1.08, while the total debt to equity was 1.08. The firm’s gross profit as reported stood at $66.71 billion against revenue of $92.81 billion.
For the quarterly period ending December 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected JPM to announce $3.06 per share in earnings in its latest quarter, but it posted $3.56, representing a 16.30% surprise.
Let’s look briefly at JPMorgan Chase & Co. (JPM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 52.53% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.78%.
The stock’s 5-day moving average is $136.89, reflecting a -4.01% or -$5.74 change from its current price. JPM is currently trading +3.87% above its 20-day SMA, +20.00% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.43% and SMA200 by+2.95%.
Stochastic %K and %D was 27.71% and 35.44% and the average true range (ATR) pointed at 3.06. The RSI (14) points at 54.19%, while the 14-day stochastic is at 37.42% with the period’s ATR at 2.95. The stock’s 9-day MACD Oscillator is pointing at -2.66 and -1.97 on the 14-day charts.
In the most recent analyst report for JPMorgan Chase & Co. (NYSE: JPM), Deutsche Bank downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for JPM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate JPM as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 13 have offered a “buy” rating.
What is JPM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $137.00 and a high of $189.00, with their median price target at $155.00. Looking at these predictions, the average price target given by analysts is for JPMorgan Chase & Co. (JPM) stock is $156.65.